Business
VAYK Announces Structured Acquisition of $5 Million Registered Landmark Property with 24 Month Plan to Acquire $20 Million in Short-Term Rental Properties
VAYK Announces Structured Acquisition of $5 Million Registered Landmark Property with 24 Month Plan to Acquire $20 Million in Short-Term Rental Properties.
About this update from Vaycaychella Inc.
[{"type":"text","content":"\n\n\n\nVAYK Announces Structured Acquisition of $5 Million Registered Landmark Property with 24 Month Plan to Acquire $20 Million in Short-Term Rental Properties\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nVAYK Announces Structured Acquisition of $5 Million Registered Landmark Property with 24 Month Plan to Acquire $20 Million in Short-Term Rental Properties\nPR Newswire\nDALLAS, Feb. 15, 2024\n\n\n\nDALLAS, Feb. 15, 2024 /PRNewswire/ -- Vaycaychella, Inc. (OTC Pink: VAYK) (\"VAYK\") today announced entering into an exclusive agreement to operate a domestic, registered landmark property as a short-term rental and to incrementally acquire a majority interest of the property on sweat equity and specific milestone performance terms.  The property currently has a value of approximately $2.5 million to $3 million.  After the completion of the renovation already underway to convert the property into a boutique, multi-unit short-term rental operation, the market value is anticipated to reach at least $5 million. Vaycaychella management projects that the short-term rental operation may generate revenue from $500,000 to $700,000 annually.\n\nVAYK Plans to Amass $20 Million in Short-Term Rental Properties within 24 Months\nVaycaychella recently announced an updated business strategy concentrating the company's recourses on the $64 billion domestic, short-term rental market.  The agreement announced today is the company's first step toward a goal of amassing more than $20 million in domestic short-term rental properties over the next 24 months, in metropolitan areas of USA. For the following acquisitions, the company will focus on both properties that may generate instant revenue, and those that may require renovation.\nAtlanta to Become a Beachhead of VAYK Domestic Business\nThe property is located in downtown Atlanta, Georgia, on arguably the busiest street of the city, the Peachtree Street. According to a report by researchers from Georgia State University, Atlanta is the 8th largest tourism economy in the country, hosting 48 million visitors annually wh...