Metrospaces Issues Project and Business Plan Update December 2015

MIAMI, FL--(Marketwired - Nov 30, 2015) - Metrospaces, Inc. (OTC PINK: MSPC) announces its project update letter for December 2015.

PROJECT AND BUSINESS PLAN UPDATE

To Metrospaces Inc. Shareholders:

As 2015 heads to an end, we see a company in a much more mature and developed stage in comparison to the previous year. The launching of the Telmo & Tango Apart-Hotel (Buenos Aires) under a unit fractional sales strategy, marks the shift of our company from a purely development company, now to an operating company. Even though we began generating revenue back in 1Q from the sale of our whole-sale grapes operation at Ikal Wine and Lodge, this will be the first revenue under our core business which is hotel development and operations. Now that the company has successfully obtained planning approval on 2 of its key hotel projects, we see these projects beginning construction end of 1Q-beginning of 2Q. Also, the acquisition of the Quality of Life Boutique Hotel (expected to close April 2016), will be the second operating project we acquire after Ikal Wine and Lodge project, and the third overall after Yunga Estate Project.

With the development and acquisition of our projects becoming clearer, our business plan also becomes clearer. The successful development of Telmo & Tango Apart-Hotel, Tulasi Mandir Spa and Hotel, Ikal Wine and Lodge as well as the acquisition of Quality of Life will mark the launching of our specialty luxury boutique hotel chain. We believe this segment to be much underinvested, and were we believe can benefit from a professional business plan as the one we are now implementing. Additionally, we see the possibility to fuel profit on these projects by combining a fractional sales approach on the real estate, and a time-share implementation on the hotel operations. We know this approach has been incredibly successful for some mayor hotel developers around the world, and now we see the opportunity to use it in the luxury boutique segment.

For a company Fact Sheet: https://db.tt/RojE1mC5

In continuation, here is an update on our projects and investment highlights:

Telmo & Tango Apart-Hotel: Located in San Telmo Buenos Aires and originally launched as Chacabuco 1353 Residencies, this 26-unit apart-hotel project has been re-launched as Telmo & Tango Apart-Hotel. This new business plan allows Metrospaces to sell the units under a fractional sales strategy, expected to generate approximately 2X the original residency sales price. Additionally, the company will retain the hotel management business once the project has been completed. Expected revenue on the sale of the fractional sales strategy is approximately $3 million with a 25% EBITDA margin, and will generate approximately $550K in revenue and 25% EBITDA margin annually on the hotel management business. For more information: https://db.tt/UnCrb4pD