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International Land Alliance, Inc. operates as a residential land development company primarily in the Baja California Norte region of Mexico. Founded in 2013 and based in San Diego, California, ILAL purchases properties, subdivides them into residential and commercial building lots, finances, and sells them to homebuyers, retirees, investors, and developers. The company is committed to innovation, sustainability, and energy-efficient solutions. Recent achievements include the planned new clubhouse and beachfront boutique hotel at the Oasis Park Resort in San Felipe. With a focus on eco-friendly real estate development, ILAL aims to enhance the quality of life for its communities through advanced technologies and sustainable practices.
International Land Alliance (OTCQB:ILAL) reported strong Q3 2024 financial results, with revenues reaching $1.3 million, up from $0.4 million in Q3 2023. Nine-month revenues surged to $7.1 million, compared to $1.1 million in 2023. The company achieved operational profitability, with income from operations of $0.3 million in Q3 and $4.5 million for the nine months. Operating cash flow improved significantly, providing $0.7 million in the first nine months of 2024 versus using $1.1 million in 2023. The company also announced the promotion of Lyzzette Patricia Liceaga Vega to Director of Mexico Business Operations.
International Land Alliance (OTCQB:ILAL) has announced the first construction contract at its Oasis Park Resort in San Felipe, Baja California. The resort, opened for sales last quarter, features 500 homesites with a gross lot sales potential of over $15,000,000 and a gross potential construction revenue of over $125,000,000.
ILAL's President, Frank Ingrande, highlighted this milestone as being a full quarter ahead of their internal schedule. The company plans to simultaneously break ground on a 72-room condotel at Oasis Park Resort, branded as "Cabo Oasis Resort and Spa". This development will serve as amenities for property owners at both Oasis Park and Rancho Costa Verde.
The company's strategy builds on its success at Rancho Costa Verde, where it developed 1,200 homesites, sold over 1,000, and built over 100 homes and a boutique hotel. The remaining 1,000 homesites at Rancho Costa Verde represent a potential construction revenue of $275,000,000.
International Land Alliance (OTCQB:ILAL) has engaged a Las Vegas-based company to manage its newly-formed construction division. This division will oversee potential construction revenue of $275 million for the remaining 1,000 homesites at Rancho Costa Verde and $125 million for 500 homesites at Oasis Park Resort.
The construction team's principal has over 30 years of experience and is a property owner at Rancho Costa Verde. Their responsibilities include allocating jobs to subcontractors, project management, quality control, and owner communication.
ILAL President Frank Ingrande stated that becoming the general contractor will allow the company to scale up home construction volume and increase profit margins. Previously, ILAL referred clients to local builders at Rancho Costa Verde.
International Land Alliance (OTCQB:ILAL) reported $625,000 in sales from its first fall 2024 sales event at Rancho Costa Verde and Oasis Park. This includes seven homesite sales and one new home construction contract. ILAL's President, Frank Ingrande, views this as a positive indicator for the traditionally strong fall season. He highlighted improving advertising effectiveness, progress in sales from newly released Oasis inventory, and established revenue channels at Rancho Costa Verde.
Ingrande expressed optimism about the company's momentum, stating that the team is 'delivering at a rapid clip' with much to look forward to. ILAL, based in San Diego, focuses on acquiring raw land in Northern Baja California, developing properties that offer diverse investment and living options.
International Land Alliance (OTCQB:ILAL) reported its Q2 2024 unaudited results, showing significant improvements:
- Quarterly sales volume increased to $740,000 from $485,000 in Q2 2023
- Net loss reduced to $20,000 from $440,000 in Q2 2023
- Sales for the first six months of 2024 reached $5,830,000 with a net income of $3,630,000
- Total assets grew to $30.6 million
- Total stockholders' equity rose to $14.9 million
CEO Frank Ingrande emphasized the company's focus on thoughtful growth and selective resource deployment into high-quality opportunities. ILAL, based in San Diego, specializes in acquiring raw land in Northern Baja California, leveraging technology for sustainable and socially responsible development solutions.
International Land Alliance (OTCQB:ILAL) has announced the approval of plans and final site location for its 72-room condotel, branded as 'Cabo Oasis Resort and Spa', at Oasis Park Resort. The condotel will be built on the beach fronting a natural lagoon in several phases, serving as amenities for property owners at Oasis Park and Rancho Costa Verde.
The Sante Fe style design will be a scaled-up version of the existing boutique hotel at Rancho Costa Verde. The project aims to provide recurring revenue through management fees, in addition to land sales and construction. ILAL's CEO, Frank Ingrande, believes this resort will be a catalyst for attracting additional airline carriers to bring commercial flights to the nearby San Felipe International Airport.
International Land Alliance (OTCQB: ILAL) reported record results for Q1 2024, with quarterly sales reaching $5.1 million and a net income of $3.7 million, translating to $0.05 per diluted share. The company's total assets increased to $30.4 million, with current assets rising to $1.7 million. Total stockholders' equity also grew to $14.4 million. ILAL attributes its enhanced performance to strategic growth initiatives and operational efficiencies. The company plans to build on this momentum throughout 2024 and beyond.
International Land Alliance (OTCQB: ILAL) announced its 2023 year-end financial results, showcasing significant growth. The company's annual sales volume reached $7.1 million, marking a substantial increase. Total assets soared from $1.1 million in 2022 to $30 million in 2023, and current assets rose from $100,000 to $1.8 million. According to CEO Frank Ingrande, Q4 2023 sales volume alone surpassed all previous revenue combined. The company successfully consolidated operations at Rancho Costa Verde and transitioned to a new independent auditor. Despite inflationary and currency exchange challenges, ILAL achieved notable revenue growth and reinvested in its business. ILAL focuses on acquiring raw land in Northern Baja California, leveraging technology for sustainable and socially responsible development.
International Land Alliance (ILAL) has acquired 20 beachfront acres adjacent to their Oasis Park Resort. This acquisition adds 36 residential homesites, with projected gross land sales of $2 million and potential construction revenues of $9 million. The deal was completed without any cash at closing; payments will be made as a percentage of sales. President Frank Ingrande highlighted the success of recent sales at Phase I and the strategic growth potential without depleting cash, incurring debt, or issuing equity. The company focuses on acquiring land in Northern Baja California, aiming for sustainable and socially responsible development.
International Land Alliance (ILAL) reported significant sales achievements for May 2024.
Highlights include home site sales at Rancho Costa Verde totaling $500,000, completed home sales of $580,000, $900,000 in new home construction contracts, and $400,000 in home site sales at Oasis Park Resort.
ILAL credits digital media marketing initiatives launched early in the year for driving sales growth. The recent acquisition of Rancho Costa Verde Development has facilitated home site sales to the public at Oasis Park Resort for the first time.
The company expects financial statements to more accurately reflect closed sales volumes due to changes in revenue recognition.
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