$MPSC $0.0006 had nice PR last week, on watch. Metrospaces Acquires Lake-Front Lot on the Correntoso Lake in the Argentinean Patagonia for a 45-Room Hotel
http://finance.yahoo.com/news/metrospaces-acq...00142.html
MIAMI, FL--(Marketwired - Feb 18, 2016) - Metrospaces, Inc. (OTC PINK: MSPC) announces acquisition of lake-front lot to build a 45-room luxury boutique hotel for $500,000 in long-term preferred stock.
Mr. Oscar Brito, Company CFO, stated: "With this acquisition, Metrospaces continues in its plan to acquire and develop world-class hotels in some of Latin America's most prestigious tourist sites. Lake Correntoso is located in Villa la Angostura, in the heart of the Argentinean Patagonia, thus giving us a hotel location is one of the hottest growing and breathtaking luxury destinations in the world, the Argentinean Patagonia. The plan is to develop a 45-room luxury boutique hotel. We expect to start architecture planning immediately, and look to obtain full planning approval within 10 months, at which time we will begin construction and development. This acquisition is being paid with non-recourse, long-term preferred stock, so it will be added to the company's net assets, thus creating additional shareholder value for our shareholders."
For images on the property and Lake Correntoso: https://db.tt/6TGBfRkP
For a company Fact Sheet: https://db.tt/RojE1mC5
Other company highlights:
JV Agreement with Prohotels of Argentina: In its refocusing of the company's business plan to hotel development, Metrospaces has executed a JV Agreement with Prohotels (http://www.prohotels.com/). This partnership gears itself perfectly with the company's development and financing skills. This agreement calls for the development of 4 new hotels in the coming 3 years. It is a testament to our business plan execution.
Other Projects: The Company will continue to make a strong focus on building a chain of hotels, aimed at niche markets. In particular, we are looking at the possible acquisition of a 100% interest in another lot in the Orinoco Oil Belt region. Additionally, we are in talks to acquire 2 operating hotels.
Again, we want to thank all our new shareholders for taking an interest in our story and have given us the chance to be where we are at! We will continue to work very hard to make your investment in our company a success, and have very high expectations for 2015 and beyond!
http://finance.yahoo.com/news/metrospaces-acq...00142.html
MIAMI, FL--(Marketwired - Feb 18, 2016) - Metrospaces, Inc. (OTC PINK: MSPC) announces acquisition of lake-front lot to build a 45-room luxury boutique hotel for $500,000 in long-term preferred stock.
Mr. Oscar Brito, Company CFO, stated: "With this acquisition, Metrospaces continues in its plan to acquire and develop world-class hotels in some of Latin America's most prestigious tourist sites. Lake Correntoso is located in Villa la Angostura, in the heart of the Argentinean Patagonia, thus giving us a hotel location is one of the hottest growing and breathtaking luxury destinations in the world, the Argentinean Patagonia. The plan is to develop a 45-room luxury boutique hotel. We expect to start architecture planning immediately, and look to obtain full planning approval within 10 months, at which time we will begin construction and development. This acquisition is being paid with non-recourse, long-term preferred stock, so it will be added to the company's net assets, thus creating additional shareholder value for our shareholders."
For images on the property and Lake Correntoso: https://db.tt/6TGBfRkP
For a company Fact Sheet: https://db.tt/RojE1mC5
Other company highlights:
JV Agreement with Prohotels of Argentina: In its refocusing of the company's business plan to hotel development, Metrospaces has executed a JV Agreement with Prohotels (http://www.prohotels.com/). This partnership gears itself perfectly with the company's development and financing skills. This agreement calls for the development of 4 new hotels in the coming 3 years. It is a testament to our business plan execution.
Other Projects: The Company will continue to make a strong focus on building a chain of hotels, aimed at niche markets. In particular, we are looking at the possible acquisition of a 100% interest in another lot in the Orinoco Oil Belt region. Additionally, we are in talks to acquire 2 operating hotels.
Again, we want to thank all our new shareholders for taking an interest in our story and have given us the chance to be where we are at! We will continue to work very hard to make your investment in our company a success, and have very high expectations for 2015 and beyond!
