JZZ Technologies Inc. (OTC:JZZI) Stock Rallies 20%: But Why?

Considering the news that emerged with regards to JZZ Technologies Inc. (OTC:JZZI) yesterday, it may be a good time for investors to take a closer look into it and then make their minds up about the stock. It emerged on Thursday that the company’s fully owned subsidiary unit, Travel Zen Inc., had launched a move pertaining to the acquisition of 300 targeted vacation resort property deeds.

The acquisition would add to the existing portfolio of 60 vacation resort property deeds already owned by Travel Zen. The deeds in question would be vested in Portfolio Partners Inc., a subsidiary unit of JZZ Technologies and the parent company of Travel Zen.

It was revealed that Travel Zen was working on rolling up a vacation rental timeshare weeks portfolio and had moved its focus to the spring break weeks at some of the more in-demand resorts located in Vail Valley, Colorado. Most of the concerned units are situated in Avon, Colorado, and provide ease of access to the ski resorts at Vail and Beaver Creek.

Additionally, some of the participating resorts in the area include high-class resorts like the Sheraton Lakeside Terrace, Falcon Point Resort, and Sheraton Mountain Vista. The resorts would be responsible for taking care of all the different aspects of the maintenance and rental programs pertaining to the deeds held by Travel Zen.

David Wentraub, the Chief Executive Officer of Portfolio Partners, spoke about Travel Zen’s strategy yesterday. He noted that the reason Travel Zen had decided to target the 300 deeds was to expand the company’s resort vacation portfolio considerably. Additionally, the company would also work with many established timeshare providers so that expansion could be achieved at a rapid pace. Wentraub went on to state that the company had already become profitable after selling its current portfolio for more than 60 weeks.