Holiday Island Holdings, Inc. Announces Medical Clinics Acquisition Progress
BRANSON MO NEWS: HOLIDAY ISLAND, AR–(Marketwired – Mar 14, 2017) – Holiday Island Holdings, Inc. ( OTC PINK : HIHI ), a development stage company operating in the land development sector of the market, announced today that it is negotiating with the seller to acquire the Medical Clinics located at Holiday Island, Arkansas.In step with its strategy to acquire certain properties located in the Holiday Island Shopping Center at a discount to market value and ultimately dispose at market premium prices, the Company is in negotiations with the seller to purchase its only local Medical Clinics.The properties consist of two (2) Medical Clinics and the adjacent Heliport. Combined, the medical facilities have 16,000 square feet of rental space with strong long term tenants. The current annual gross income is approximately $ 170,000 with ROI of 8.1 %, and there is upside to the rental income and returns.Gene Thompson, CEO of Holiday Island Holdings, said, “As we announced recently, we are first targeting commercial properties located in the Holiday Island Shopping Center with high occupancy and returns, including medical, storage, and retail facilities with strong tenants.””A successful acquisition of these Medical Clinics would immediately give the Company high yield and occupancy income producing real estate properties and $1.5 million in …
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