Oriens Travel & Hotel Management Corp., the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand, announced on Friday, January, 24, 2014, that OTHM and Hundley Associates Costa Rica SRL (“Hundley Associates”), has executed an LOI to proceed with the completion of a merger/acquisition of various Hundley Associates’ assets including: a finished condo hotel property, maintenance contract and land developments — all told, representing millions of dollars in value.
“This is simple,” stated Ken Chua, President of Oriens Travel & Hotel Management. “With hard assets, an income stream and extremely valuable future real estate developments, the future growth and success of Oriens has fundamentally shifted. High level experts and over 20 years of experience accompany this transaction as Mr. Hundley and top executives will infuse highly efficient and successful management processes into this company. We expect that Oriens will not only come to build upon the successes of Mr. Hundley, but will morph into a formidable competitor in hotel development, management, and, online booking.”
Management indicated that project finance meetings have steered investment opportunities toward $20 Million. Short term capital opportunities have also been unveiled as last week’s roadshow resulted in multiple offers to secure initial financing to support management’s immediate efforts.
Mr. Chua continued, “Nothing has changed. We are still keenly focused on completing our ‘house cleaning’ matters — achieving current filer status being a top priority. However, with the additional funding, we now have the ability to bring on those professionals needed to ensure that Oriens is in top shape when the time comes to welcome the completion of this merger/acquisition, the audit, and, a substantial capital raise.”
“We believe, we are now well on our way.”