VAYK Expects Revenue from First Airbnb Property
in August
Atlanta, GA -- July 18, 2024
-- InvestorsHub NewsWire -- Vaycaychella, Inc. (OTC
Pink: VAYK) ("VAYK") announces today that the company expects
to receive revenue from its first short-term rental (Airbnb)
property, starting from the coming month of August.
Back in February of this
year, the company announced that it would refocus its Airbnb
business to within the domestic market of USA, mostly in
fast-growing metropolitan areas such as Atlanta, Georgia.
Domestic USA market is the largest short-term rental market in the
world, having reached $64 billion in total sales, according to
AirDnA.
Last month, as part of the
updated business strategy, Vaycaychella exited its previous
investments in oversea Airbnb properties in the Caribbean
region. The company claimed that it made approximately
$320,000 of gross profit from exiting those investments. This move
has enabled Vaycaychella to direct its capital resource to acquire
Airbnb properties in metro Atlanta area.
Concurrently, the company
has rebuilt its management team and retained a local entrepreneur,
Stephanie Anderl, who has solid experience in Airbnb operation, to
serve as its interim CEO. Its previous CEO, William Justice,
resigned from the company on July 13. According to the
company, Ms Anderl played an instrumental role in this most recent
transaction.
"We are excited
that we'll soon receive revenue from operation of our first Airbnb
property in metro Atlanta area," says Anderl. "Before I joined the
team, the company had developed a plan to acquire the operation of
more than $20 million Airbnb properties. It had also acquired the
rights to renovate a historic landmark into a $5 million Airbnb
property. With this new deal, the company will generate some
revenue for the near term, while working on our mid-term goal of
amassing a $20 million portfolio."
Disclaimer/Safe
Harbor: This news release contains forward-looking statements
within the meaning of the Securities Litigation Reform Act. The
statements reflect the Company's current views with respect to
future events that involve risks and uncertainties. Among others,
these risks include the expectation that any of the companies
mentioned herein will achieve significant sales, the failure to
meet schedule or performance requirements of the companies'
contracts, the companies' liquidity position, the companies'
ability to obtain new contracts, the emergence of competitors with
greater financial resources and the impact of competitive pricing.
In the light of these uncertainties, the forward-looking events
referred to in this release might not occur.
VAYK Contact:
Contact@Vaycaychella.com