Business
Holiday Island Holdings, Inc., is in the Process of a Reg. A+ $5,000,000 Offering
Holiday Island Holdings, Inc., is in the Process of a Reg. A+ $5,000,000 Offering.
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[{"type":"text","content":"\n \n \n Holiday Island Holdings, Inc., is in the Process of a Reg. A+ $5,000,000 Offering\n \n \nHoliday Island Holdings, Inc., is in the Process of a Reg. A+ $5,000,000 Offering\n \n HOLIDAY ISLAND, AR--(Marketwired - Jul 19, 2017) - Holiday Island Holdings, Inc. (OTC PINK: HIHI), a development stage company operating in the land development sector of the market, released the news today that it has a Reg A + unregistered offering in the works with a New York-based investment firm.\n The Company has an agreement with GPL Ventures LLC -- a New York City-based investment group -- and it is in the process of completing the documents to raise up the $5M this year.\n As announced in recent press releases, the proceeds will be used to acquire certain properties located in the Holiday Island Shopping Center at a discount to market value, operate them at high yield, with the option to dispose at premium market prices. \n The properties to acquire consists of two (2) Medical Clinics and the adjacent Heliport and $ 2.0 million for the top 3 financially performing buildings in the center of the shopping center where consumer traffic is the heaviest. \n Combined, the medical facilities have 16,000 square feet of rental space with strong long term tenants for $ 1.5 million. The annual net income of the clinics is approximately $ 150,000 (actual clinic l + projected clinic II). The acquisitions will be done in stages, starting with clinic I for $ 1.0 million. Clinic II will be acquired when the occupancy and net income is maximize expected to be late 2017, or early 2018. Clinic II is projected to generate $ 67,000 in annual net income with an ROI of 8.2 %. The heliport will be deeded to the Company at no cost on the close of the purchase of clinic II.\n Acquisition of the 3 top performing buildings would give HIHI a monopoly on the local retail markets and, it will create synergy from its related services and proximity to the Medical Clinics. \n The 3 buildings consist of Sunfest Market, the most popular grocery store in the area; Powell's Hardware, a very successful regional chain; and, Fred's Discount and Pharmacy, a top performing store in the regional chain.\n Combined, these buildings have 51,000 SF of rental space on 3.5 acres, and they generate ~ $ 190, 000 of annual net lease income at a 9...