Capital Services Group Engaged by Kona Village LLC to Provide Strategic Advisory Services and Prepare for 506c Offering
SAN DIEGO, Calif. – August 8, 2016 – Capital Services Group, Inc. (“Capital Services Group”) today announced that it has been engaged by Kona Village LLC, (“Kona Village” or the “Company”), formed for the purpose of acquiring and operating branded hotels, to provide strategic financial advisory services including investment packaging and marketing support related to IKM’s direct public offering to accredited investors under Regulation D, Rule 506(c). The offering will be made available to the general public, its customers and other interested parties, under direct solicitation rules outlined in the new Rule 506(c), which eliminates the prohibition against general solicitation and advertising in connection with offerings under Rules 506 and 144A under the Securities Act of 1933. Thomas Carter, CEO of Capital Services Group, said that “Industry reports are that 2015 was the second-highest year on record for hotel transactions, up 50% over 2014. The market is expected to remain strong, and the team at Kona Village is leveraging its operating expertise and experience to identify and acquire underperforming properties of known brands, where, through the addition of its resources and vision, have the potential to drive significant upside potential for its investors. We look forward to working with the team at Kona Village to developing and executing a strategic to articulate its value proposition to qualified investors.” The United States is expected to be the most liquid country worldwide in terms of transaction volume in 2016 in the hospitality segment.
Forward Looking Statements
Certain of the statements included in this press release, which express a belief, expectation or intention, as well as those regarding future financial performance or results, or which are not historical facts, are “forward- looking” statements as that term is defined in the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended. The words “expect”, “plan”, “believe”, “anticipate”, “project”, “estimate”, and similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance or events and such statements involve a number of risks, uncertainties and assumptions, including but not limited to industry conditions, regulatory changes, general economic conditions, interest rates, competition, and other factors. Should one or more of these risks or uncertainties materialize or should the underlying assumptions prove incorrect, actual results and outcomes may differ materially from those indicated in the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to republish revised forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
About Kona Village, LLC
Kona Village LLC was formed to acquire and hold branded hotels ranging from 75 to 200 rooms. Targeted brands are full-service and select service hotels located in primary and secondary regions in the U.S.
About Capital Services Group
Based in San Diego, California, Capital Services Group was formed to provide emerging growth companies with resources and support to more efficiently access growth capital and investor support, including investment packaging, direct public offering, shareholder communications and an online investor marketplace.
Capital Services Group, Inc.