MIAMI BEACH, FL--(Marketwired - Mar 3, 2016) - Cre8tive Works, Inc. ("Cre8tive") (OTC PINK: FILM) announces the expansion of business plan to incorporate acquisition of hotel and supporting businesses to film studios development.
Cre8tive is actively seeking partners in the acquisition of, or operational license on a 200-300 room hotel facility in the surrounding area of the planned film studio facilities in the United States Commonwealth of the Northern Marianas Islands (CNMI), to be used as a boutique hotel facility supporting the overall business of the film studio development. It will be necessary to have a lodging base for film and media personnel as they come to Saipan and utilize the studio facilities for their film projects.
The US Commonwealth currently is experiencing a lack of operating and available hotel rooms to accommodate their increasing numbers of tourists, mostly out of Asia, but does have a number of facilities that are available turn-key or for refurbishment. Cre8tive has begun interviewing a number of Venture Capital firms to assist with non-dilutive funding for this type of expansion, separate from the planned film studios.
Cre8tive has already identified viable facilities to be transformed into soundstages while working directly with local real estate company, Marianas Living, while in Saipan and is actively considering various unique non-dilutive financing tools for these types of real estate acquisitions.
The US Commonwealth of the Northern Marianas Islands, which is 15 hours ahead of US Eastern Standard time, along with Puerto Rico, are insular areas of the United States and are the only two United States territories with "commonwealth" status. The residents of these areas are US Citizens and their currency is the US Dollar. https://goo.gl/qHGKvU
Saipan, which is known as "the most beautiful place in America you've never heard of" is the island capital of the US Commonwealth of the Northern Mariana Islands. The CNMI is an unincorporated territory of the United States of America located 120 miles north of Guam, 3711 miles west of Hawai'i and 1460 miles southeast of Japan, and was recently portrayed on the HGTV show "Beachfront Bargain Hunt". http://goo.gl/WPgXhm
About Cre8tive Works, Inc.
Cre8tive Works specializes in the financing of production ready, independent films that have great potential for financial success. The Company's mission is to identify projects that strike a balance between artistic integrity and commercial viability for the international market and to develop strong relationships with independent filmmakers that will assist them in bringing their vision to fruition while ensuring a solid financial return. Cre8tive Works intends to focus on various countries that comprise the Asian film market.