Metrospaces, Inc. (OTC Pink: MSPC) (PINKSHEETS: MSPC) announces the launching of its online short-term apartment rental management service starting July 15th, 2014.
Metrospaces President Oscar Brito said, "We are extremely happy at being able to offer this service not just to our buyers in our real estate projects, but to 3rd party apartment owners that wish to rent out their property to tourist and business travelers. We expect that this service will serve as additional value to our buyers and make our offer much more compelling. Additionally, the online short-term apartment rental service is one of the fastest growing segments in the hospitality business. You are starting to see a market come together with only a few dominant players in the game still, such as Homeaway and Airbnb. However, the dominant players are looking at being more like a giant specialized listing service, with very little value added to the homeowners and users. That's where we will look to focus on, the complete turn-key solution to the market place. We will initially launch in Buenos Aires and Caracas, 2 cities that have a very robust short-term rental market, with very little professional players. Apartment rental prices are in average $80-$110 per unit, per night. We have forecasted to have at least 300 apartments under management within the next 12 months. This is a business that will go well with our real estate operation, but additionally has the potential to be a huge part of our overall."
The company will launch their service starting July 15th, in Caracas and Argentina. However, the beta site is up and running: www.ubervisit.com Company expects to offer the service in Miami and Bogota before end of year, and will look to expand to at least 8 other markets in the Americas in 2015. The company will have a very simple 20% flat commission on all rentals, and additionally the company will seek to generate revenue by added services such as transport, shopping and cleaning services to users.
Metrospaces www.metrospaces.net is a publicly traded real estate investment and Development Company which acquires land, designs, builds, and develops then resells condominiums and Luxury High-End Hotels, principally in urban areas of Latin America. The company's current projects are located in Buenos Aires, Argentina, and Caracas, Venezuela.
Six years ago Metrospaces shareholders saw a unique opportunity to participate in several exciting property markets around the world. Through their world-wide network of highly recognized real estate entrepreneurs, the company was able to capitalize on unique real estate development opportunities. Since Inception the company has leveraged those relationships along with extensive financial expertise and transformed excellence by results.
Metrospaces is a boutique real estate development company, a product of the alliance of Metrospace shareholders, along with an elite group of real estate professionals and entrepreneurs located around the world. Company shareholders have extensive careers in real estate financing worldwide, and have funded projects both in the America's and across Europe valued in excess of US $350Million.
Metrospaces' majority shareholders has partnered with Investors on Elite properties including The London BLVGARI 5 Star Hotel, and is currently involved in negotiations for the development of several Elite luxury properties in South America.
Among Metrospace partners are Architects, Real Estate Developers, Agents and Attorneys of the highest standing, with extensive experience in the global property market.
Metrospaces was originally founded by company President Oscar Brito.
Ubervisit www.ubervisit.com is an online short-term apartment rental management service. The service will be launched on July 15th, 2014 starting in Buenos Aires and Caracas, and quickly expanding to Miami and Bogota.
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Statements in this news release may be "forward-looking statements". Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Metrospaces Inc. undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.
SOURCE: Metrospaces, Inc.