Amber Hostelisdevelopment — to continue the renovation and modernisation of the 4 800 m² accommodation building in Liepāja, increasing its occupancy and accommodation capacity for students, visitors to the city and organisations.
Development of existing infrastructure
Continue the investments made since 2018 in the renovation, reconstruction and fitting-out of the building.
Higher occupancy
Develop the accommodation offering for students, companies, associations and other visitors to Liepāja.
Fixed investment return
DLT digital bonds with a fixed annual interest rate of 12% and quarterly interest payments.
330 beds.
Liepāja’s accommodation infrastructure.
Amber Hostelis — formerly known as Liepu Hostelis — is an accommodation facility at Ganību iela 36/48 in Liepāja. SIA “BALVORA Group” has professionally managed the building since 2018.
The six-storey building, including the basement, has an area of approximately 4 800 m², 100 rooms and a total capacity of 330 beds. The premises are used to accommodate students, company employees, association members and other guests, as well as for space rental.
The CrowdedHero campaign aims to raise funding for further renovation and reconstruction of the building and the purchase of equipment, creating the conditions for higher occupancy and revenue.
Total building area
Rooms
Beds
Start of management operations
Existing accommodation infrastructure in Liepāja
The building is already being used to provide accommodation and space rental services. Further investments are intended to improve its quality and increase its utilisation potential.
A six-storey accommodation building in Liepāja.
Total capacity — up to 330 beds.
Premises suitable for longer- and shorter-term stays by students and other guests.
More than €700 000 already invested in renovation
Since the start of the lease, investments have been made in the building façade, roof and other building elements.
Investments have been made in electrical systems, plumbing, ventilation and other building systems.
Documented cumulative investment in the renovation of the building as of 1 June 2023.
From student accommodation to a broader range of guests
Amber Hostelis’ core business is the provision of accommodation and space rental services. The property’s capacity allows it to serve several customer groups and diversify occupancy throughout the year.
Up to €200 000 for further development
The funding raised is intended for the further renovation and reconstruction of the Amber Hostelis building and/or the purchase of necessary equipment in order to increase occupancy and the related accommodation and rental income.
<--[TO BE COMPLETED AFTER FINAL BUDGET APPROVAL: specific renovation works, equipment and amounts.]
A positive annual result was achieved in 2025
Historical financial indicators reflect the company’s operations and the previous investment period.
| Indicator | 2023 | 2024 | 2025 |
|---|---|---|---|
| Turnover | €275 592 | €227 304 | €293 258 |
| Annual profit / loss | −€81 856 | −€59 209 | +€21 126 |
| Total assets | — | €558 740 | €546 973 |
The positive result achieved in 2025 does not guarantee similar results in the future. The company’s equity remained negative at the end of 2025.
Fixed 12% annual coupon
The nominal value of one bond is €250. The minimum investment is two bonds, or €500. The principal is scheduled to be repaid in a single payment at the end of the bond term.
Digital bond with DLT registration
Operator of Amber Hostelis and issuer of the digital bonds.
€250 nominal value · 12% p.a. · 3.5 years · direct issuance without an SPV.
Entitled to fixed interest payments and repayment of principal at maturity.
Planned issuance: up to 800 digital bonds with a total nominal value of €200 000. Minimum issuance threshold — €50 000.
From issuance to maturity
Raising funding for the further development of Amber Hostelis.
Fixed-interest payments are scheduled four times per year.
The nominal value of the bonds is scheduled to be repaid in a single payment at maturity.
Large capacity provides flexibility
In addition to the existing accommodation business, the project developers have identified several potential scenarios for the future use of the building. These scenarios represent development opportunities and should not currently be regarded as guaranteed contracts or revenue.
100 rooms and 330 beds make it possible to accommodate larger groups flexibly.
The existing accommodation and space rental infrastructure can be used for organised groups.
The developers are assessing opportunities to use the property for government and civil-military accommodation needs.
The property’s large capacity could potentially also be used for temporary emergency accommodation.
Spaces where the investment becomes visible
Amber Hostelis on the map
Ganību iela 36/48, Liepāja, LV-3401
100 rooms · 330 beds
56.50555° N · 21.01953° E
Investment risks
The business is concentrated in one main accommodation property. There is a risk of fluctuations in occupancy and additional reconstruction costs.
The property is leased. Changes to the lease terms or the relationship with the lessor may affect the company’s operations and cash flow.
The company’s equity was negative at the end of 2025. This increases the risk that the issuer may be unable to meet its obligations to bondholders in full or on time.
The ability to pay interest and repay principal depends on hostel occupancy and accommodation and rental income.
There is no active secondary market for the digital bonds. Transfers are restricted and take place through the designated whitelisting mechanism.
The accommodation sector is affected by competition, as well as increases in utility, labour and property maintenance costs.
Investment in this crowdfunding project involves risks, including the risk of partial or complete loss of the money invested. Your investment is not covered by deposit guarantee schemes or investor compensation schemes. You may not receive the expected return and may be unable to sell the investment instruments when you wish. This is not a savings product, and it is recommended that you do not invest more than 10% of your net worth in crowdfunding projects.
Invest in Liepāja’s accommodation infrastructure development
DLT digital bond with a fixed annual interest rate of 12% and a minimum investment of €500.
