The Kessler Collection Jumps Into Crypto, 8 Luxury Hotels Now Accept Digital Currencies

11 March 2021

The Kessler Collection Jumps Into Crypto, 8 Luxury Hotels Now Accept Digital Currencies

During the last few months, a great number of businesses have been adding cryptocurrency support to their payment systems. On Tuesday, the luxury hotel group called The Kessler Collection announced it is now accepting digital currency payments for accommodations. The Kessler Collection’s support means eight luxury hotels will be able to accept payments in crypto assets like bitcoin, ethereum, bitcoin cash, and more.

The Kessler Collection Now Accepts Digital Currency Payments at 8 Luxury Hotels

While crypto-assets continue to accrue value, it has sparked numerous merchants and businesses to start accepting digital assets for payment. On March 9, 2021, the Florida-based luxury hotel group The Kessler Collection announced it has partnered with the Atlanta company Bitpay in order to accept crypto-asset payments.

The Kessler Collection Jumps Into Crypto, 8 Luxury Hotels Now Accept Digital Currencies

The acceptance means that eight luxury hotels in the U.S. now accept bitcoin (BTC), bitcoin cash (BCH), ethereum (ETH), dogecoin (DOGE), and several more assets including four stablecoins.

The Kessler-owned establishments include Mansion on Forsyth Park, JW Marriott Savannah Plant Riverside District, Beaver Creek Lodge, Casa Monica Resort & Spa, Elliot Park Hotel, Grand Bohemian Hotel Asheville, Grand Bohemian Hotel Charlotte, and the Grand Bohemian Greenville (coming Nov. 2021).

Crypto Adds Innovation to the Hospitality Industry by Making Payments Easier

Richard Kessler, chairman and CEO of The Kessler Collection believes that digital currencies are “one of the most innovative concepts in the hospitality industry right now.”

“I believe cryptocurrency is only going to gain acceptance, and partnering with Bitpay allows us to offer more choices in the payment process,” the Kessler executive noted. Sonny Singh, the chief commercial officer at Bitpay explained that crypto payments add more ease to the travel industry and less friction.

“Bitcoin payments are cheaper than credit cards and help international travelers make payments easier. The Kessler Collection is one of the premier luxury hotel groups and is being very innovative and catering to their customers by allowing them to pay in bitcoin and cryptocurrency,” Singh added.

The announcement details that each hotel property will send an email invoice to guests so they can easily pay with BTC, BCH, ETH, DOGE, USDC, BUSD, GUSD, and PAX. The Kessler Collection executives think the crypto payment concept makes it so hotel guests can save a lot more time.

“This move will make it easier for guests traveling globally, both in time saved from going to a local currency exchange and in money saved with a lower exchange rate,” Kessler’s chief financial officer, Fravy Collazo insisted.

What do you think about The Kessler Collection accepting crypto assets for payments via Bitpay? Let us know what you think about this subject in the comments section below.

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