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Paris Hilton’s Father to Sell $38 Million Palazzetto Mansion for Cryptocurrency

The Infinite Brief
Richard “Rick” Hilton, chairman of Hilton & Hyland and father of American socialite and reality TV star Paris Hilton, is selling the $38 million Palazzetto mansion through a cryptocurrency auction. The 16th century mansion is located in Rome and has 11 bedrooms and 15 bathrooms.

Hilton partnered with international real-estate crypto platform Propy to host the event. The auction will take place on June 28 (3 PM ET), with registration open until June 27. People are allowed to bid in US dollars or cryptocurrency after creating an account on Propy.

Over the last few years, an increasing number of people have begun accepting cryptocurrency payments for real estate transactions. Aston Plaza & Residences, located in Dubai, sold 50 apartments to Bitcoin owners in February 2018. Last year, another 49-year old crypto advocate put his r £80,000 property up for sale. He said that even if bitcoin’s price dropped, he would honor the agreement.

The property consists of three kitchens, along with a movie theatre, a spa and a gym. The building is also connected to the Palazzo Grande and is collectively known as the Palazzo Albertoni Spinola.

Originally via CCN

Richard “Rick” Hilton, chairman of Hilton & Hyland and father of American socialite and reality TV star Paris Hilton, is selling the $38 million Palazzetto mansion through a cryptocurrency auction. The 16th century mansion is located in Rome and has 11 bedrooms and 15 bathrooms.

See the original article at https://www.ccn.com/paris-hiltons-hotel-mogul-father-to-sell-38-million-mansion-for-cryptocurrency/

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