ATLANTA, GA -- January 26,
2021 -- InvestorsHub NewsWire -- UC Asset (UCASU),
an Atlanta-based global real estate investment firm, announced that
its subsidiary, SHOC Holdings LLC, has developed a proprietary
architect design for its unique Shared Home-Office Community
(SHOC) properties.
This proprietary architect
design combines the comfort of a residential property
with the
convenience of a
business hotel meshed with the
hi-tech amenities
of a home office. The prototype
is a 5-bedroom
property, with each bedroom designed as an individual
business lodge equipped with
state-of-the-art home office
capabilities.
Each room can be rented individually as a conventional hotel room for
business travelers.
In comparison to conventional
hotel rooms, SHOC are equipped with home-office facilities
such as
hi-speed
internet, video conferencing, easy
access to office accessories such as printers and scanners, and
other tools to empower
today's
business
travelers. But it also presents the personalized
charm,
including home-style full-equipped kitchen, to serve travelers
with a
home office away from home.
"This is the first design of
its kind. We are pleased that our architect
has been able to
turn our
vision into a viable
blueprint." Says Greg Bankston, CEO of
SHOC Holdings LLC, "We're excited to begin on our
first design, and will continue
to create more
designs to accommodate
different lots
and environments."
SHOC, a wholly-owned investee
of UCASU,
will acquire and develop properties under UCASU's
Airbnb-based innovative
property investment strategy. The new strategy will focus
on home office technology for traveling professionals. SHOC
aims to
capitalize on a new industrial trend, i.e., the
switch of
business travelers from conventional business hotels to shared
accommodation via platforms such as Airnbnb
and
Vrbo.
UCASU's management projects a $60 billion market in the coming
years for this new trend.
"It is a
revolution happening across the board," shares
Larry Wu, founding partner of UC Asset, "Just like conventional
taxi businesses are being taken over by shared-ride companies like
Uber (NYSE:
UBER) and Lyft, we believe conventional hotels will be taken
over by technology driven shared-accommodation
spaces."
Shared
accommodation properties have attracted investors in the past year,
but Wu claims there are no institutional investors who specialize
in shared accommodation properties equipped with home-office
facilities, which will be almost exclusively
marketed to business travelers.
"Shared
accommodations have replaced a fair share of vocational resorts.
But conventional hotels who serve business travelers have held
their ground," explains Wu. "Before COVID-19, conventional hotels
in central business
districts or around airport hubs were doing extremely well. We know
the occupancy rate of these hotels stayed about 80% even 90% in
major metros like Atlanta."
"COVID-19 has
expedited a transition in corporate work habits resulting in many
people focusing on
home office spaces. Our research suggests this trend will prompt
travelers to choose home-office style shared-accommodations over
conventional hotels," Wu shares.
UCASU has
established a reputation of successful investments into home
renovations. Now
that UCASU will renovate acquired homes into SHOC properties, this
new and innovative investment strategy will not only create
value-improved new properties, but also produce a group of Airbnb
rentals for continuous cash income.
UCASU's
goal is to form a
$10 million portfolio of shared home office properties over the
next 12 months.
About UC Asset:
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. 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