News for the Hospitality Executive
LAS VEGAS, NV--(March 3, 2011) - Oriens Travel and Hotel Management Corp. (PINKSHEETS: OTHM), the Next Generation Hotel Brand operator, announced that the company has added five new properties to its portfolio during this past February, each to be flagged and operated under its Hotel PURE brand (www.HotelPURE.com).
"As a boutique international hospitality company, we are extremely excited about our February additions," stated Ken Chua, President and CEO of Oriens. "Our business model is beginning to garner increased interest within the hotelier space and certainly amongst real estate investors."
A relative newcomer to the industry, Oriens signed its first hotel in November of 2007, only three months after opening the company's doors. Currently representing over 30 properties, the addition of five new properties in a single month appears to give strong indication of the explosive growth potential of Oriens' Hotel PURE brand.
"We are already in contract negotiations with six other hotel properties for this month and have good indication that each prospect will close accordingly," Mr. Chua continued. "What's more exciting is that one of these properties is likely to become more than just a hotel we flag and manage. Real estate ownership of our managed properties is where our sights ultimately lay, and we are now correctly positioned to acquire our first million dollar property."
"Our model is agile and unique. We have the ability to quickly identify and purchase hotel properties at significant discounts, then flag and manage them. The real estate investment community is now becoming aware of this, and it is only a matter of time before we will be purchasing many of the hotels we sign on to the Hotel PURE Brand," concluded Mr. Chua.
About Oriens Travel and Hotel Management Corp.
Oriens Travel and Hotel Management Corp 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 On-Line, a proprietary and sophisticated on-line booking and payment system designed for executing reservations capture through Hotel PURE consumers facing website as well as individual hotel website operated by Oriens on behalf of hotels branded under the Hotel PURE brand. Oriens is based in Las Vegas, Nevada.
Corporate website: www.Orienscorp.com
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.
Oriens Travel and Hotel Management Corp.,