HOLIDAY ISLAND, Ark., Sept. 18, 2017 (GLOBE NEWSWIRE) -- Holiday Island Holdings, Inc. (OTCPink:HIHI) - a development stage company operating in the land development sector of the market – released the news today that it has made an arrangement with an industry leading Atlanta-based private investment firm to raise the capital for its commercial income producing properties, all located at Holiday Island, Arkansas.
In summary, the Company has lined up the acquisition of $ 3,300,000 of commercial income producing real estate, all located at in the Holiday Island Shopping Center. The “Park” Shopping Center is the newest and largest in the area, with about 50 retail, medical, and services facilities leasing spaces from the owners. Even better, these properties can/will be acquired in stages in order of highest occupancy and yield, and strongest tenants.
Below is a summary of the acquisitions and features:
|BLDG NAME||ACQ COST||NET/YR||ROI||RAISE TYPE|
|El Mariachi Restaurant||$||120,000||$||16,000||13.3||%||Convertible Note|
|Medical Clinic I||$||1,000,000||$||81,000||8.1||%||3(a)10|
|Sunfest Super Market||$||1,000,000||$||100,000||10.0||%||3(a)10|
|Fred’s Dollar & Pharm||$||660,000||$||55,000||8.3||%||3(a)10|
Note: El Mariachi includes additional prime shopping center land for $ 80,000 making the total acquisition costs $3,300,000
Gene Thompson - CEO and Chief Strategist of Holiday Island Holdings said, “We are pleased to make this announcement, and we believe the revenues and return have significant upside as the Holiday Island developer has only slightly raised the rent on a few of the buildings, and not at all on most of the properties, since they were built.”
The Company’s main goals for 2017 are to finalize a multi-million dollar fund raise and become a significant player in local commercial and residential markets at Holiday Island, Arkansas.”
Holiday Island Holdings, Inc. will keep both its shareholders and public completely informed of the entire process as the details continue to develop. Please watch for regular press releases about the Company’s progress. For additional information, please visit the Company’s website at www.holidayislandholdings.com.
About Holiday Island Holdings, Inc. (OTCPink:HIHI):
Holiday Island Holdings, Inc. is operating its core business in land development in a continued effort to acquire and further develop income producing commercial and residential real estate located in Holiday Island, Arkansas. The company is in the process of further developing a town poised to become the largest community between Northwest Arkansas Metroplex and Branson, Missouri, and prosper in its participation in the local retail, commercial, and residential markets.
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This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by the following words: "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "ongoing," "plan," "potential," "predict," "project," "should," "will," "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainty and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.
Source:Holiday Island Holdings, Inc.