Accor Group, owner of Movenpick Hotels and Apartments, confirmed GSPartners has no authorization to sell its Dubai property. This declaration came from an Accor Group Development Director in Dubai, who stated that the sale process for the Movenpick apartments has not yet begun. GSPartners founder Josip Heit had pitched investment opportunities in these properties to affiliates.
Heit, through his various entities including Gold Standard Bank, reportedly told GSPartners affiliates at a late July Dubai marketing event that they could invest in Movenpick apartments. The alleged investment involved XLT tokens, with each token supposedly representing a unit of floor space within the Movenpick property. GSPartners promised to rent out these apartments, funneling revenue directly to XLT token holders.
Driven Properties, a Dubai-based property brokerage, was presented as an intermediary between GSPartners and Movenpick. Accor Group's statement directly contradicts this arrangement. The Development Director explicitly stated, "Gold Standard Bank doesn't have the right to sell the property under the Movenpick brand."
This is not the first instance where a proposed real estate partner has disavowed connections to Heit and GSPartners. The company had previously announced JONE tokens, linked to the J One Towers in Dubai. That plan collapsed after the J One Towers developer publicly denied any association with GSPartners or Josip Heit.
GSPartners operates as an alleged multi-level marketing (MLM) scheme, attracting individuals to "invest" in various digital assets and purported opportunities. Josip Heit controls Gold Standard Bank and several other shell companies tied to GSPartners, all central to these investment pitches. These entities often lack proper regulatory oversight, especially when dealing with tokenized real estate assets.
Marketing material referencing Movenpick continued to circulate among GSPartners promoters even after Accor's statement. However, no mention of Movenpick appeared on GSPartners' official website or its public Facebook page. This pattern of unofficial promotion coupled with official silence is common in such schemes.
Daily Exposed contacted Accor Group on July 5th for clarification. Accor acknowledged the inquiry, and later confirmed it had issued a cease and desist order to the specific developer linked to the Movenpick Hotels and Apartments in Dubai. This action further underlines the lack of legitimate partnership between Accor and Heit's ventures.
The Movenpick marketing material primarily spread through a YouTube video uploaded to GSB Gold Standard Corporation's official channel. GSB Gold Standard Corporation serves as GSPartners' parent company. YouTube terminated this channel in June 2024, rendering the video link inactive and removing a key promotional tool.
Investing in tokenized real estate through unregulated platforms carries substantial risk. Purchasers of XLT tokens may find they hold no actual claim to Movenpick property, nor any legitimate right to rental income. Investors should verify any property claims directly with the property owner and local real estate authorities. The Dubai Land Department offers resources for checking property registrations and developer credentials.