- We are in the office of UPlus Group.
So, I'm so glad I came to meet you, Melina.
And thank you for accepting the invitation.
- [Melina] Thank you. - And we are going to talk
about a great project, I think,
that makes sense for our French clients because it's,
the price point is very low.
I think it's $69,000
for a unit.
So we are gonna talk more deep about this project,
which is located between the Orlando park,
Disney World and everything,
and Orlando.
- Yes. - So, Kissimmee,
and it's very well located, and it's very cheap.
So that's why we decided to promote your projects.
So, maybe you can tell us a little bit more
about the group behind it, and we go from there.
- Okay, yes, we are UPlus Group.
We develop GreenPoint Hotels.
It's a hotel chain which we are very proud of.
For now, we have three hotels.
GreenPoint Essential is the one we're about to finish.
It's still under construction and it's the one
which we offer a really low price.
It's $69,500 for the Model A,
which is the one we have left.
So, what's very different about us it's
our design, we're a very modern hotel.
We don't have carpets in the bedrooms.
We don't have curtains in the bathroom.
So, that's pretty much the essence of our design.
People really like that.
The opportunity here is to buy a unit,
a condo hotel unit.
Each unit has a deed,
so the owner can sell their unit whenever they want.
It's not like a timeshare, I get that question a lot.
In a timeshare, you share the ownership with other people,
and you just have a percentage.
But here, the great thing is you have a deed
and you're owner of that unit.
So it's like a condominium, but it works as a hotel.
GreenPoint Hotel Management is the one
that manages the hotel,
and the good thing about this is you don't have
to take care of any expense
or any problem that the property might have.
When you buy an apartment, for instance, Miami,
you have to be worried about if the A/C breaks,
or if you have a problem, and you have to take care of it.
Here, the management takes care of it, and expenses,
so you just receive your net profit every three months.
- Every three months, okay. - [Melina] Yes.
- The construction will be done in
the next couple of months?
- [Melina] Yeah, we're in the last instance
of the construction. - Okay.
- It's estimated to be finished by
the first quarter of 2019.
The opportunity we still offer is the lease-back program,
which means you get a full year
with an 8% annual fixed net income.
That's a really good opportunity for investors
who still enter the project during the pre-construction
and construction instance. - [Interviewer] Great.
- After that, the management is pool style,
so costs and benefits are distributed
in percentages corresponding to the square footage
of each owner.
So it depends on the performance of the hotel.
- Okay, so basically, it does not depend
on one particular unit,
but on the whole-- - [Melina] Exactly.
- I think it's like 204 rooms. - [Melina] 204 rooms,
in Essential, so-- - It is split between all--
- [Melina] Yes. - All together, okay.
So for the model,
I think the Model "A" is the one that is left.
- [Melina] Yes. - So can we take a look
at this one, I think it's,
how many square feet for this model?
- [Melina] It's 217.
- 217 square feet.
The approximate rent, I don't know
if we can have some numbers already.
Depends on the high and low season, of course.
- Yes, hotels work a lot regarding seasons.
So it depends on the month, that's why the rent,
once it is pool style, it will vary.
- It varies all the time. - Depending on the season.
- [Interviewer] On the season. - But we consider
the draw annually, but you get it every three months.
We send the investors a profit and loss report
every three months,
just a few days before they get their rent.
So, our hotel, besides their design, their modern design
which people really love,
because they don't get the dirty carpets on the floor,
they don't get the bathroom curtains stuck
while they take a bath.
It's all about being
simple, and clean, and minimal, and modern.
We also have strategic partnerships
which help us provide value to our clients.
For instance, we use Tempur-Pedic mattresses,
and we offer Nespresso coffees.
So, we have different hotels.
We have three, and each targets different audiences.
For instance, the one we have in Doral, in Miami,
is considered for extended stays,
so they are big units with kitchen and with a couch,
and where people can stay for longer periods of time.
All of our hotels have a breakfast area,
and the one in Kissimmee, which is already operating
and is just half a mile away from GreenPoint Essential,
has a gym, a coffee place,
we're going to build a playground soon.
It has a living room area and a kids' area
with toys.
They have an ATM, 24 hour mini-market,
microwave, refrigerator, and a security box.
The one in Essential is just a half a mile away
from that one, and it targets a different audience.
It's mostly thought for people who spend
a whole day in the parks, and don't want to pay extra
for those things they are not going to use.
So, Essential provides the essential.
So, you just get the room, a pretty modern room,
and then you can have food from the mini-market,
and it's going to have a pool as well.
But, yes, it's considered for someone who don't want
to waste their money on things they
are not going to use. - Okay.
- They all have free parking, as well.
And, so this is the brand positioning.
- [Interviewer] Okay, so GreenPoint is--
- [Melina] GreenPoint Essential is a low-cost--
- It's a growing brand, hotel brand?
- Oh yes, yes.
Yeah, that's the good thing about this.
People are going to benefit from it
because when you buy a unit in GreenPoint,
you get weeks of use.
- I think it's four weeks, right?
- Yeah, if you buy in GreenPoint Essential,
you get four weeks to use.
Two in low season and two in high season.
- Okay. - But you can exchange it
with other locations of GreenPoint.
- Okay, okay. - So if you're not going
to spend four whole weeks in Orlando, for instance,
per year, you can use it in Doral, in Miami.
- [Interviewer] That's a great benefit.
- Or in the other hotel, yes.
- [Interviewer] Or in the other hotels.
- It's a great benefit, and it's going to be even better
once we continue growing
and expand to other cities or states,
or even in another country someday.
- [Interviewer] I'm excited-- - Yes. (laughs)
- To see the future of this company.
We are going to talk about location,
about the specific projects.
It's 15 minutes away by car
from Orlando park,
am I correct? - It's about a 15,
20 minute ride to both Universal
and Disney parks, yes.
So it's a really convenient location.
Most of our guests that stay at the hotel are going
to visit the parks. - Yeah, I think there are
a lot of, millions, how many million tourists?
- Well, only last year,
2017,
they received 72 million people.
- [Interviewer] That's huge. - Which is, yeah, they were
the first city in the US to receive more than 70 million.
And the numbers are still rising,
so it's a perfect location for a hotel.
That's why our occupancy levels
are also really, really high.
- Yeah. - GreenPoint Kissimmee opened
less than a year ago,
and we are about the average occupancy in the area,
so it's doing really good.
- [Interviewer] It's doing great, yeah.
- And this one, this is GreenPoint Kissimmee.
It has 200 rooms, half a mile away
from the one we are selling.
It's doing really, really good.
- [Interviewer] This one's already sold out, right?
- [Melina] This one's sold out,
and it's about to have the one-year anniversary soon.
- [Interviewer] Okay, soon. - [Melina] Yes.
And the good thing about this
is we started paying profit to our investors
the first quarter. - Okay.
- And that's not common.
Sometimes a hotel which is starting to function,
it takes
about a year
to give benefits,
so, yeah, we're doing really good.
Our occupancy levels are good.
Our reviews are good, people love it there.
- [Interviewer] It's very near from the project
that we are talking about today.
- [Melina] Just half a mile away, you can walk there.
- [Interviewer] That is very near.
- [Melina] Yes, so if you ever visit the construction site
in Essential, you can then go look at Kissimmee
and see how it's going to look like, because it's--
- You can compare for the people that are reluctant to buy,
they can see Kissimmee.
- Yeah, they can go visit the hotel that is doing great,
it's already functioning, and it looks really pretty.
And you can see the people there enjoying their stay.
- That's great, so that they can compare
and see what it will look like.
- Yes, because it's going to look pretty much the same.
It's going to have the same aesthetic,
and the same furnishings.
So yeah, we're expecting for Essential
to work as good as Kissimmee did.
They are on the same avenue, so, yeah.
The projections
are really
based in Kissimmee's
performance so far.
So this is one of our rooms in Kissimmee.
You see the modern style, the minimal style.
- [Interviewer] That's nice. - [Melina] Yes.
So, the hard floors are really something
that you don't see often here in America.
So,
yes.
- [Interviewer] $69,000 is very cheap, is very low price.
- [Melina] Yes, this one is the one in Essential.
- I think our clients are going to love it.
I think it's a great project to promote.
So, thank you so much--
- [Melina] Thank you. - For taking your time
to explain about this whole project,
and we'll keep each other posted for everything going on.
I'm sure we'll do great with this project.
Thank you, thank you Melina. - Thank you.
Thank you.
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