Business
LIG Assets, Inc. Acquires Property in Tyler, Texas to Construct New Hotel
LIG Assets, Inc. Acquires Property in Tyler, Texas to Construct New Hotel.
About this update from Lig Assets, Inc.
[{"type":"text","content":"\n\n\n\n\n\n\n\nLIG Assets, Inc. Acquires Property in Tyler, Texas to Construct New Hotel\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nLIG Assets, Inc. Acquires Property in Tyler, Texas to Construct New Hotel\n\nPR Newswire\n\nDALLAS, April 17, 2013\n\n\n\n\n\n\n\nDALLAS, April 17, 2013 /PRNewswire/ -- LIG Assets, Inc. (OTCPK: LIGA), a Company focused on residential and commercial real estate, announces it has closed its first real estate transaction with OM SHRI JJB, LLC to construct a new hotel. The current tract of land is on Gentry Pkwy in Tyler, Texas.\n\n\nOn March 19, 2013, it was announced that LIG Assets had entered into an agreement to acquire properties in Texas for use as hotels. The properties may be existing structures that would be refurbished, or built to suit the client and leased back. Plans for the size and structure of the first site have begun.\n\n\nCEO of LIG Assets, Jeff Love said, \"We are very excited to finalize this deal and inform our shareholders. We continue to add properties and revenues to our portfolio of business.\" He added, \"With the recent uptrend in the real estate markets, we feel we are poised for growth in the coming years.\"\n\n\nIn addition, LIG Assets Inc. will soon announce an exciting update regarding our new partnership with The Gillmann Group, LLC. Since 1989, The Gillmann Group has been at the forefront of gaming operations and gaming equipment consultations. See recent announcement for more information at: http://finance.yahoo.com/news/lig-assets-gillmann-group-circling-181800447.html \n\n\n\n\nAbout LIG Assets, Inc.\n\n\n\nLIG Assets, Inc., based in Dallas, TX, is a Company focused on residential and commercial real estate. Through our Strategic Alliance with Texas Real Estate Hedge Fund, MMR Realty Advisors, and InterContinental Real Estate Partners, LIG Assets will expand its focus on multifamily, retail, hotel, casino, and office properties with valuations between $3 and $100 million. \n\n\nLIG Assets, Inc. trades on the pink sheets under the ticker symbol \"LI...