PALM BEACH, Florida, November 29, 2016 /PRNewswire/ --
For the first time in over six years, the occupancy rates in hotels across the United States is falling as travelers are turning to more unique alternative options for both convenience and enhanced luxury. Active Companies in the building & travel industry this week include: Global Boatworks Holdings Inc. (OTC: GBBT), Expedia Inc. (NASDAQ: EXPE), The Priceline Group (NASDAQ: PCLN), Toll Brothers, Inc., (NYSE: TOL) and PulteGroup, Inc. (NYSE: PHM).
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.
DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated one thousand nine hundred dollars for news coverage of the current press release issued by Global Boatworks Holdings Inc. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.
Media Contact email: [email protected] , +1-561-325-8757