Oriens
Travel & Hotel Management Corp., the Next Generation International Hotel
Brand Operator, has announced that new President and Chief Executive Officer,
Melvin Pereira, has completed a multi-million dollar international property
acquisition of Global Asset Management Holdings’ interest in Bahia Encantada.
The deal comes on the heels of the company’s recent merger with E-Network de
Costa Rica SA (“E-Net”). The company is currently in the process of
transforming its name to Pure Hospitality Solutions, Inc., and looks to
conclude this effort in the very near future [pending FINRA approval].
Mr.
Pereira stated, “Correct me if I am wrong, but I do believe this is the best
way to begin my tenure as CEO. While my commitment, hard work and dedication
shouldn’t be completely valued based on my delivering a substantial amount of
assets within weeks of my executive nomination, it does speak loudly to my
mandate. I get the job done!”
Company
managers confirm that Global Asset Management Holdings’ interest in Bahia
Encantada is viewed as having market value just above $8 million dollars (US).
The net effect of the move markedly increases the company’s projected revenues.
The acquisition is also viewed as one that adds approximately $5 million
dollars of net profit to Oriens (PURE Hospitality Solutions), pending a
complete and favorable conclusion.
Details of
the transaction are scheduled to be revealed Wednesday, October 8th, 2014 on
the corporate blog site. However, management indicated that Mr. Pereira
structured the transaction in such a way to be easily managed. The company is
working to transform the Bahia Encantada holdings brand with the new PURE brand
and looks to roll out a new version of the FROL (Friendly Reservations Online)
to manage online bookings.
Mr.
Pereira summarized by saying, “This is just the beginning. We absolutely have a
long road ahead. It will not be an easy path, as I did inherit quite a mess.
However, look at what we just accomplished. I am confident we will have a lot
of fun traveling this journey together. Just remember, no one gets left
behind!”
Oriens
Travel & Hotel Management Corp. centers its efforts on operating hotels and
resorts in the United States and Central America under the Hotel PURE brand.
The company also runs Friendly Reservations Online, a proprietary online
booking system created to execute reservations capture through Hotel PURE
consumer websites, as well as individual hotel websites operated by Oriens on
behalf of hotels branded under the Hotel PURE brand.
For more
information on the company, visit www.orienscorp.com
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