LAS VEGAS, Nov. 15, 2011 (GLOBE NEWSWIRE) -- Oriens Travel and Hotel Management Corp. (OTC - OTHM.PK), www.OriensCorp.com, announced today that its rapidly growing portfolio of properties flagged, operated and/or managed under its Hotel PURE brand (www.HotelPURE.com) has added two additional Luxury Bed & Breakfast properties to the brand, securing 52 properties within the company's portfolio.
"Once again, we see the luxury Bed & Breakfast (B+B) space as an overlooked market," stated Mr. Ken Chua, President and CEO of Oriens Travel and Hotel Management Corp. "Travelers want less expensive accommodations without giving up comfort. Our high end multimillion dollar homes begin at $1 million dollars, offering large and modern, well decorated and stylish accommodations."
Currently, there are approximately 20 additional luxury B+B properties which can potentially come under the Hotel Pure brand. Management is confident the company will sign on at least half of these properties before year end.
Mr. Chua continued, "With as little as 25 properties or so, the luxury B+B brand can potentially establish a very healthy revenue source for 2012. Going into the New Year with at least 20 of these property types under the flag can only help Oriens in building potential shareholder value."
Management emphasizes that the company continues to focus on more sizable opportunities – like the recent addition of the Santa Cruz (CA) beach front property or the pending 180 room destination hotel in Orlando, FL. The Orlando property is expected to begin full integration within the month.
Oriens Travel & Hotel Management Corp. (www.orienscorp.com) (PINKSHEETS: OTHM) 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: http://orienscorp.files.wordpress.com/2011/11/othm-fact-sheet1.pdf
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