March 17, 2019
With the commissioning of a 22-room boutique on the cusp of New Kingston and pending rollout of new suites at Villa Ronai, Pulse is looking to carve out more earnings for the leisure side of the company that is better known for models and fashion.
“We anticipate that using a room rate of US$100 per night with nominal room occupancy of, say, 70 per cent, our estimate is that we will be bringing in an additional J$70 million in revenue,” says Pulse Investments chairman Kingsley Cooper, who says that for now, the rooms at Pulse Centre in Kingston are fully booked.
He says that when fully functional, the villas being rolled out at Villa Ronai would push earnings for the hospitality segment to around $300 million.
Read more: http://jamaica-gleaner.com/article/business/20190317/pulse-doubles-down-leisure-and-new-investor-bogdanovich-loves-it