Ideal Group Subsidiary Travel Zen, Inc. Reports 100% Unit Occupancy Sales Revenue from Its Second Annual Cycle

Rhea-AI Summary

Ideal Group subsidiary Travel Zen, Inc. reported a complete sell-out of its 2024 spring break inventory of fractional timeshare bookings. The company achieved 100% occupancy across its 60 units, generating over $50,000 in recurring sales revenue. Profit margins vary between 50% for wholesale bookings and up to 100% for retail bookings. This marks the second annual cycle of unit offerings under Travel Zen's ownership, with 2024 sales reflecting consistent year-over-year performance.

Travel Zen's portfolio includes premium resorts in Vail, Colorado, such as Sheraton Mountain Vista Resort, Sheraton Lakeside Terrace Villas, and Falcon Point Resort. The company has also received over 50 five-star reviews this season. CEO David Weintraub highlighted the success and repeatability of their business model, emphasizing the acquisition of valuable fractional units at low cost and the generation of recurring rental income. The company plans to expand its portfolio by seeking additional vacation rental opportunities in premium markets.

Positive

• 100% occupancy rate for 2024 spring break units.
• Over $50,000 in recurring sales revenue.
• Profit margins range from 50% to 100%.
• Consistent year-over-year performance in unit sales.
• Received over 50 five-star reviews this season.
• Plans for portfolio expansion in premium markets.

Negative

• Relatively low total revenue of $50,000 might not significantly impact overall financials.
• Dependence on seasonal demand may introduce revenue variability.
• Highly concentrated portfolio in the Vail, Colorado region might limit diversification.
• Potential economic uncertainties could impact future bookings and profitability.

Anderson, South Carolina--(Newsfile Corp. - May 16, 2024) - Ideal Group of Companies, Inc. (OTC Pink: IDGR) ("Ideal Group" or the "Company") subsidiary Travel Zen, Inc. (Travel Zen) reports that it has sold out all of its units from the company's spring break inventory of fractional timeshare bookings for 2024.

Travel Zen owns a portfolio of fractional timeshare units at premium resorts. The units are centered around traditional spring break periods at popular ski and resort areas in the country, mainly in the Vail, Colorado region. Properties in the portfolio include Sheraton Mountain Vista Resort, Sheraton Lakeside Terrace Villas, and Falcon Point Resort.

Over the 2024 season, Travel Zen booked out all 60 of its units for a 100% occupancy rate, resulting in over $50,000 in recurring sales. Profit margins range from 50% for wholesale bookings, up to 100% on retail bookings.

This season's sales represent the second annual cycle of the units being offered under Travel Zen's ownership and the third annual cycle under Travel Zen's parent company, Portfolio Partners, Inc. The company also earned over 50 five-star reviews during this season.

As discussed in a feature article in the May 15, 2024, edition of the Colorado Real Estate Journal, Travel Zen CEO, David Weintraub sees a positive outlook for Travel Zen by focusing on this well-conceived formula in the timeshare space.

"We have proven our concept of a robust and repeatable revenue source within the timeshare market by acquiring valuable fractional units at low cost and generating recurring rental income," stated David Weintraub. "This is Travel Zen's second annual cycle for this inventory of units, and they continue to yield solid results year-over-year, even in uncertain economic times."

"Management sees the consistent performance of unit sales as an early indicator for success. Travel Zen is proving to be a valued growth area for the Company and a strong, repeatable revenue source for Ideal Group of Companies," Weintraub added.

Travel Zen continues seeking additional similar vacation rental opportunities in premium markets to increase its portfolio.

About Ideal Group of Companies Inc.

Ideal Group of Companies Inc. (idealgroupcorp.com) is a diversified real estate and financing company. Its real estate development division under the brand Eclipse Real Estate Development is engaged in acquiring, developing, and operating multifamily, mixed-use, commercial, and residential real estate, vacation rentals and RV resorts, and housing development projects. Its mortgage brokerage division under Oxygen Mortgage Inc. provides consumer mortgage services and, through Oxygen Commercial, provides financing for commercial projects. Ideal Group Inc.'s wholly owned subsidiary, Portfolio Partners, Inc., is the parent company of Travel Zen, Inc., which acquires deeds to fractional timeshares in a portfolio of premium resorts at some of the most popular resorts in the USA. For more information, visit idealgroupcorp.com.

Contacts:

Ideal Group of Companies Inc.
Tel. +1-833-433-2599 Ext. 2

Charles Cardona, CEO
ccardona@idealgroupcorp.com

DISCLAIMER and FORWARD-LOOKING STATEMENTS

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, and such Forward-Looking Statements are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainties. All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to the viability of the Company's business plans, the effect of acquisitions on our profitability, the effectiveness, profitability, and the marketability of the Company's products; the Company's ability to protect its proprietary information; general economic and business conditions; and the volatility of the Company's operating results and financial condition. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations, assumptions, estimates, and projections about the Company and the industry. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances or to changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, management cannot assure the public that their expectations will turn out to be correct. Investors are cautioned that actual results may differ materially from the anticipated results.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/209295

FAQ

What was Travel Zen's occupancy rate for its 2024 spring break inventory?

Travel Zen achieved a 100% occupancy rate for its 2024 spring break inventory.

How much sales revenue did Travel Zen generate from its 2024 spring break bookings?

Travel Zen generated over $50,000 in recurring sales revenue from its 2024 spring break bookings.

What are the profit margins for Travel Zen's bookings?

Travel Zen's profit margins range from 50% for wholesale bookings to 100% for retail bookings.

Which resorts are included in Travel Zen's portfolio?

Travel Zen's portfolio includes Sheraton Mountain Vista Resort, Sheraton Lakeside Terrace Villas, and Falcon Point Resort in Vail, Colorado.

How many five-star reviews did Travel Zen earn this season?

Travel Zen earned over 50 five-star reviews this season.

What is the outlook for Travel Zen's business model according to CEO David Weintraub?

CEO David Weintraub sees a positive outlook, emphasizing the acquisition of valuable fractional units at low cost and generating recurring rental income.