UCASU
Launches
Hotal
Service
to
Build
Market Entry Barrier for
Its $60 Billion
Airbnb-based
Strategy
Atlanta,
GA -- November 23, 2020 -- InvestorsHub NewsWire
-- UC
Asset LP (OTCQX:
UCASU) announces
today
it has
completed
the registration of another
new
subsidiary, Hotal
Service
LLC,
to devote to its Airbnb-based
innovative
property investment strategy.
The
company has also started to trademark its marketing tagline "It's
not a hotel, it's HOTAL" with the United States Patent and
Trademark Office to legally protect its innovative business
strategy and build up a market entry barrier.
Earlier
last month, UCASU has acquired the domain name "theHotal.com" to be
used launching its "home-office for traveling and lodging"
service.
"Our
new
investment strategy
will
be executed with two facets." Explains Greg Bankston,
managing
general partner of UC Asset, " We
have established SHOC
holdings
LLC, which will service as the property acquisition and holding
arm, aims
to acquire a cluster of distressed residential properties in
communities nearby major
airports,
renovating them
into modern
houses equipped with home-office
facilities,
and
holding those properties for long-term asset value
appreciation. (SHOC
is pronounced "shock" and is an acronym for Shared Home- Office
Cluster.)"
"One
the other hand, we have just established Hotal
service
LLC, which will act as the operating arm, to market
and
rent those
properties as
shared accommodations
on
platforms such as Airbnb, to
serve business travelers who prefer renting
a shared home-office
than
staying at a conventional hotel. And it
will focus on generating and improving near-term cash
inflow."
"Transition
from conventional office space to home offices is an inevitable
trend. NATIONAL
BUREAU OF ECONOMIC RESEARCH report stated
in June
2020 that
about
40% of both large and small firms expect that 40% or more of their
workers who switched to remote work. In
other words, at
least 16% of American workers will switch to working at home at
least 2 days/week permanently."
Bankston further
explains.
"The
shift from conventional
office space to home offices will
definitely change people's preference for lodging while
traveling. More
and more business traveler customers, who contribute $60 billion
annual to hotel revenues, will likely
choose
home-office style shared accommodations over conventional
hotels."
Projects Bankston.
The
new subsidiary, Hotal
Service
LLC, is
wholly owned by UC Asset the
same way as SHOC
Holdings LLC.
##
About UC Asset
LP
UC
Asset LP is a limited partnership formed for the purpose of
investing in real estate for development and redevelopment,
concentrating in metropolitan areas of Atlanta, GA and Dallas,
TX. For
more information about UC Asset, please visit: www.ucasset.com
Disclaimer:
This News Release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve known and unknown risks,
uncertainties and other important factors that could cause our
actual results, performance or achievements, or industry results,
to differ materially from any these statements. You are cautioned
not to place undue reliance on any those forward-looking
statements. Except as otherwise required by the federal securities
laws, we undertake no obligation to publicly update or revise any
forward-looking statements after the date of this news release.
None of such forward-looking statements should be regarded as a
representation by us or any other person that the objectives and
plans set forth in this News Release will be achieved or be
executed.
For More
Information Contact:
Christal Jordan |
Investor Relations Director, UC Asset LP
cjordan@ucasset.com |
678-499-0297