{"id":392894,"date":"2020-12-03T10:53:57","date_gmt":"2020-12-03T15:53:57","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392894"},"modified":"2020-12-03T10:53:57","modified_gmt":"2020-12-03T15:53:57","slug":"wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\/","title":{"rendered":"WSGF &#8211; Vaycaychella Finalizes Terms For Acquisition Of Historic Building In Puerto Rico Further Extending Short-Term Rental Market Reach &#8211; Deal Expected To Close Monday"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">DALLAS<\/span>, <span class=\"xn-chron\">Dec. 3, 2020<\/span> \/PRNewswire\/ &#8212; World Series of Golf, Inc. (USOTC: WSGF) (&#8220;WSGF&#8221;), through its sharing economy technology subsidiary serving the short-term rental market, Vaycaychella, today announced finalizing terms for the pending acquisition of historic building in Old San Juan, Puerto Rico.\u00a0 Once refurbishment is completed, the building will include three short-term rental units available on sharing economy apps like Airbnb, VRBO and Booking.com.\u00a0 The purchase of the Old San Juan property is expected to close on <span class=\"xn-chron\">Monday, December 7<\/span><sup>th<\/sup>, 2020.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1358163\/Vaycaychella_Old_San_Juan.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1358163\/Vaycaychella_Old_San_Juan.jpg\" title=\"Last week, Vaycaychella announced adding a boutique hotel in the Caribbean to its portfolio of short-term rental properties available on sharing economy apps like Airbnb, VRBO and Booking.com.  Sharing economy apps are taking an increasing share of the $32 billion Caribbean vacation market. (PRNewsfoto\/World Series of Golf, Inc.)\" alt=\"Last week, Vaycaychella announced adding a boutique hotel in the Caribbean to its portfolio of short-term rental properties available on sharing economy apps like Airbnb, VRBO and Booking.com.  Sharing economy apps are taking an increasing share of the $32 billion Caribbean vacation market. (PRNewsfoto\/World Series of Golf, Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Last week, Vaycaychella announced adding a boutique hotel in the <span class=\"xn-location\">Caribbean<\/span> to its portfolio of short-term rental properties available on sharing economy apps like Airbnb, VRBO and Booking.com.\u00a0 Sharing economy apps are taking an increasing share of the <a target=\"_blank\" href=\"https:\/\/www.statista.com\/statistics\/814613\/caribbean-tourism-revenue\/#:~:text=Caribbean%3A%20tourism%20revenue%202010%2D2018&amp;text=According%20to%20UNWTO%2C%20tourism%20revenue,31.8%20billion%20a%20year%20earlier.\" rel=\"nofollow noopener noreferrer\"><span class=\"xn-money\">$32 billion<\/span><span class=\"xn-location\">Caribbean<\/span> vacation market<\/a>.<\/p>\n<p>In January of this year, as the result of efforts launched earlier in 2019, WSGF acquired a business named Vaycaychella.\u00a0 Vaycaychella originated operations in 2017 serving the short-term vacation rental market.\u00a0 Vaycaychella&#8217;s mission is to serve short-term vacation rental owners and investors with a peer-to-peer (P2P) investment application (app).\u00a0 Vaycaychella plans to introduce additional apps that serve short-term rental owners and investors by, for example, providing discounted access to rental amenity supplies, on demand maintenance services, insurance, security and international banking and credit card processing.<\/p>\n<p>Vaycaychella built a pilot client base serving a <span class=\"xn-location\">Caribbean<\/span> based vacation property owner with 10 beachfront community vacation homes currently under management.\u00a0\u00a0 Vaycaychella has financed the property owner to acquire and refurbish the 10 premium properties.\u00a0 <\/p>\n<p>Since launching the Vaycaychella website earlier this year, Vaycaychella has added additional properties to its short-term rental portfolio spanning the <span class=\"xn-location\">Caribbean<\/span> from <span class=\"xn-location\">Mexico<\/span> to <span class=\"xn-location\">Puerto Rico<\/span> to include properties in <span class=\"xn-location\">Cuba<\/span>.<\/p>\n<p>In the coming days, Vaycaychella will begin beta testing for its P2P investment app to more widely connect prospective vacation property owners with would be investors.\u00a0 Look for an announcement coming soon asking to sign-up willing participants to test the beta software. <\/p>\n<p>To learn more and keep up with the latest updates, visit <a target=\"_blank\" href=\"https:\/\/www.vaycaychella.com\/\" rel=\"nofollow noopener noreferrer\">https:\/\/www.vaycaychella.com\/<\/a>.\u00a0 At the company website, you will find a blog with frequent industry publications on the short-term rental market in general, as well as entries specific to Vaycaychella.<\/p>\n<p>Disclaimer\/Safe Harbor:\u00a0This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company&#8217;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&#8217; contracts, the companies&#8217; liquidity position, the companies&#8217; 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.<\/p>\n<p>WSGF Contact: <br \/>William &#8220;Bill&#8221; Justice<br \/><a target=\"_blank\" href=\"mailto:bill@vaycaychella.com\" rel=\"nofollow noopener noreferrer\">bill@vaycaychella.com<\/a><br \/>(800) 871-0376<\/p>\n<p>Photo &#8211; <a target=\"_blank\" href=\"https:\/\/mma.prnewswire.com\/media\/1358163\/Vaycaychella_Old_San_Juan.jpg\" rel=\"nofollow noopener noreferrer\">https:\/\/mma.prnewswire.com\/media\/1358163\/Vaycaychella_Old_San_Juan.jpg<\/a><\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN12348&amp;sd=2020-12-03\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/wsgf--vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach--deal-expected-to-close-monday-301185903.html\">http:\/\/www.prnewswire.com\/news-releases\/wsgf&#8211;vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach&#8211;deal-expected-to-close-monday-301185903.html<\/a><\/p>\n<p>SOURCE  World Series of Golf, Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LN12348&amp;Transmission_Id=202012031050PR_NEWS_USPR_____LN12348&amp;DateId=20201203\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire DALLAS, Dec. 3, 2020 \/PRNewswire\/ &#8212; World Series of Golf, Inc. (USOTC: WSGF) (&#8220;WSGF&#8221;), through its sharing economy technology subsidiary serving the short-term rental market, Vaycaychella, today announced finalizing terms for the pending acquisition of historic building in Old San Juan, Puerto Rico.\u00a0 Once refurbishment is completed, the building will include three short-term rental units available on sharing economy apps like Airbnb, VRBO and Booking.com.\u00a0 The purchase of the Old San Juan property is expected to close on Monday, December 7th, 2020. Last week, Vaycaychella announced adding a boutique hotel in the Caribbean to its portfolio of short-term rental properties available on sharing economy apps like Airbnb, VRBO and Booking.com.\u00a0 Sharing economy apps are taking an increasing share &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;WSGF &#8211; Vaycaychella Finalizes Terms For Acquisition Of Historic Building In Puerto Rico Further Extending Short-Term Rental Market Reach &#8211; Deal Expected To Close Monday&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392894","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WSGF - Vaycaychella Finalizes Terms For Acquisition Of Historic Building In Puerto Rico Further Extending Short-Term Rental Market Reach - Deal Expected To Close Monday - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WSGF - Vaycaychella Finalizes Terms For Acquisition Of Historic Building In Puerto Rico Further Extending Short-Term Rental Market Reach - Deal Expected To Close Monday - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire DALLAS, Dec. 3, 2020 \/PRNewswire\/ &#8212; World Series of Golf, Inc. (USOTC: WSGF) (&#8220;WSGF&#8221;), through its sharing economy technology subsidiary serving the short-term rental market, Vaycaychella, today announced finalizing terms for the pending acquisition of historic building in Old San Juan, Puerto Rico.\u00a0 Once refurbishment is completed, the building will include three short-term rental units available on sharing economy apps like Airbnb, VRBO and Booking.com.\u00a0 The purchase of the Old San Juan property is expected to close on Monday, December 7th, 2020. Last week, Vaycaychella announced adding a boutique hotel in the Caribbean to its portfolio of short-term rental properties available on sharing economy apps like Airbnb, VRBO and Booking.com.\u00a0 Sharing economy apps are taking an increasing share &hellip; Continue reading &quot;WSGF &#8211; Vaycaychella Finalizes Terms For Acquisition Of Historic Building In Puerto Rico Further Extending Short-Term Rental Market Reach &#8211; Deal Expected To Close Monday&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-03T15:53:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/1358163\/Vaycaychella_Old_San_Juan.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"WSGF &#8211; Vaycaychella Finalizes Terms For Acquisition Of Historic Building In Puerto Rico Further Extending Short-Term Rental Market Reach &#8211; Deal Expected To Close Monday\",\"datePublished\":\"2020-12-03T15:53:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\\\/\"},\"wordCount\":531,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1358163\\\/Vaycaychella_Old_San_Juan.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\\\/\",\"name\":\"WSGF - Vaycaychella Finalizes Terms For Acquisition Of Historic Building In Puerto Rico Further Extending Short-Term Rental Market Reach - Deal Expected To Close Monday - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1358163\\\/Vaycaychella_Old_San_Juan.jpg\",\"datePublished\":\"2020-12-03T15:53:57+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\\\/#primaryimage\",\"url\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1358163\\\/Vaycaychella_Old_San_Juan.jpg\",\"contentUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/1358163\\\/Vaycaychella_Old_San_Juan.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"WSGF &#8211; 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World Series of Golf, Inc. (USOTC: WSGF) (&#8220;WSGF&#8221;), through its sharing economy technology subsidiary serving the short-term rental market, Vaycaychella, today announced finalizing terms for the pending acquisition of historic building in Old San Juan, Puerto Rico.\u00a0 Once refurbishment is completed, the building will include three short-term rental units available on sharing economy apps like Airbnb, VRBO and Booking.com.\u00a0 The purchase of the Old San Juan property is expected to close on Monday, December 7th, 2020. Last week, Vaycaychella announced adding a boutique hotel in the Caribbean to its portfolio of short-term rental properties available on sharing economy apps like Airbnb, VRBO and Booking.com.\u00a0 Sharing economy apps are taking an increasing share &hellip; Continue reading \"WSGF &#8211; Vaycaychella Finalizes Terms For Acquisition Of Historic Building In Puerto Rico Further Extending Short-Term Rental Market Reach &#8211; Deal Expected To Close Monday\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-03T15:53:57+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/1358163\/Vaycaychella_Old_San_Juan.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/wsgf-vaycaychella-finalizes-terms-for-acquisition-of-historic-building-in-puerto-rico-further-extending-short-term-rental-market-reach-deal-expected-to-close-monday\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"WSGF &#8211; 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