BRIEF & NEWS

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ANYWEHERE CAN HAPPEN_

Suites for the people, that can Pop-Up anywhere in the world from remote sand beaches to remote exotic resorts. We want to respect the environment and therefore we consider that leaving no trace after enjoying beautiful landscapes is important to maintain a sustainable planet. These suites require no digging in the ground and can be removed anytime without a trace.

What is happening
in poshtel popup
WEEK 32

Updated 7th of August 2017
WEEK 32

  • Negotiation Japan exclusive country franchise
  • Signed exclusive country franchisee Korea
  • So far we have agreed to deliver up to 800 suites worldwide
  • In negotiations for franchisee with Italy
  • We have signed exclusive country franchise in China
  • Closing the 1st landowner in Korea (Jeju Park)
  • Memorandum of Understaning with XCube (supplier) – manufacture the container – Shanghai
  • moving forward to close suppliers agreements
  • Nina Nyborg full time employee from august

1: Korea status
Visited 3 places:
1. Incheon
a. Signed MoU with Incheon Tourism Organisation
b. Visited potential sites ​(one of them is partnered with the KoreanAir – they want to
partner with us and visit CPH)

2. Seul
a. Bryan (the Landowner) agreed on the Heads of Terms
b. Biovill: showed farm container. Raised a question regarding the marketing budget
3. Bushan
a. Manufacturing opportunities
b. Visited 3 secondary sites

Agreed:
1. Finalizing landowners agreement with Bryan asap
2. 50% franchise fee for Biovill/Poshtel PopUp Korea) approved.
3. PMS team to show the marketing package for franchisees
4. Marketing staff working hours to be paid from the franchise marketing budget
5. Total potential sites in Korea: 5-8
6. Total units (currently): 240

Japan status
1. Franchise meeting with Ueno and Steve. Contract will be finalized in the next 2 weeks
2. Met potential landowners in Tokyo and Okinawa
3. Explore possibilities of putting at least 10 units for the Olympics 2020
Re.3: China Status
1. Giant forward ventures (exclusive franchisee) has wired the money over the weekend
2. Next steps in China:
a. Build a prototype in China (Sissel and the team are working on it)
b. Define the technical needs (5th element/utility system etc.)
c. Collaboration with the provincial governments (payment 50% upfront, 50% upon
delivery. Set a management contract for the operations upon the delivery and a
service contract for the replacements)
d. Getting the office in Shanghai – paid by Giant forward ventures, free of charge for
Poshtel (until we build Poshtel PopUp office)

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