World Series of Golf, Inc. (OTC Pink: WSGF) ("WSGF"), through its sharing economy technology subsidiary serving the short-term rental market, Vaycaychella, today announced adding a boutique hotel in the Caribbean to its portfolio of short-term rental properties available on sharing economy apps like Airbnb, VRBO and Booking.com. Sharing economy apps are taking an increasing share of the $32 billion Caribbean vacation market.
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In January of this year, as the result of efforts launched earlier in 2019, WSGF acquired a business named Vaycaychella. Vaycaychella originated operations in 2017 serving the short-term vacation rental market. Vaycaychella's mission is to serve short-term vacation rental owners and investors with a peer-to-peer (P2P) investment application (app). Vaycaychella plans to introduce additional apps that serve short-term rental owners and investors by, for example, providing discounted access to rental amenity supplies, on demand maintenance services, insurance, security and international banking and credit card processing.
Vaycaychella built a pilot client base serving a Caribbean based vacation property owner with 10 beachfront community vacation homes currently under management. Vaycaychella has financed the property owner to acquire and refurbish the 10 premium properties.
Since launching the Vaycaychella website earlier this year, Vaycaychella has added additional properties to its short-term rental portfolio spanning the Caribbean from Mexico to Puerto Rico to include properties in Cuba.
The boutique hotel business announced today will operate in a former mansion located in the Havana, Cuba residential community of Miramar. The six-room hotel includes a restaurant and night club. Vaycaychella is financing the Canadian host to refurbish the building. The boutique hotel is anticipated to open by the summer of 2021.
In the coming days, Vaycaychella will begin beta testing for its P2P investment app to more widely connect prospective vacation property owners with would be investors. Look for an announcement coming soon asking to sign-up willing participants to test the beta software.
Vaycaychella is excited to time the launch of its P2P investment app with the coming Airbnb $30 billion IPO. Airbnb has the potential to be a global, seismic economic event spotlighting the unprecedented, and until now, largely untapped potential of the sharing economy. Airbnb has more rooms to rent (7 million) than the five largest hotel operators combined (4.3 million) - Marriott, Hilton, Intercontinental Wyndham and Hyatt.
In short, the advent of sharing economy technology like Airbnb, Uber and we like to think, Vaycaychella apps, empowers everyday individuals around the world to combine their personal resources (homes, cars, savings and talent for example) under a single organized business, that can compete with if not dominate any traditional Fortune 500 competitor.
To learn more and keep up with the latest updates, visit https://www.vaycaychella.com/. At the company website, you will find a blog with frequent industry publications on the short-term rental market in general, as well as entries specific to Vaycaychella.
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
William "Bill" Justice
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/68861