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Westbridge Financial Outlook Strong
Tue 20 May 2014
"We are experiencing opportunities that will generate significant revenues for our company" said Octavian Scutelnicu, CEO. It is a testament to our commitment to quality and on time performance.
A steady recovery in the hotel industry has spurred a wave of renovation projects, a trend likely to pick up speed in the coming year. Upgrades on lobbies, bathrooms and bedrooms are expected to ring in at $3.5 billion this year, 30 percent more than 2010, according to Bjorn Hanson, divisional dean of the Preston Robert Tisch Center for Hospitality, Tourism and Sports. This marks the first increase in renovation activity since 2008, when hotel upgrades topped $5.5 billion.
$1.5 Million Dollar Project Completed
Tue 20 May 2014
Welk Resorts, a leader in vacation ownership, chose Westbridge Construction to complete 72 luxury units at it's Escondido, CA location. The project was challenging and required several owner approved changes throughout the course of completion.
$2.5 Million Dollar Project Completed
Tue 20 May 2014
San Diego Zoo needed to recreate an updated image and add fire safety to their thatched roofing. Westbridge Construction successfully won the bid and completed the project on time and above the customer's expectations.
Timeshare/Resort Industry Segment Strong!
Tue 20 May 2014
At present, the global vacation ownership industry is recovering at a fast pace and both demand and supply factors are poised to observe substantial growth in the years to come. However, as the trend suggests, demand is growing relatively faster in comparison with supply. Increase in the factors like occupancy rates, average daily rate (ADR), and revenue per available room (RevPAR) have made significant contribution to the growth of the industry.
New Resort Construction Manager Hired!
Tue 20 May 2014
Osvaldo Olivarria has been hired to manage all of Westbridge Construction's resort projects. "Ozzie" has a extensive background in multi unit construction specific to hotel and resort properties. He has received strong accolades from his previous employers and we are proud to have him as part of our team.
$500,000 Custom Home Project Completed
Tue 20 May 2014
Westbridge Construction's commitment to detail and quality was the main decider when it was awarded a contract to renovate and update an exclusive home in a prestigious Southern CA community.
Westbrdige Showcased on Treehouse Masters Episode
Sat 07 Jun 2014
Westbridge Construction successfully completed a thatched roof project for an episode called Safari Hut of Treehouse Masters Season 2. Octavian Scutelnicu, CEO and Cladiu Giurea, VP Construction led a team to Washington State to participate in the filming and completion of the thatched roof.