Wednesday, June 25, 2014

Oriens Travel & Hotel Management Corp. (OTHM) Demonstrates Resilience on Cusp of New Acquisition

Oriens Travel & Hotel Management is a next-generation international hotel brand operator with offices in British Columbia and Las Vegas. The company’s focus is on helping its network of partner hotels increase their occupancy levels and subsequent bottom-line profits.

Synergistic with its proprietary online booking/payment processing engine, the company has developed five unique brands under the Hotel PURE flag to help identify and categorize hotel properties according to star ratings and amenities: Hotel PURE Signature, Hotel PURE Select, Hotel PURE Green, Hotel PURE Express, and Hotel PURE B+B.

Oriens generates revenues from a fee structure based on reservations delivered through its Hotel PURE System. To help increase occupancy for its hotel clients, Oriens offers a suite of marketing solutions to help its clients secure a Top 10 web presence on searches through leading travel booking websites such as Expedia, Hotwire, Orbitz, Travelocity, Priceline, US Airways and more.

Entering the third quarter of 2014, Oriens demonstrated its resilience to adverse circumstances that unfolded at the beginning of the year when the company’s planned merger fell through due to third-party mishaps. Oriens surmised, however, that the botched merger was a positive event, enabling the company to establish a new business model while acquiring and branding its own properties under the new brand.

To that accord, Oriens today reported that it has signed a letter of intent (LOI) with BW Point Condominium Trust, LLC in which Oriens will acquire BW Point’s beach front property in Costa Rica. The LOI made a cash payment of approximately 4.5% to secure the deal, which Obriens says will “dramatically adjust the actual worth and value” of the company.

“Once the acquisition is complete, Oriens would book immediate asset values, boasting estimated revenues close to $9 million,” Ken Chua, president of Oriens, stated in the news release. “By focusing on our development in Costa Rica, we have been able to structure real financial opportunities, those which will almost immediately reflect in our financials. We are confident that shareholders will soon receive a substantial boost in confidence within the next 20 business days.”

The 15 story, 42-unit beach front condo/hotel building will serve as the company’s foundation to launching and developing its condo/hotel brand management, property ownership and online booking business model.

For more information, visit www.orienscorp.com

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