LAS VEGAS, Dec 12, 2011 (GlobeNewswire via COMTEX) –Oriens Travel and Hotel Management Corp. /quotes/zigman/479910 OTHM 0.00% OriensCorp.com , announced today that the integration schedule for its new Hotel PURE ( HotelPURE.com ) Santa Cruz beach hotel will be completed ahead of schedule.
“We certainly expected full integration to be completed by the turn of the new Year but never within the 2nd full week of this month,” stated Ken Chua, President and CEO of Oriens Travel and Hotel Management Corp. (OTHM). “To me, this is certainly an indication of our growing proficiency.”
upon completion, OTHM will have taken less than 45 days since the initial announcement of the Santa Cruz property — Nov. 7, 2011 — to fully integrate the California beach hotel into the Hotel PURE “Express” brand. Management suggest that the aptitude demonstrated here only acts as good practice for the company. With OTHM sights set on having upwards of 100 hotels completed during 2012, including integration of the larger 180 room destination hotel located in Orlando, Fl. (which acquisition is expected to be finalized by Christmas), the continued increase in proficient integration is happily welcomed.
Possibly adding between $50,000 and $80,000 to OTHM’s 2012 revenue, this hotel — Hotel PURE Pacific Inn — is just one of 20 hotel properties added during 2011 that “…should positively affect our bottom line dramatically in the upcoming year,” mr. Chua stated.
the Orlando destination hotel is anticipated to possibly strengthen 2012 revenues rather considerably. OTHM also continues to be engaged with many additional luxury Bed & Breakfast locations throughout North America. People close to the company anticipate at least four additional B+B’s to be added to the Hotel PURE brand by year end.
About Oriens Travel & Hotel Management Corp. ( orienscorp.com ) /quotes/zigman/479910 OTHM 0.00% 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: orienscorp.files.wordpress.com/2011/11/othm-fact-sheet1.pdf
Also see the Five Brands of Hotel PURE ( orienscorp.files.wordpress.com/2011/12/oriens-othm-hotel-pure-brands.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.
this news release was distributed by GlobeNewswire, globenewswire.com
SOURCE: Oriens Travel and Hotel Management Corp.
CONTACT: Team Oriens IR Div. (702) 483-0318
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
Recent Comments