Oriens
Travel & Hotel Management has begun renting its units at the Bahia
Encantada in Costa Rica, taking advantage of ‘peak season’ vacationing and
generating its first revenues ahead of the November schedule. The company says
it launched the vacation rental initiative three weeks early to take advantage
of the tourist season.
For
immediate results and optimal booking, Oriens utilized seasoned rental agents
to secure the condo/hotel bookings rather than pre-maturely re-launch the
company’s FROL (Friendly Reservations Online) hospitality booking engine.
This
enabled the company to take advantage of the most lucrative times for tourism
at Jaco Beach and, as a result, company president and Chief Executive Officer
Melvin Pereira said the company anticipates a steady stream of bookings over
the next five months.
“Early on,
I spoke about going after the low hanging fruit. When chasing down revenues to
build shareholder value, for us, seasonal rentals fall into that category. Our
plan is to keep all of our units occupied during the peak season to keep the
cash flowing. These revenues will help to reduce capital requirements for
operations. As we all know, for any micro-cap company, this means less toxic
financing. These revenues will be directed toward unit maintenance, which
include upgrades to the units fixed assets and décor,” Pereira stated in the
news release.
Oriens
obtained the beachfront Bahia Encantada condominium complex via recent merger
with E-Network de Costa Rica SA (“E-Net”), and will soon operate under the
brand name Pure Hospitality Solutions, Inc. [pending FINRA approval].
The
company’s plan is to direct rental revenues to the continual upgrade of unit
tangibles to enhance the overall PURE experience at Bahia Encantada and
ultimately contribute to the value and quality of the brand, “by PURE.”
Pereira
also noted expectations for continued revenue growth amid progressive momentum.
“We have
accomplished our first order of business – to begin generating fourth-quarter
earnings,” he stated. “Whether it is through sales or rentals, I am confident
revenues will continue to grow.”
For more
information, visit www.orienscorp.com
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