News for the Hospitality Executive
LAS VEGAS, Nov. 7, 2011 -- Oriens Travel and Hotel Management Corp. (OTHM.PK) www.OriensCorp.com, announced today that the company has added Santa Cruz beach hotel to its rapidly growing portfolio of properties flagged, owned, operated and/or managed under its Hotel PURE brand (www.HotelPURE.com).
"As a boutique international hospitality company, we are extremely proud of each new domestic hotel we add to the Hotel PURE brand,"
stated Ken Chua, President and CEO of Oriens Travel and Hotel Management Corp. "The Santa Cruz property not only increases our overall portfolio size but contributes to our growing domestic holdings while offering the Hotel PURE brand greater visibility to the public at large."
Integration of the Santa Cruz property is expected to be completed within 60 days. This property could possibly generate yearly revenues of between $50,000 and $80,000 for Oriens beginning in 2012.
On average, Oriens has experienced growth of 238% per year between 2007 and 2010. Eighteen new hotel properties have been added to the Hotel PURE brand Year-to-date, including this Santa Cruz beach front property. It is anticipated that within 2012, Hotel PURE will maintain
100 hotels within its portfolio of branded properties. Known for an advanced internet hotel booking technology and specialized marketing services offered to boutique hotel owners, Oriens appears to be on track to outpace the growth of the past 26 months.
People close to the company continue to suggest that growing the portfolio this quickly is well within the company's reach. Oriens is currently engaged in discussions with a 180 room destination hotel in Orlando, FL as well as with over 20 additional luxury Bed & Breakfast locations [in addition to six B+B's recently added] -- all pending execution during Q4. If these properties are successfully integrated by December 31, Oriens will have secured close to 70% of the 2012 target number by year-end 2011.
About Oriens Travel & Hotel Management Corp. (www.orienscorp.com)
(PINKSHEETS:OTHM) 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
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.
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