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VAYK Renewed JV to Renovate Historic Landmark into "Most Sought-after Airbnb Place" in Downtown Atlanta

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Vaycaychella (VAYK) has renewed its joint venture agreement to renovate and operate the Rufus Rose House, the only standing Victorian mansion in downtown Atlanta. The property, valued at $2.1 million, is expected to reach $5-8 million after renovation. VAYK will receive 20% 'sweet equity' in the project, with potential for more based on capital raised.

The historic landmark will be converted into a multi-unit short-term rental property, strategically located near major attractions. With Atlanta hosting FIFA 2026 and the upcoming $157 million 'Stitch' project nearby, VAYK projects annual rental revenue of $500,000-$700,000, with potential for higher returns. The company aims to complete renovation before FIFA 2026, capitalizing on Atlanta's tourism growth, which saw 71.3 million visitors in 2023.

Vaycaychella (VAYK) ha rinnovato il suo accordo di joint venture per ristrutturare e gestire il Rufus Rose House, l'unica villa vittoriana rimasta nel centro di Atlanta. La proprietà, valutata 2,1 milioni di dollari, si prevede raggiunga i 5-8 milioni di dollari dopo la ristrutturazione. VAYK riceverà il 20% di 'sweet equity' nel progetto, con la possibilità di un aumento basato sul capitale raccolto.

Il celebre monumento sarà convertito in una struttura residenziale a più unità per locazioni a breve termine, situata strategicamente vicino alle principali attrazioni. Con Atlanta che ospiterà la FIFA 2026 e il prossimo progetto 'Stitch' da 157 milioni di dollari nelle vicinanze, VAYK prevede un ricavo annuale da locazioni di 500.000-700.000 dollari, con potenziali ritorni più elevati. L'azienda punta a completare i lavori di ristrutturazione prima della FIFA 2026, sfruttando la crescita del turismo ad Atlanta, che ha visto 71,3 milioni di visitatori nel 2023.

Vaycaychella (VAYK) ha renovado su acuerdo de joint venture para renovar y operar la Rufus Rose House, la única mansión victoriana que queda en el centro de Atlanta. La propiedad, valorada en 2,1 millones de dólares, se espera que alcance entre 5 y 8 millones de dólares tras la renovación. VAYK recibirá un 20% de 'sweet equity' en el proyecto, con potencial para más basado en el capital recaudado.

El lugar histórico será convertido en una propiedad de alquiler a corto plazo con múltiples unidades, estratégicamente ubicada cerca de las principales atracciones. Con Atlanta albergando la FIFA 2026 y el próximo proyecto 'Stitch' de 157 millones de dólares cerca, VAYK proyecta ingresos anuales de alquiler de 500.000 a 700.000 dólares, con posibilidad de mayores retornos. La empresa tiene como objetivo completar la renovación antes de la FIFA 2026, capitalizando el crecimiento del turismo en Atlanta, que recibió 71,3 millones de visitantes en 2023.

Vaycaychella (VAYK)는 애틀랜타 시내에 있는 유일한 빅토리아 양식의 맨션 루퍼스 로즈 하우스를 개조하고 운영하기 위한 합작 투자 계약을 갱신했습니다. 210만 달러로 평가된 이 부동산은 리노베이션 후 500만~800만 달러에 이를 것으로 예상됩니다. VAYK는 프로젝트에서 20%의 '스위트 주식'을 받을 것이며, 모금된 자본에 따라 더 많은 지분을 기대할 수 있습니다.

이 역사적인 랜드마크는 주요 명소 근처에 전략적으로 위치한 다세대 단기 임대 부동산으로 전환될 예정입니다. 애틀랜타가 FIFA 2026을 개최하고 인근에서 1억 5700만 달러 규모의 '스티치' 프로젝트가 진행됨에 따라, VAYK는 연간 50만~70만 달러의 임대 수익을 예상하고 있으며 더 높은 수익도 기대할 수 있습니다. 이 회사는 애틀랜타의 관광 성장에 힘입어 FIFA 2026 이전에 리노베이션을 완료할 계획이며, 애틀랜타는 2023년에 7130만 명의 방문객을 맞이했습니다.

Vaycaychella (VAYK) a renouvelé son accord de coentreprise pour rénover et exploiter le Rufus Rose House, la seule maison victorienne restante du centre-ville d’Atlanta. La propriété, évaluée à 2,1 millions de dollars, devrait atteindre entre 5 et 8 millions de dollars après rénovation. VAYK recevra 20 % de 'sweet equity' dans le projet, avec un potentiel d’augmentation en fonction du capital levant.

Le monument historique sera transformé en une propriété de location à court terme multi-unités, idéalement située près des principales attractions. Avec Atlanta accueillant la FIFA 2026 et le prochain projet 'Stitch' de 157 millions de dollars à proximité, VAYK prévoit des revenus locatifs annuels de 500 000 à 700 000 dollars, avec un potentiel de rendements plus élevés. L'entreprise vise à terminer la rénovation avant la FIFA 2026, capitalisant sur la croissance du tourisme à Atlanta, qui a accueilli 71,3 millions de visiteurs en 2023.

Vaycaychella (VAYK) hat seine Gemeinschaftsunternehmen-Vereinbarung zur Renovierung und zum Betrieb des Rufus Rose House erneuert, das einzige bestehende viktorianische Herrenhaus in der Innenstadt von Atlanta. Die Immobilie, die auf 2,1 Millionen Dollar geschätzt wird, soll nach der Renovierung zwischen 5 und 8 Millionen Dollar erreichen. VAYK wird 20% 'sweet equity' im Projekt erhalten, mit der Möglichkeit auf mehr, je nachdem wie viel Kapital gesammelt wird.

Das historische Wahrzeichen wird in eine Mehrparteien-Objekt für kurzzeitige Vermietungen umgewandelt, strategisch gelegen in der Nähe großer Attraktionen. Da Atlanta die FIFA 2026 ausrichten wird und in der Nähe das kommende 157 Millionen Dollar 'Stitch'-Projekt realisiert wird, rechnet VAYK mit jährlichen Mieteinnahmen von 500.000 bis 700.000 Dollar und einer potenziell höheren Rendite. Das Unternehmen plant, die Renovierung vor der FIFA 2026 abzuschließen, um von dem Wachstum des Tourismus in Atlanta zu profitieren, das 2023 71,3 Millionen Besucher verzeichnet hat.

Positive
  • Property value expected to increase from $2.1M to $5-8M post-renovation
  • 20% equity stake with potential for increase based on capital raised
  • Projected annual rental revenue of $500,000-$700,000
  • Strategic location near $157M 'Stitch' project expected to stimulate $2-3B in local real estate investments
  • Exclusive rights for renovation and operation
Negative
  • Significant capital investment required for renovation (amount unspecified)
  • Renovation completion timeline risk for FIFA 2026 deadline
  • Revenue projections are speculative and unproven

ATLANTA, Dec. 12, 2024 /PRNewswire/ -- Vaycaychella, Inc. (OTC Pink: VAYK) ("VAYK") today announces that it has renewed the joint-venture agreement to renovate and operate Rufus Rose House, the only standing Victorian mansion in downtown Atlanta, which has 123 years of history and is a National Register of Historic Place. The property currently has a cost value of $2.1 million, and is anticipated to reach a market value of $5 - 8 million upon completion of renovation.

20% Sweet Equity on $5-8 Million Airbnb Property

Under the renewed JV agreement, VAYK will continue to manage the renovation of this historic landmark into a boutique, multi-unit short-term rental (Airbnb etc.) property. VAYK is entitled to a 20% "sweet equity" of the JV, and will receive more equity proportionally when it raises capital for the JV. 

"Rufus Rose House is a unique historic treasure and has unrivaled value as a short-term rental, "says Stephanie Anderl, interim CEO of Vaycaychella. "Not only its stunning and aged beauty, both interior and exterior,  will appeal to tourists and vacationists who appreciate its antique value, but also its ideal location -- sitting in the busiest street, only one block from the tallest downtown building (the Bank of American Tower), and within walk distance to numerous attractions including the historic Fox Theater –  promises a future for it to become the most sought-after Airbnb place in downtown Atlanta."

"Most Sought-After Airbnb Place" to Be Completed Prior to FIFA 2026 

In the year 2023, 71.3 million visitors set their feet in downtown Atlanta.

Tourism to Atlanta is expected to explode as the city will host FIFA 2026 world cup. Soccer is the most popular sports in the world and FIFA world cup is the most important event of soccer, held only once every 4 years. VAYK aims to complete the renovation of Rufus Rose House and put it into operation prior to FIFA 2026.

$157 million Federal Funds granted to Nearby Neighborhoods 

In addition, the city of Atlanta has started a grand project with $157 million of federal funds, called "the Stitch", which is only two blocks from Rufus Rose House. The Stitch (https://thestitchatl.com/) is a transformational civic infrastructure investment committed to reconnect Downtown and Midtown Atlanta. Once implemented, the Stitch will create approximately 14 acres of urban greenspace and transportation enhancements atop a new, 3/4-mile platform spanning the Downtown Connector between Ted Turner Drive and Piedmont Avenue. The Stitch is expected to stimulate $2-3 billion in private real estate investments in surrounding neighborhoods.

Before the launch of the Stitch,  Vaycaychella management estimated that the short-term rental business of Rufus Rose House may generate $500,000 to $700,000 annually.  Now VAYK management believes that "the upside of Rufus Rose House will be much higher" despite that no specific numbers have been provided.

The current owner of Rufus Rose House bought this property in 2021 for $1.65 million, and had since then spent several hundreds of thousands to repair and reinforce its structure. Its original goal was to renovate it into an upscale office building. However, Vaycaychella convinced the owner that this property is more suitable for short-term rental, and was entrusted with the exclusive rights to manage its renovation, and to operate it as an Airbnb after renovation.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

VAYK Contact: +1 470-804-7144; Contact@Vaycaychella.com 

Cision View original content:https://www.prnewswire.com/news-releases/vayk-renewed-jv-to-renovate-historic-landmark-into-most-sought-after-airbnb-place-in-downtown-atlanta-302330437.html

SOURCE Vaycaychella, Inc.

FAQ

What is the expected value increase for VAYK's Rufus Rose House project?

The property's value is expected to increase from its current $2.1 million to $5-8 million after renovation completion.

What is VAYK's equity stake in the Rufus Rose House project?

VAYK holds 20% 'sweet equity' in the joint venture, with potential to increase based on capital raised.

What is the projected annual revenue for VAYK's Rufus Rose House Airbnb?

The projected annual revenue is $500,000-$700,000, with potential for higher returns due to local development projects.

When does VAYK plan to complete the Rufus Rose House renovation?

VAYK aims to complete the renovation and begin operations before the FIFA 2026 World Cup in Atlanta.

How will the $157M 'Stitch' project impact VAYK's Rufus Rose House investment?

The nearby 'Stitch' project is expected to stimulate $2-3 billion in local real estate investments, potentially increasing the property's value and rental demand.

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