Hotel PURE Luxury B&B Brand Gains Traction in North America With 20% Immediate Signups – 50% Rise in Prospects
LAS VEGAS, Nov. 3, 2011 (GLOBE NEWSWIRE) – Oriens Travel and Hotel Management Corp. (OTCBB- OTHM.PK)www.OriensCorp.com, operator of the Hotel PURE brand (www.HotelPURE.com), announced that its Luxury Bed & Breakfast prospects have increased to 30 plus, with nearly 20% of those properties having signed on to carry the Hotel PURE flag.
“We see the luxury Bed & Breakfast (B+B) space as an overlooked market,” stated Mr. Ken Chua, President and CEO of Oriens Travel and Hotel Management Corp. “A growing trend in North America, luxury B+B’s are cropping up everywhere as travelers are determined to find less expensive accommodations without giving up comfort. The specific properties we target to be part of our brand are extremely high end multi-million dollar properties.”
Management says that the B+B’s they target are glamorous homes that begin in the $1 million dollar range. The properties are large, modern, stylish and well decorated.
As it relates to revenues, Mr. Chua states, “A singular property is in no way as lucrative as a 180 room property like the one we plan on integrating in Orlando, or even the 50 room beach property we’re closing in California. However, with each luxury B+B property generating a yearly revenue in the low six figures, our revenues, if spread across 20, 30 or maybe 40 of these property types, could add an additional seven figures to Oriens’ bottom line. We intend to grow our Hotel PURE Luxury B&B brand with between 20 and 25 new luxury properties by year’s end.”
With these B+B additions, Oriens continues to experience faster than anticipated growth in hotel flag acquisitions. If successful with all of its new acquisition prospects by the end of this Q4, Oriens will have secured close to 70% of its 2012 target number (100 hotels flagged, owned, operated and/or managed under the Hotel PURE brand) — theoretically, positioning the company to surpass 100 hotels during 2012.
Management is extremely confident in their ability to grow Oriens’ portfolio quickly — possibly closing out 2011 with nearly 70 properties being flagged, operated and/or managed under its Hotel PURE brand.
About Oriens Travel & Hotel Management Corp. (www.orienscorp.com) (PINKSHEETS: OTHM.PK - News) engages in the operation of hotels and resorts primarily in the United States and Central America under the Hotel PURE brand. The company also operates Friendly Reservations Online, a proprietary and sophisticated online booking system designed to execute reservations capture through Hotel PURE consumer facing websites, as well as individual hotel websites operated by Oriens on behalf of hotels branded under the Hotel PURE brand. Oriens is based in Las Vegas, Nevada. For more information visit their corporate fact sheet:http://orienscorp.files.wordpress.com/2011/10/othm-fact-sheet.pdf. You can also visit the company’s corporate blog at http://orienscorp.wordpress.com/.
Safe Harbor Statements in this news release that are not historical facts, including statements about plans and expectations regarding products and opportunities, demand and acceptance of new or existing products, capital resources and future financial results are forward-looking. Forward-looking statements involve risks and uncertainties which may cause the Company’s actual results in future periods to differ materially from those expressed. These uncertainties and risks include changing consumer preferences, lack of success of new products, loss of the Company’s customers, competition and other factors discussed from time to time in the Company’s filings with the Securities and Exchange Commission.
http://finance.yahoo.com/news/Oriens-Luxury-Bed-Breakfast-pz-47729993.html?x=0&.v=1
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