Holiday Island, Arkansas–(Newsfile Corp. – October 28, 2020) – Holiday Island Holdings, Inc. (OTC Pink: HIHI) – operating in the recreational and remote living real estate market – released the news today that it is negotiating a potential acquisition of a second highly recognized large RV & Cabin Park with substantial amenities near a major Louisiana Metro Area.
The Company has appointed the Lantana Capital Advisors – a real estate consulting firm – to assist in the negotiation of the acquisition of the property as its binding Agent. The acquisition is pending completion of the due diligence, financing, and verification of the park’s EBITDA.
Gene Thompson – CEO and Chief Strategist of Holiday Island Holdings – said, “We are excited about reaching this phase on this second park with the expectation of closing them by mid-December.”
He further stated: “Our primary focus is to locate opportunities that are now operating in an earnings mode, which may be underperforming, and therefore undervalued. Our management team is experienced in locating, acquiring, enhancing and remediating these situations, and they expect to increase their profitability accordingly. While we are seeking existing operational properties, we will also consider those that have physical facilities in place, but are not currently operational, and in fact, we are sharply focused on two of those prospects at this time. We will keep you apprised of our progress.”
We are also seeking suitable funding to become a significant player in our chosen geographic real estate segments. We are currently evaluating numerous prospective recreational and remote-living opportunities, and we will report these to shareholders and the investment community as they materialize.
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 press releases about the Company’s progress. For additional information, please visit the Company’s website at www.holidayislandholdings.com.
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Gene Thompson, CEO & Chairman
Phone: (479) 244-6047
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/66988
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