Oriens Travel & Hotel Management Corp. (OTHM) on Track with Acquisition Strategy
Oriens Travel & Hotel Management Corp. announced today that it has formally started the process involved in financing the Jaco Beach acquisition while its Costa Rican partners have begun drawing down capital from traditional, non-toxic, asset based capital resources. It was reported that management will pursue financing in a two-part strategy - seeking traditional asset back financings to bridge capital and to secure larger long-term equity based financing. "Acquiring properties comes with a number of expenses; costs we have diligently looked to cover with the least amount of impact on the market," stated Ken Chua, President of Oriens Travel &…