VAYK Announces Structured Acquisition of $5 Million Registered Landmark Property with 24 Month Plan to Acquire $20 Million in Short-Term Rental Properties
15 Fevereiro 2024 - 11:00AM
InvestorsHub NewsWire
Dallas, TX -- February 15, 2024 --
InvestorsHub NewsWire -- Vaycaychella, Inc. (OTC
Pink: VAYK) ("VAYK") today announced entering into an exclusive
agreement to operate a domestic, registered landmark property as a
short-term rental and to incrementally acquire a majority interest
of the property on sweat equity and specific milestone performance
terms. The property currently has a value of
approximately $2.5 million to $3 million. After the completion of the renovation already
underway to convert the property into a boutique, multi-unit
short-term rental operation, the market value is anticipated to
reach at least $5 million. Vaycaychella management projects that
the short-term rental operation may generate revenue from $500,000
to $700,000 annually.
VAYK
Plans to Amass $20 Million in Short-Term Rental Properties within
24 Months
Vaycaychella recently announced an
updated business strategy concentrating the company's recourses on
the $64
billion domestic, short-term rental market. The agreement announced today is the company's
first step toward a goal of amassing more than $20 million in
domestic short-term rental properties over the next 24 months, in
metropolitan areas of USA. For the following acquisitions, the
company will focus on both properties that may generate instant
revenue, and those that may require renovation.
Atlanta
to Become a Beachhead of VAYK Domestic Business
The property is located in downtown
Atlanta, Georgia, on arguably the busiest street of the city, the
Peachtree Street. According to a report
by researchers from Georgia State University, Atlanta is the 8th largest tourism economy in
the country, hosting 48 million visitors annually who spend over
$25 billion. Atlanta's Hartsfield Jackson International Airport has
been the busiest airport in the world for many years through 2022,
according to the latest report from the Airports Council
International (ACI).
Rolling
Acquisition Leading to Majority Equity Ownership
The deal announced today is
structured to enable Vaycaychella to minimize its upfront capital
expenditures. Under the terms of the agreement, Vaycaychella will
renovate the property and implement a revenue generating short-term
rental operation. Vaycaychella is incentivized with a 20%
sweat-equity reward based on the aforementioned operation missions.
Ultimately, Vaycaychella is entitled to earn a majority interest in
the property with over 50% equity by fulfilling specific milestone
tasks.
With its equity share, Vaycaychella
will receive earnings distributions from the short-term rental
operation proportional to its percentage of ownership in the
property.
In the event the property is sold
prior to Vaycaychella acquiring a majority interest, Vaycaychella
will receive a distribution from the sale proportional to its
ownership interest.
Management
Expansion
In connection with the acquisition
announced today, Vaycaychella is expanding its management team to
support its domestic market focus and may soon announce the
addition of new managers.
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.
VAYK Contact:
Contact@Vaycaychella.com
Vaycaychella (PK) (USOTC:VAYK)
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