Oriens' Hotel PURE Portfolio Expands with Five New Properties Added to the Brand in the Last 30 Days

  • Oriens Travel and Hotel Management Corp.
  • 03.07.11
Oriens Travel and Hotel Management Corp. (PINKSHEETS: OTHM), 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.

"As a boutique international hospitality company, we are extremely excited about our February additions," said 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," Chua added. "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," said Chua.

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