LOS ANGELES, CA--(NewMediaWire - Jan 9, 2017) - ASAP
International Holdings ("ASAP") (OTCQB: ASAE)
announced today that it has successfully acquired The Renaissance
Woodbridge Hotel located in 515 US-1, Iselin, NJ 08830 which closed
on November 15, 2016.
Situated between Edison and Woodbridge Township, the Iselin, New
Jersey hotel is surrounded by popular attractions including Menlo
Park Museum, Rutgers University and Newark International Airport
only 15 minutes away. The dynamic sights and sounds of New York
City are just a short train ride away.
"We are excited to transform the hotel into a world-class
destination. The Renaissance Woodbridge Hotel is strategically
located for convenience to both leisure and corporate guests," said
Frank Yuan, CEO of ASAP. "We believe spending some money for a
renovation will truly benefit the asset and surrounding
businesses." Added by Yuan, "ASAP was excited to work with the team
at RealCrowd to bring efficiency to our capital raising process. In
addition to raising capital from our existing stable of investors,
we were able to raise additional equity from new investors through
RealCrowd."
It was a pleasure to work with Frank, Jerome and their staff at
ASAP on the Renaissance Woodbridge opportunity, and our investor
base proved to agree. ASAP was able to raise a substantial amount
of equity utilizing our technology, one of the largest raises ever
for a hospitality project in the US through an online platform. We
look forward to working with them on many more deals in the
future.
CEO Frank Yuan and CIO Jerome Yuan led the ASAP team on
transactions. ASAP is one of the most active hotel buyers in the
U.S. For the past five years, the company has constantly identified
hotels and will remain active on the hospitality buy side for the
foreseeable future.
About RealCrowd
Built by real estate experts in combination with the best talent
found only in Silicon Valley, RealCrowd is the most efficient way
to invest in professionally managed commercial real estate. Our
real estate team has over $7 billion of real estate transaction
experience ranging across all property types. More information
at https://www.realcrowd.com/
About ASAP
ASAP is a holding company that operates real estate, investment
banking and consulting for Chinese companies. Our mission is to be
the bridge between China and the Western world. Our Real Estate
division assists with institutional and high net worth individuals
with acquisition advisory and asset management. Corporate
website www.asapholdings.com
With the exception of historical information, the matters
discussed in this news release include "forward-looking statements"
within the meaning of the federal securities laws that are
qualified by cautionary statements herein and in all company's
filings with the Securities and Exchange Commission. We
undertake no obligation to update any forward-looking statement to
conform the statement to actual results or changes in our
expectations.