Miami, FL -- (SBWIRE) -- 02/26/2015 -- Metrospaces, Inc.(OTC:MSPC) CEO Daniel Silva, who began with the company in December, states that the IKAL Lodge is world-class and takes the company to the next level. Ikal Lodge and Winery is an exceptional wine-based real estate project comprised of a 25 room luxury boutique hotel, a world class winery and 29 luxury villas that will be sold under fractional ownership. The hotel will be operated by Prohotels and marketed as a Small Luxury Hotel property. This project sits on 75-hectares of the most sought-after region for wine producing in Valle de Uco, Mendoza, Argentina, which is considered the "Golden Mile" for wine producers. It sits only a few kilometers from where Chandon and Rothschild (Chateux Lafite see: http://www.lafite.com/en/the-domaines/bodegas-caro/) have their wineries.
This beautiful project is already producing a wine brand, Ikal 1150, that is selling very well in the US, Spain and Mexico with total wine and wholesale grape revenue at approximately $250,000 for the first 2Q of 2014, representing 15% over 2013. The total expected real estate revenue for the sale of the Ikal Lodge and Winery Villas is expected to be over $95 million with a $40 million EBTIDA. With Mr. Silva's leadership Metrospaces has a world-class partner and CEO lending his expertise in developing this shovel-ready project, which will allow us to begin construction as soon as possible. Our forecast calls for total Ikal Lodge and Winery Hotel revenue of $2.5 million and EBITDA of approximately $1 million annually and winery revenue of over $8 million per year with a $2 million EBITDA. Wine-based real estate projects are becoming one of the fastest growing segments in the vacation homes and hospitality sectors. This acquisition has been financed by a long-term control equity position in the company.
Metrospaces is a publicly traded real estate investment and Development Company which acquires land, designs, builds and develops then resells condominiums and Luxury High-End Hotels, principally in urban areas of Latin America. Six years ago Metrospaces shareholders saw a unique opportunity to participate in several exciting property markets around the world. Through their world-wide network of highly recognized real estate entrepreneurs, the company was able to capitalize on unique real estate development opportunities. Since Inception the company has leveraged those relationships along with extensive financial expertise and transformed excellence by results. The company's current projects are located in Buenos Aires, Argentina, and Caracas, Venezuela.
Metrospaces is a boutique real estate development company, a product of the alliance of Metrospace shareholders, along with an elite group of real estate professionals and entrepreneurs located around the world. Company shareholders have extensive careers in real estate financing worldwide. They have funded projects both in the Americas and across Europe valued in excess of US $350Million.
Metrospaces' majority shareholders have partnered with Investors on elite properties including The London BLVGARI 5 Star Hotel and are currently involved in negotiations for the development of several elite luxury properties in South America. Among Metrospace partners are architects, real estate Developers, agents and attorneys of the highest standing, with extensive experience in the global property market.
Metrospaces was originally founded by company President Oscar Brito.
About Ikal Lodge and Winery
Ikal Lodge and Winery is a 75 hectare wine-based vacation home/hospitality real estate project. The project consists of a 25-master suite luxury hotel, a winery and 29 luxury villas that will be sold under fractional ownership. Ikal currently sells its award-winning wines in Spain, Mexico and the US.
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Source: UPTICK Newswire