WhereDaily News: Metrospaces Announces the Launch of Its First Boutique Hotel Investment Fund for Latin America
MIAMI, FL--(Marketwired - Jan 29, 2015) - Metrospaces, Inc. (OTC PINK: MSPC) -- The Company's CEO Daniel Silva said: "We will seek to launch fund raising for the boutique hotel fund in the next 30-60 days. The fund's name will be Boutique Hotel RE Partners I and will seek to raise $15-25 million. The funds focus will be new boutique hotel development. My personal experience and track record in this particular area of the hotel industry aligned with our capacity to attract investment funds will no doubt bring very exciting results to our investors and partners. We will seek to take advantage of a much unserved market of luxury boutique hotels in Latin America. We have clear and visible investment opportunities in various markets across the region; one that we think is only in its infancy. We are in final discussions with 2 prominent North American investment banks in order to help us in the marketing, which we expect to last approximately 90-120 days. This type of financing is very favorable to our investors since it allows the company to effectively leverage its own capital.
