In This Article:
Funds Will Be Used To Develop The $650 Million Dollar Bear Village Resort In Commerce, Georgia.
US Hospitality Real Estate Market Size Is USD 28.1 Billion In The Current Year And Is Anticipated To Register A CAGR Of Over 5.5% During The Forecast Period.i
ATLANTA, Aug. 14, 2024 /PRNewswire/ -- Webstar Technology Group (OTCQB: WBSR) today announced that it has filed for a public offering of stock under Regulation-A Tier II for $10 million with the SEC to develop the $650 Million Dollar resortii.
The project is estimated to net revenues of over $75 Million per year and bring significant tax revenues and jobs to Banks County, Georgia. This significant milestone marks the commencement of the development and initial land to be purchased for the highly anticipated Bear Village Resort.
Bear Village Resort (www.bearvillageresorts.com) is set to be a premier destination for thrill-seekers and the young at heart, offering an array of extreme adventure sports and unique entertainment options. Located in Commerce, Georgia, the resort will feature a wide variety of attractions designed to provide unforgettable experiences for visitors of all ages.
"This project is a major investment in Commerce, Georgia's future, and we're dedicated to creating a world-class destination that will draw visitors from across the region and beyond. Our Regulation-A Tier II public offering is a crucial step in bringing this vision to life. We look forward to the support of our investors and the community and we are incredibly excited to embark on this journey to create Bear Village Resort," said Ricardo Haynes, CEO of Webstar Technology Group."
Some of the Key Features of Bear Village Resort:
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Indoor and Outdoor Water Parks: Enjoy exhilarating water slides, wave pools, and relaxing lazy rivers in our state-of-the-art water parks.
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Adventure Park: Challenge yourself with zip lines, rock climbing, and obstacle courses in our expansive adventure park.
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Family Entertainment Center: Fun for the whole family with arcade games, mini-golf, and interactive attractions.
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Indoor and Outdoor Racing Tracks: Experience the thrill of high-speed racing on our cutting-edge tracks.
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Aquarium: Explore the wonders of marine life with our world-class aquarium exhibits.
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Themed Hotel with 600 Rooms: Stay in style and comfort at our uniquely themed hotel.
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Conference Center: Host events and meetings in our fully equipped conference center.
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500 Condo Hotel/Timeshares: Enjoy the convenience and luxury of our condo hotels and timeshares.
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Restaurants and Retail: Indulge in a variety of dining options and shop at exclusive retail outlets.
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Other One-of-a-Kind Amenities: Discover a host of unique features and attractions that set Bear Village Resort apart.