Beneficial Holdings, Inc. Completes Purchase of Hotel From Grupo Lafise Subsidiary
Date : 02/16/2010 @ 9:03AM
Source : MarketWire
Stock : Beneficial Holdings, Inc. (BFHJ)
Quote : 0.021 0.0 (0.00%) @ 7:47AM
Beneficial Holdings, Inc. Completes Purchase of Hotel From Grupo Lafise Subsidiary
LAS VEGAS, NV -- (Marketwire) -- 02/16/10 --
Beneficial Holdings, Inc. (PINKSHEETS: BFHJ), a casino and hospitality investment and management holding company, purchased a hotel from a subsidiary of Grupo Lafise, S.A. The hotel is in Managua, Nicaragua. It is in walking distance to coffee shops, restaurants, the private hospital Salud Integral, and the Theatre Justo Rufino Garay, among other locations.
The hotel, to be known as "Hotel Beneficial," is now owned by Recreaciones Beneficial, S.A., a Nicaraguan corporation. The Company will establish a reservations website at www.hotelbeneficial.com shortly.
Presently, Beneficial possesses two gaming properties in Nicaragua and expects to take possession of a third location in Tipitapa, Nicaragua. The hotel will be the Company's fourth operating location. The Company's subsidiary will open an online casino for non-U.S. players, known as www.bet.cr in March 2010.
"We would like to thank Grupo Lafise for promptly closing on this transaction and we look forward to working with their bank, Bancentro, in Nicaragua with respect to future transactions," Alex Papic, Vice President of Beneficial Holdings, Inc., said.
