Business
JZZ Technologies, Inc. and Subsidiary LION Development Group, Enter into JV Agreement with affiliate of Hospitality Development Group, Inc. of Florida to Pursue Residential and Commercial Real Estate Projects
JZZ Technologies, Inc. and Subsidiary LION Development Group, Enter into JV Agreement with affiliate of Hospitality Development Group, Inc. of Florida to Pursue Residential and Commercial Real Estate Projects.
About this update from Ideal Group Of Companies Inc.
[{"type":"text","content":"Anderson, South Carolina--(Newsfile Corp. - October 18, 2022) - JZZ Technologies Inc., (OTC Pink: JZZI) (\"JZZ\" or the \"Company\"), a diversified company focused on digital media, biotechnology acquisitions related to human life extension longevity and active lifestyle real estate development, and its subsidiary LION Development Group, have entered a non-exclusive Joint Venture agreement with AJ Developments Group, LLC an affiliate of Hospitality Development Group, Inc. (\"HDG\"), a Ft. Lauderdale, Florida-based real estate development company.The JV has been formed to develop multiple residential and commercial real estate projects, initially in South Carolina and Florida, and then expanding to surrounding regions in the south eastern United States. Hospitality Development Group is a development company specializing in hotel, resort, and residential developments. HDG also provides advisory and consulting services for all various real estate development needs. In addition, HDG may also assist securing commercial debt and equity financing for projects it pursues.The driving force behind HDG is developer Jerrold R. Krystoff whose development experience includes hospitality, high-rise residential, commercial, and retail and healthcare, with over $2 billion dollars in various development projects. Mr. Krystoff is a seasoned real estate entrepreneur and developer in Florida and has been participating in various real estate investments and developments since 1979. He is the Chairman, CEO, and Co-Founder and Principal of Hospitality Development Group, Inc., established in 1998. Mr. Krystoff was also a co-founder and Principal of Colonial Development Group LLC, the developer of various prestigious projects including the W Fort Lauderdale Hotel and Residences, Infinity at Brickell, and Europa by The Sea. Commenting on the JV, Charles Cardona, CEO of JZZ Technologies, Inc., stated, \"Joining with Hospitality Development Group and Jerry Krystoff is a major step forward for our Company's young real estate development division. It immediately elevates us to a whole new level of capacity and brings impressive credentials to our projects that can only be gained from decades of successful development projects, in many cases on a massive scale.\"\"We look forward to launching new projects as we consummate our plans with HDG. We expect to begin...