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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