Metrospaces, Inc. (PINKSHEETS: MSPC) today announced it has reached an agreement with local Buenos Aires realtor Ambiente 23 to list online, market and manage up to 400 portfolio apartments in Buenos Aires.
Metrospaces President Oscar Brito said, "This is a very exiting deal for use since it gives Ubervisit.com (www.ubervisit.com) enough inventory to reach profitability in a much quicker time than we had forecasted. Our agreement gives us access to up to 400 apartments currently being marketed and managed by Ambiente 23. We will likely only pick about 130 since we will be very choosy about the properties we bring into our network. On average, we expect to charge about $80-$120 per night, and the occupancy rate should exceed 60% on average. Our commission is a flat 20%. Therefore, the numbers look very favorable. We will also be looking to add specialized personnel and senior management to the division. We fully expect to grow this division in the next 3-4 years to the point where it can be an entity on its own. We will be looking to bring in top talent to help us achieve that goal. We see a very unserved market in short-term stay apartments where the biggest players are more concerned at being a payment and listing network, rather than offering full turn-key solutions to the market. We want to make our clients feel like they are getting a full hotel experience, but while at home. This is one of the hospitality industry's hottest growth spots. We intend to be a very important part of it. Players like Airbnb and Homeaway have proven how much this industry is transforming. However, the industry needs more complete solutions for apartment owners and users; that's where we intend to be."
The company will launch their service starting July 15th, in Caracas and Buenos Aires. 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.