Holiday Island Holdings Reaches Agreement for Acquisition Funding

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BRANSON MO NEWS: HOLIDAY ISLAND, Ark., Sept. 18, 2017 (GLOBE NEWSWIRE) — Holiday Island Holdings, Inc. (OTCPink:HIHI) – a development stage company operating in the land development sector of the market – released the news today that it has made an arrangement with an industry leading Atlanta-based private investment firm to raise the capital for its commercial income producing properties, all located at Holiday Island, Arkansas.In summary, the Company has lined up the acquisition of $ 3,300,000 of commercial income producing real estate, all located at in the Holiday Island Shopping Center.  The “Park” Shopping Center is the newest and largest in the area, with about 50 retail, medical, and services facilities leasing spaces from the owners.  Even better, these properties can/will be acquired in stages in order of highest occupancy and yield, and strongest tenants.Below is a summary of the acquisitions and features:BLDG NAME   ACQ COST  NET/YR ROIRAISE TYPE        El Mariachi Restaurant$120,000$16,00013.3%Convertible Note     Powell’s Hardware $340,000$29,0008.3%3(a)10     Medical Clinic I $1,000,000$81,0008.1%3(a)10     Sunfest Super Market $1,000,000$100,00010.0%3(a)10     Fred’s Dollar & Pharm $660,000$55,0008.3%3(a)10     TOTAL $3,120,000   Note: El Mariachi includes additional prime shopping center land for $ 80,000 making the total acquisition costs $3,300,000Gene Thompson – CEO and Chief Strategist of Holiday Island Holdings said, “We are pleased to make this announcement, and we believe the revenues and return have significant upside as the Holiday Island developer has only slightly raised the rent on a few of the buildings, and not at all on most of the properties, since they were built.” The Company’s main goals for 2017 are to finalize a multi-million dollar fund raise …


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