Hawaiian Hospitality Group Increases Sales by Expanding Services, Offering a Wider Range of Events
18 March 2011 - 10:30PM
Marketwired
Hawaiian Hospitality Group, Inc. (PINKSHEETS: HHGI), a growing
provider of sustainable land use solutions and event services, is
pleased to report a significant increase in event sales for its
eco-friendly Loulu Palm Estate destination property. To date,
Hawaiian Hospitality Group has booked eighty-five events for 2011
and twelve for 2012. While maintaining a focus on high end
weddings, the Company is achieving growth by broadening the range
of services and types of events offered to include corporate
events, VIP parties, class and family reunions, luaus, civil
ceremonies and birthday celebrations. Hawaiian Hospitality Group
expects to continue to increase bookings, sales, services and
revenue this year.
Linda Kress, CEO of Hawaiian Hospitality Group, commented:
"Event bookings and profit margins are increasing for Hawaiian
Hospitality Group as we focus on both marketing and operational
efficiency at Loulu Palm Estate, our premier venue for weddings and
other special occasions on Oahu's famed North Shore. We have chosen
to expand our focus to include high margin events in addition to
weddings. We expect to drive further sales increases this year as
we expand into new types of events and pricing structures."
Hawaiian Hospitality Group focuses on sustainable development
and commercial operation of previously inaccessible parcels of
coastal Hawaiian land, negotiating workable development agreements
and conservation easements that include native habitat and
ecosystem restoration along with unique, eco-friendly recreational
opportunities. Loulu Palm Estate is the Company's flagship
development project. It serves as an excellent example of green
building practices, respect for the land, environmentally conscious
operations and harmony with Hawaii's treasured natural
resources.
Hawaiian Hospitality Group's Loulu Palm Estate property began
operations in 2009 as a destination wedding site and nature park
with immediate cash flow from venue fees and event services.
Strategically located just 30 minutes from downtown Honolulu, the
property has become an increasingly popular venue for weddings and
corporate events as well as a film and production location. The
eco-friendly site is operated and maintained to maximize energy
efficiency and minimize impact on the land and water.
About Hawaiian Hospitality Group, Inc.
Hawaiian Hospitality Group, Inc. (PINKSHEETS: HHGI) is a growing
provider of sustainable land use solutions and event services. The
company draws on environmental engineering expertise to identify,
design, develop and operate destination sites that provide
environmental and commercial revitalization for Hawaii's coastal
properties. Hawaiian Hospitality Group employs innovative
approaches to land use that create profitable enterprises while
restoring and preserving the beauty and natural resources of the
Hawaiian Islands. The company generates revenue from venue fees,
catering services, wedding planning and other services on the
destination sites it develops, maximizing value while minimizing
the ecological footprint of its operations.
This Press Release may contain certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. HHGI has tried, whenever possible, to identify
these forward-looking statements using words such as "anticipates,"
"believes," "estimates," "expects," "plans," "intends," "potential"
and similar expressions. These statements reflect HHGI's current
beliefs and are based upon information currently available to
it.
Accordingly, such forward looking statements involve known and
unknown risks, uncertainties and other factors which could cause
the HHGI's actual results, performance or achievements to differ
materially from those expressed in or implied by such statements.
HHGI undertakes no obligation to update or advise in the event of
any change, addition or alteration to the information catered in
this Press Release including such forward-looking statements.
Contact: Hawaiian Hospitality Group, Inc. Investor
Relations 1-888-344-4933 info@hawaiianhospitalitygroup.com
www.hawaiianhospitalitygroup.com
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