Business
Golden Triangle Ventures Executes Purchase Agreement to Acquire Approximately 70 Prime Acres for Its Destino Ranch Project in Arizona
Golden Triangle Ventures Executes Purchase Agreement to Acquire Approximately 70 Prime Acres for Its Destino Ranch Project in Arizona.
About this update from Golden Triangle Ventures Inc.
[{"type":"text","content":"\n LAS VEGAS, March 13, 2024 (GLOBE NEWSWIRE) -- via IBN -- Golden Triangle Ventures, Inc. (OTC PINK: GTVH) (“GTV” or the “Company”) is pleased to announce the execution of an Agreement to acquire approximately 70 acres of prime and improved land for its Destino Ranch (”Destino”) project, a flagship venture under its entertainment division. Located strategically in Arizona, this achievement marks a significant milestone for Golden Triangle Ventures. The Destino Ranch Project is planned as a multifaceted destination center set to redefine entertainment and hospitality in the region while being sustainable. The original owner of the property has invested a significant amount of time and resources into the location and has now tapped Lavish Entertainment and its newly appointed President, Marco Moreno, to take the lead in developing the vision for Destino Ranch. \"We are thrilled to acquire this well-placed valuable piece of property with critical infrastructure in place. It will dramatically increase our speed into the market,\" said Moreno. The significantly improved property currently includes perimeter fencing, graded roads, solar power systems, large permanent structures, multiple garden areas with nutrient-rich organic soil, a well, a septic system, complete irrigation systems for all the trees, security cameras, and heavy equipment for upkeep and development. These upgrades represent a substantial investment totaling nearly $6 million, which has turned this once-vacant land into a beautiful oasis that provides the initial infrastructure needed to begin the development of Destino Ranch. Situated just a few miles from a bustling freeway with easy access and well-maintained roads, Destino Ranch holds immense promise as a premier tourist destination and entertainment complex. Development plans are already underway to open the gates to the public as soon as possible. Moreno is working day and night to curate a leadership team comprised of rock stars in the entertainment and hospitality industry who will assist in the execution strategy for Destino Ranch.   Steffan Dalsgaard, CEO of Golden Triangle Ventures, stated, \"This marks a significant step forward in our vision to create a one-of-a-kind destination that celebrates art, music and entertainment year-round. Our entire team is beyo...