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$GBBT News – Global Boatworks Nears Completion of Flagship Luxuria Class Vessel

Tuesday, November 29, 2016 6:27
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FinancialNewsMedia.com News Alert: Vessel to add over $1M in Asset Value with Sales Price Expected at $1.5M; $1,000-1500 per day as a Rental – POMPANO BEACH, FL – (http://www.financialnewsmedia.com News Alert) – Global Boatworks Holdings (OTC: GBBT) announced the following update today:

Construction of the Luxuria – The “Luxuria” is currently under construction at the Lauderdale Marine Center in Fort Lauderdale, FL. The total square footage of the complete vessel will be 1966 feet. The hull as well as both floors are framed out. As of our latest production schedule, completion dates for individual milestones are as follows:

Interior doors and hardware completion by end of first week in December. Cabinets and electrical work to be completed by the end of the third week of December. Decks and railing first week in January, 2017. Flooring, glass and tile work to be complete by mid-January. Engines for the Luxuria will be installed last which is slated to occur 25 January, 2017. Completion and Documentation is expected to occur on or before 26th January, 2017.

Sales and Rentals of the Luxuria Class Vessels – Sales price of the Luxuria class luxury floating vessels will be in the $1.5 million range. The units are expected to rent for $1,000-1,500 per night. Each vessel will have 1,600 square feet of air-conditioned luxury living space and amenities which is far greater than comparable hotel rooms, which rent for the same price in the local area. Rates will be higher for special event occasions and holidays as well as a higher rate for the winter months. Read this and more news for GBBT at: http://financialnewsmedia.com/profiles/gbbt.html

Bob Rowe, CEO of Global Boatworks, stated, “We are pleased to be on track for completion of our first Luxuria class luxury living vessel by late January.”

Rowe continued, “The Luxuria will enable us to add over one million dollars in asset value and at the same time, we expect it to be more than just an asset on the books; it will be an income producer. The sale of the Miss Leah in Boston will enable us to get a running start on construction of the second Luxuria class vessel.”

The Luxuria is the first of two flagship and showcase vessels to be constructed…

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