VAYK Announces Structured Acquisition of $5 Million Registered Landmark Property with 24 Month Plan to Acquire $20 Million in Short-Term Rental Properties
- VAYK enters an exclusive agreement to operate a registered landmark property for short-term rental and incrementally acquire a majority interest.
- The property's current value is $2.5-3 million, expected to reach $5 million after renovation.
- Revenue projections for the short-term rental operation range from $500,000 to $700,000 annually.
- VAYK plans to accumulate over $20 million in domestic short-term rental properties in the next 24 months.
- Atlanta, Georgia, selected as a strategic location due to its tourism economy and busy airport.
- Deal structured to minimize upfront capital expenditures for VAYK through a rolling acquisition model.
- VAYK to expand its management team to support the domestic market focus.
- The company is incentivized with a 20% sweat-equity reward and may earn majority ownership through specific milestone tasks.
- None.
VAYK Plans to Amass
Vaycaychella recently announced an updated business strategy concentrating the company's recourses on the
The property is located in downtown
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
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; +1 972-658-5365
SOURCE Vaycaychella, Inc.