WSGF - Vaycaychella Finalizes Terms To Purchase Building In Puerto Rico - Closing Expected Monday December 7th, 2020
December 03 2020 - 10:30AM
InvestorsHub NewsWire
Vaycaychella To Acquire Historic Building
In Puerto Rico Further Extending Short-Term Rental Market
Reach
Dallas, TX -- December 3, 2020 --
InvestorsHub NewsWire -- World Series of Golf, Inc. (USOTC:
WSGF) (“WSGF”), through its sharing economy technology
subsidiary serving the short-term rental market, Vaycaychella,
today announced finalizing terms for the pending acquisition of
historic building in Old San Juan, Puerto Rico. Once
refurbishment is completed, the building will include three
short-term rental units available on sharing economy apps like
Airbnb, VRBO and Booking.com. The purchase of the Old San
Juan property is expected to close on Monday, December
7th, 2020.
Last week, Vaycaychella 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.
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.
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.
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.
WSGF
Contact:
William “Bill” Justice
bill@vaycaychella.com
(800) 871-0376