Oriens Travel & Hotel Management Corp. (OTHM) Poised to Capi Oriens Travel & Hotel Management Corp. (OTHM) Poised to Capitalize on Costa Rica’s ‘Peak Season’
Oriens Travel & Hotel Management Corp., the Next Generation International Hotel Brand Operator which recently merged with E-Network de Costa Rica SA (“E-Net”), has announced that beginning in November of this year it plans to launch a primary revenue generating initiative involving vacation rentals. Oriens will soon be known as Pure Hospitality Solutions, Inc. (pending FINRA approval).
Company management anticipates being able to take advantage of Costa Rica’s ‘Peak Season’ which runs November through March. The timing is likely to give Pure Hospitality Solutions the ability to rent its Bahia Encantada units immediately and thereby generate revenues without delay. Management’s position is that they will aggressively begin marketing the Bahia Encantada portfolio within the next 10 days, renting its luxury resort type condominium units through traditional property advertising sources.
Melvin Pereira, CEO of Oriens noted, “Tourism during the peak season is one of the most lucrative times for vacation rentals at Jaco Beach. Having actively participated in the development and deployment of rental programs and strategies for hundreds of Jaco Beach condominium units over the past five years, I am confident in assuring our stakeholders, that as long as the market continues to show strength, Pure Hospitality Solutions will book revenues in the fourth quarter from vacation rentals.”
OTHM anticipates renting all of its currently owned Bahia Encantada units including those that fall under the terms of its acquisition arrangement. With experienced rental agents, Oriens will not yet look to rent any of the few condos outside of its purview with its FROL (Friendly Reservations Online) booking engine.
Further commenting, Mr. Pereira said, “Slow and steady wins the race and that is exactly how we will proceed forward. First, we will nibble at the low hanging fruit — peak season vacation rentals. These revenues will ensure that the Company’s operations can fund itself. Then, we take down the larger prey — condominium sales. These revenues will substantiate and increase the Company’s restructured values.”
Oriens Travel & Hotel Management is actively involved in the operation of hotels and resorts primarily in the United States and Central America under the Hotel PURE brand. Other strategic business activities involve the operation of Friendly Reservations Online, a proprietary 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.
For more information on the company visit www.orienscorp.com
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