Skift.com praises UC Asset new business strategy created for today's business traveler
UC Asset (OTCQX: UCASU) has gained significant media attention following coverage by Skift.com regarding its innovative business strategy aimed at the $370 billion business travel market. This strategy focuses on creating Shared Home-Office Community (SHOC) properties, which cater to business travelers seeking office-grade accommodations away from hotels. The first prototype, designed with multiple business lodges, has broken ground near Hartsfield-Jackson Atlanta International Airport. UC Asset's approach signifies a substantial shift in real estate investment, merging property with modern business needs.
- Coverage by Skift.com highlights UC Asset's innovative strategy, elevating its profile in the travel industry.
- UC Asset is targeting a $370 billion market segment, with $60 billion deemed addressable for its SHOC properties.
- The first prototype of the SHOC properties is under development, indicating active business growth.
- None.
ATLANTA, Feb. 17, 2021 /PRNewswire/ -- Skift.com, a media platform dedicated to the most influential audience in the global travel industry, featured UC Asset(OTCQX: UCASU)'s new business strategy in its front-page story titled "Homebuilders Catering to Hotel-Hesitant Biz Travelers."
"This is the first time our story is covered by a major media platform in the travel industry," says Larry Wu, founder of UC Asset. "It is a clear sign that our business strategy is attracting attention from industry insiders and opinion leaders. This is a very positive sign for us."
"We are a value-adding investor in real estate, which means that we do not only invest into real properties, but also invest into the businesses which will add value to our properties," Wu elaborates. "In real estate, you can only make so much if you simply buy and hold. But if you also have a successful business model to run those properties, you are on the path to create the next McDonald's, which is a real estate empire built on a successful business model."
The Skift.com article featuring UC Asset's business strategy SHOC (Shared Home-Office Community), indicates that UC Asset has a competitive model which targets the
Skift.com opens its front-page story by stating:
"Without access to an office, most workers would welcome an office-grade home with hi-speed internet, video conferencing, and accessories like printers and scanners.
"Now one real estate investment company is building exactly this type of house, which it will rent out to business travelers who aren't quite ready to check back into hotels."
The reporter, Matthew Parsons, then delves into UC Asset's trend-setting new strategy that offers a residential solution to working professionals needing the capabilities of an office while traveling. The article suggests hotels are scrambling to adapt to today's socially distant climate, however the transitions are time consuming. Quotes from design firm AFK echo UC Asset's beliefs that transitioning traditional hotels into tech-savvy workspaces could prove challenging.
Meanwhile, Mr. Parsons reports, UC Asset "has just broken ground on its first prototype near Hartsfield-Jackson Atlanta International Airport — the U.S.'s busiest airport." The SHOC properties will be "five-bedroom houses with each bedroom designed as an individual business lodge equipped with office capabilities." The home-office focused spaces will be rented out to business travelers as an alternative to conventional hotels, selling on platforms such as Airbnb, Vrbo or through corporate partnerships.
The Skift.com story is closed by citing UC Asset's founder Wu. "We're trying to build something for the future...We believe we have found the right solution to it."
The entire article from Skift.com can be viewed here: https://skift.com/2021/02/16/homebuilders-catering-to-hotel-hesitant-biz-travelers/.
About UC Asset:
UC Asset LP is a limited partnership formed for the purpose of investing in real estate for development and redevelopment, concentrating in metropolitan areas of Atlanta, GA. For more information about UC Asset, please visit: www.ucasset.com.
Disclaimer:
This News Release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause our actual results, performance or achievements, or industry results, to differ materially from any these statements. You are cautioned not to place undue reliance on any those forward-looking statements. Except as otherwise required by the federal securities laws, we undertake no obligation to publicly update or revise any forward-looking statements after the date of this News Release. None of such forward-looking statements should be regarded as a representation by us or any other person that the objectives and plans set forth in this News Release will be achieved or be executed.
For more information, contact:
Christal Jordan
Investor Relations Director, UC Asset LP
cjordan@ucasset.com
+1-678-499-0297
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SOURCE UC Asset LP
FAQ
What is UC Asset's new business strategy as reported by Skift.com?
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Where is UC Asset's first SHOC property being developed?
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