Haz (CE) (USOTC:HAZH)
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From May 2019 to May 2024
Haz Holdings, Inc. (OTC:HAZH) (“Haz Holdings”
or the “Company”),
announced the closing of the merger, effective March 15, 2007, between
Haz Holdings Inc., a Texas corporation, f/k/a Oncology Med, Inc., and
Haz Holdings, Inc., a Delaware corporation (the “Merger”),
that, as a result of the Merger is now the wholly-owned and operating
subsidiary of the Company. The Company originally announced the merger
agreement on February 5, 2007.
The Company’s primary business is the
ownership and management of hotel properties. The Company wholly-owns
three family friendly mid-range business hotels operating under the
brand names “Hotel Marquis & Suites”
and “Marquis Inn & Suites”
(www.hazhotels.com). Its existing
hotels consist of the 174-room Hotel Marquis and Suites Intercontinental
Airport hotel in Houston, Texas, the 203-room Hotel Marquis Airport in
San Antonio, Texas, and the Marquis Inn & Suites, a 30-room economy
hotel with 70 recreational vehicle units in Edmonton, Alberta, Canada.
Haz Holdings’ five year business plan is to
increase its ownership portfolio by acquiring 100-300 rooms hotel
properties, while concurrently franchising additional hotels under its
brand names. Near term strategy is to acquire properties at below
replacement value and leverage its holdings toward further expansion.
Haz Holdings recently announced agreements with Air France, American
Airlines, China Airlines and Continental Airlines to provide
accommodations to stranded air travelers departing from George Bush
Intercontinental Airport in Houston, Texas and San Antonio International
Airport in San Antonio, Texas.
The Company’s portfolio includes wholly-owned
subsidiaries: Mortgage and Financial Institute, LLC (www.mfibanking.com),
a mortgage brokerage company specializing in commercial and residential
lending in Washington and Alaska; Nationwide Hotel Management, LLC, a
hotel management company; KB Realty Group International LLC, a
commercial and residential real estate sales company; Evergreen Sound
Construction, LLC, a commercial and residential development company; and
DoTravelDeals (www.dotraveldeals.com),
a global travel booking engine.
Karim Bhanji, CEO of Haz Holdings: “Now that
the merger is complete, the Company can continue to focus on our goal of
acquiring up to 75 corporate-owned properties and franchising our
corporate hotel brand to 155 properties throughout North America over
the next 5 years. We also look forward to the exposure this will bring
as we seek to expand the Company’s other
subsidiaries.”
About Haz Holdings, Inc.
Haz Holdings owns and manages three mid-scale, full-service hotels in
the United States and Canada, under the brand names “Hotel
Marquis & Suites” and “Marquis
Inn & Suites.”
More information about Haz Holdings, Inc. can be found at http://www.hazholdings.com.
NOTE: This press release may contain ``forward-looking statements.'' In
some cases, you can identify forward-looking statements by terminology
such as ``may,'' ``will,'' ``should,'' ``could,'' ``expects,''
``plans,'' ``intends,'' ``anticipates,'' ``believes,'' ``estimates,''
``predicts,'' ``potential,'' ``continue'' or the negative of such terms
and other comparable terminology. These forward-looking statements
include, without limitation, statements about our market opportunity,
our strategies, competition, expected activities and expenditures as we
pursue our business plan, and the adequacy of our available cash
resources. Although we believe that the expectations reflected in any
forward-looking statements are reasonable, we cannot guarantee future
results, levels of activity, performance or achievements. Actual results
may differ materially from the predictions discussed in these
forward-looking statements. Changes in the circumstances upon which we
base our predictions and/or forward-looking statements could materially
affect our actual results. Additional factors that could materially
affect these forward-looking statements and/or predictions include,
among other things: (1) the company’s ability
to manage its current merger transaction; (2) the company's limited
operating history; (3) the company's ability to pay down existing debt;
(4) the company's ability to secure necessary financing for its property
acquisitions; (5) potential litigation by shareholders and/or former or
current advisors against the company; (6) the company's ability to
comply with federal, state and local government regulations and/or
unforeseen changes in federal or and government regulations; and (7) the
risks inherent in the investigation and consummation of the acquisition
of a new business opportunity or other factors over which we have little
or no control.