Global Boatworks Holdings Inc. (OTC: GBBT) Nears Completion of Flagship Luxuria Class Vessel - Vessel to add over $1M in Asset Value with Sales Price Expected at $1.5M; $1,000-1500 per day as a Rental - The "Luxuria" is currently under construction at the Lauderdale Marine Center in Fort Lauderdale, FL. The total square footage of the complete vessel will be 1966 feet. The hull as well as both floors are framed out. As of our latest production schedule, completion dates for individual milestones are as follows: - Interior doors and hardware completion by end of first week in December. Cabinets and electrical work to be completed by the end of the third week of December. Decks and railing first week in January, 2017. Flooring, glass and tile work to be complete by mid-January. - Engines for the Luxuria will be installed last which is slated to occur 25 January, 2017. Completion and Documentation is expected to occur on or before 26th January, 2017. Read this full Press Release and more news for GBBT at: http://marketnewsupdates.com/news/gbbt.html
Sales price of the Luxuria class luxury floating vessels will be in the $1.5 million range. The units are expected to rent for $1,000-1,500 per night. Each vessel will have 1,600 square feet of air-conditioned luxury living space and amenities which is far greater than comparable hotel rooms, which rent for the same price in the local area. Rates will be higher for special event occasions and holidays as well as a higher rate for the winter months. Bob Rowe, CEO of Global Boatworks stated, "We are pleased to be on track for completion of our first Luxuria class luxury living vessel by late January."
Rowe continued, "The Luxuria will enable us to add over one million dollars in asset value and at the same time, we expect it to be more than just an asset on the books; it will be an income producer. The sale of the Miss Leah, in Boston will enable us to get a running start on construction of the second Luxuria class vessel." The Luxuria is the first of two flagship and showcase vessels to be constructed in South Florida. The Luxuria class vessels feature: Floor-to-ceiling windows; a chef-quality kitchen; two bedrooms with a spacious master suite; spa-like bathrooms; big-screen TV; two large decks; and two outboard engines. These will be docked in the exclusive marinas in South Florida and offered for sale and short-term rentals for vacationers, business travelers, and special events
In other travel industry news and happenings:
Expedia Inc. (NASDAQ: EXPE), one of the world's largest full service online travel sites, recently released the results of the 2016 Expedia Vacation Deprivation® report, an annual study of vacation habits among employed adults in North America, South America, Europe, and Asia. The study, conducted on behalf of Expedia by Northstar, found that America again trails much of the world in work-life balance on the metric of paid vacation. Americans received 15 paid vacation days from their employers in the past year, and took only 12. With three days unused, this means American workers effectively failed to take approximately 375 million paid vacation days within the past year.*
Booking.com experts, part of the The Priceline Group (NASDAQ: PCLN), inspired by a wealth of data, traveller endorsements, reviews, preferences and insights as well as industry leading understanding and innovation in e-commerce travel technology, shed light on 8 major travel predictions for 2017. Read the full article at http://finance.yahoo.com/news/8-big-travel-predictions-2017-130000546.html
In building industry news and developments:
Toll Brothers, Inc., (NYSE: TOL), the nation's leading builder of luxury homes, through its wholly-owned TBI Mortgage subsidiary, recently announced it had finalized a new $210 million mortgage warehouse facility. The facility increases the existing $150 million mortgage warehouse facility, and extends its maturity to October 2017. Comerica acted as administrative agent, with BB&T and Flagstar participating in the facility.
PulteGroup, Inc. (NYSE: PHM), will present at the Citigroup's 2016 Basic Materials Conference on this week on Wednesday, November 30, 2016, at 10:15 am (ET). Interested investors can access the webcast of PulteGroup's presentation by logging onto the Company's website at http://www.pultegroupinc.com and selecting the webcast banner on the home page. Participants are encouraged to log on at least five minutes prior to the start of the presentation.
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