HALEIWA, Hawaii, April 12 /PRNewswire-FirstCall/ -- Hawaiian
Hospitality Group, Inc. (Pink Sheets: HHGI), a growing provider of
sustainable land use solutions and event services, is pleased to
provide shareholders with an update on the execution of its growth
strategy. Hawaiian Hospitality Group has successfully developed its
first sustainable destination property, established an event
business with ongoing revenue, and identified opportunities to
increase revenue and profitability via additional venue
acquisitions.
Scott Francis, President,
Operations of Hawaiian Hospitality Group, commented: "Hawaiian
Hospitality Group has developed a unique business strategy that
creates a winning solution for local landowners, land management
agencies, Hawaiian ecosystems, tourists and HHGI shareholders. We
specialize in negotiating with landowners and public agencies,
restoring and preserving native Hawaiian species, developing
previously inaccessible properties, setting up sustainable
eco-tourism destination facilities, employing green construction
and conservation practices, and producing special events including
weddings, corporate events and photo shoots. HHGI generates revenue
via our development agreements and event services businesses,
establishing commercial enterprises while preserving the beauty and
environmental integrity of Hawaii's natural resources."
There are approximately two million acres of undeveloped,
under-utilized public and private coastline throughout the Hawaiian
Islands available for revitalization. Hawaiian Hospitality Group
partners with private developers and works with local, state, and
federal government entities like the Office of Conservation and
Coastal Lands to design and operate environmentally friendly
for-profit projects. The company negotiates workable development
agreements and conservation easements that include native habitat
and ecosystem restoration components along with unique recreational
opportunities. The result is the fulfillment of government
preservation mandates and the creation of income for Hawaiian
Hospitality Group and landowner partners.
Hawaiian Hospitality Group successfully executed its strategy
with its first development project, the Loulu Palm Estate on
Oahu's North Shore coastline. The
company transformed a beachfront plantation-style home into the
North Shore's premier nature event destination. The site's main
structure is being restored to its original 1941 elegance and the
surrounding ecological habitat was revitalized into a harmonious
private park and facility for commercial use. Loulu Palm Estate is
host to weddings and corporate events and utilized as a film and
production location. Captive Hawaiian Hospitality Group companies
provide additional services including food catering and wedding
planning to maximize revenue.
Last year the company booked more than 70 events at Loulu Palm
Estate. Hawaiian Hospitality Group expects to significantly
increase the number of bookings, range of service offerings and
price selections this year.
Mr. Francis continued: "Bookings and revenue at our Loulu Palm
Estate venue are increasing and we expect to expand sales and
improve profitability significantly this year. Hawaiian Hospitality
Group has the environmental engineering experience, relationships
with government agencies, and event expertise required to expand on
our success at Loulu Palm and apply our business model to other
properties and development opportunities. We believe this will be a
year of tremendous growth for HHGI and our shareholders."
About Hawaiian Hospitality Group, Inc. (HHGI.PK)
Hawaiian Hospitality Group, Inc. 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
generate 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.
SOURCE Hawaiian Hospitality Group, Inc.