World News: 15:51 GMT Monday 11th February 2019. [Holiday Island Holdings, Inc. via Globe Newswire via SPi World News]
HOLIDAY ISLAND, Ark., Feb. 11, 2019 (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 executed an Option to Buy Agreement with the owner to buy an approximate 1.5-acre tract of land in the Park located in the Holiday Island Shopping Center.
The property is strategically located for a number of commercial and or residential developments. Nearby amenities include a Children’s Park, Recreational Pavilion, Veterans’ Memorial, and Amphitheatre. Also, Holiday Island’s new and exclusive Wolf Wellness Center and 24/7 Fitness center is just down the street.
Medical Clinics, 24/7 Air Evac, Wellness Center and 24/7 Fitness, Grocery Store, Hardware Store, Pharmacy, about 50 retail commerce businesses are within walking distance of the property.
One property utilization option being discussed is to develop a Tiny Home Community of say, 20 units, landscaped, and with a community garden. The Company is also in talks with nearby Tiny Home Community developer that is selling units from $35,000 and up.
The tract consists of approximately 2 acres, and it has frontage on Highway 23 – one of the State’s most heavily traveled Scenic Highways.
Acquisition funds are planned to be raised in an unregistered offering in the 1 quarter of this year. Gene Thompson - CEO and Chief Strategist of Holiday Island Holdings said, “We are pleased to make this announcement, as it is our first opportunity to put a significant asset on the books. And, to be involved in the Tiny Home movement sweeping the country.
“The Company’s main goals for 2019 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 .
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.
Globe Newswire: 15:51 GMT Monday 11th February 2019
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