Holiday Island Holdings, Inc. ( OTCMKTS: HIHI ) – that operates within the leisure associate degreed remote assets markets – proclaimed on October 26th, 2020 that it plans to enter into a venture agreement to amass and manage an existing RV fleet close to city of Dallas. The acquisition value for the park is estimated to be $1.3 million.
The preliminary agreement mentions that Holiday Island Holdings, Inc. ( OTCMKTS: HIHI ) rents and manages the property from the venture partner and retains all financial gain and profits. The property presently generates close to $90,000 in annual Earnings Before Interest Taxes Depreciation and Amortization. The park and its facilities will expand, so it will up profits.
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Gene Thompson, corporate executive and chief adviser of Vacation Island Holdings, said
“We are excited about reaching this phase on this park with the expectation of closing in mid-December.”
He continued to state that the primary focus will be to locate other chances that are now operating in an earnings mode, which may be underachieving, and therefore underrated. The management team is skilled in locating, acquiring, enhancing, and remediating these circumstances, and they expect to increase their success accordingly. While they are seeking existing active properties, they will also consider those that have physical amenities in place, but are not currently operative, and in fact, they are sharply fixated on two of those scenarios at this time.
Holiday Island Holdings, Inc. ( OTCMKTS: HIHI ) is seeking applicable funding to become a major player within the elite geographical asset’s segments. They are looking to consider a variety of potential recreational and remote life opportunities, and plan to report them to shareholders and also the investment community once they arise.
Holiday Island Holdings, Inc. states it will keep shareholders and also the public totally educated concerning the whole method as details still evolve. See the press releases concerning the company’s progress. For more info on this, visit the company’s web site at http://www.holidayislandholdings.com.
Holiday Island Holdings, Inc. ( OTCMKTS: HIHI ) Video
Holiday Island Holdings, Inc. ( OTCMKTS: HIHI ), operating in the recreational and remote living real estate market announced that it is planning to enter into a joint venture arrangement to acquire and operate an existing RV park near the Dallas/Ft. Worth MetroPlex. The acquisition price for the park is $1.3 million.
The preliminary agreement calls for HIHI to lease and manage the property from the joint venture partner and retain all revenues and profit. Currently the property is generating approximately $90,000 in annual EBITDA. The park and its amenities can, and are planned to be enhanced and expanded, and the profits thereby improved. Gene Thompson – CEO and Chief Strategist of Holiday Island Holdings said the company expects closing on the RV Park in 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…”
Thompson also said his company is currently looking at two other prospective properties for potential acquisition as well.