WhereDaily News: Oriens Executes LOI With Seller; Transaction Consummated With Cash Consideration
LAS VEGAS, NV--(Marketwired - Jun 25, 2014) - Oriens Travel & Hotel Management Corp. (OTC Pink: OTHM) (PINKSHEETS: OTHM), the Next Generation International Hotel Brand Operator, operating its Hotel PURE brand, announced today, that OTHM and BW Point Condominium Trust LLC SRL ("BW Point"), have executed an LOI approving ORIENS' acquisition of BW Point's beach front property; memorialized by cash consideration from funds raised by OTHM in a non-toxic financing.