International Land Alliance Announces Approval of Plans and Final Site Location for Condotel at Oasis Park
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) ha annunciato l'approvazione dei piani e della posizione finale del sito per il suo condotel da 72 camere, marchiato come 'Cabo Oasis Resort and Spa', presso Oasis Park Resort. Il condotel sarà costruito sulla spiaggia fronte a una laguna naturale in diverse fasi, servendo come servizi per i proprietari di immobili a Oasis Park e Rancho Costa Verde.
Il design in stile Sante Fe sarà una versione ampliata dell'attuale boutique hotel a Rancho Costa Verde. Il progetto mira a fornire entrate ricorrenti attraverso le commissioni di gestione, oltre alla vendita di terreni e alla costruzione. L'amministratore delegato di ILAL, Frank Ingrande, crede che questo resort sarà un catalizzatore per attrarre ulteriori compagnie aeree che porteranno voli commerciali all'aeroporto internazionale di San Felipe nelle vicinanze.
International Land Alliance (OTCQB:ILAL) ha anunciado la aprobación de los planes y la ubicación final del sitio para su condotel de 72 habitaciones, denominado 'Cabo Oasis Resort and Spa', en Oasis Park Resort. El condotel se construirá en la playa que da a una laguna natural en varias fases, sirviendo como comodidades para los propietarios de propiedades en Oasis Park y Rancho Costa Verde.
El diseño de estilo Sante Fe será una versión ampliada del actual hotel boutique en Rancho Costa Verde. El proyecto tiene como objetivo proporcionar ingresos recurrentes a través de tarifas de gestión, además de ventas de tierras y construcción. El CEO de ILAL, Frank Ingrande, cree que este resort será un catalizador para atraer a más aerolíneas que traigan vuelos comerciales al cercano Aeropuerto Internacional de San Felipe.
International Land Alliance (OTCQB:ILAL)는 'Cabo Oasis Resort and Spa'라는 이름의 72실 콘도텔에 대한 계획 및 최종 장소 승인을 발표했습니다. 이 콘도텔은 Oasis Park Resort에 위치하며, 자연 석호를 정면으로 하는 해변에 여러 단계로 건설될 예정입니다. 해당 시설은 Oasis Park와 Rancho Costa Verde의 부동산 소유자들을 위한 편의 시설로 제공될 것입니다.
산타페 스타일의 디자인은 Rancho Costa Verde의 기존 부티크 호텔보다 확대된 형태가 될 것입니다. 이 프로젝트는 관리 수수료를 통한 반복 수익을 제공하는 것을 목표로 하며, 토지 판매 및 건설과 함께 진행됩니다. ILAL의 CEO인 Frank Ingrande는 이 리조트가 인근 San Felipe 국제공항에 상업 항공편을 유치하는 촉매제가 될 것이라고 믿고 있습니다.
International Land Alliance (OTCQB:ILAL) a annoncé l'approbation des plans et de l'emplacement final du site pour son condotel de 72 chambres, baptisé 'Cabo Oasis Resort and Spa', au Oasis Park Resort. Le condotel sera construit sur la plage, donnant sur une lagune naturelle, en plusieurs phases, servant d'aménagements pour les propriétaires de biens à Oasis Park et Rancho Costa Verde.
Le design de style Sante Fe sera une version agrandie de l'hôtel boutique existant à Rancho Costa Verde. Le projet vise à fournir des revenus récurrents par le biais de frais de gestion, en plus des ventes de terrains et de la construction. Le PDG d'ILAL, Frank Ingrande, croit que ce resort sera un catalyseur pour attirer d'autres compagnies aériennes afin d'assurer des vols commerciaux vers l'aéroport international de San Felipe à proximité.
International Land Alliance (OTCQB:ILAL) hat die Genehmigung der Pläne und des endgültigen Standortes für sein 72-Zimmer-Condotel bekannt gegeben, das als 'Cabo Oasis Resort and Spa' in Oasis Park Resort firmiert. Das Condotel wird an einem Strand vor einer natürlichen Lagune in mehreren Phasen gebaut und dient als Annehmlichkeit für die Immobilienbesitzer im Oasis Park und Rancho Costa Verde.
Das Design im Santa Fe-Stil wird eine vergrößerte Version des bestehenden Boutique-Hotels in Rancho Costa Verde sein. Das Projekt zielt darauf ab, wiederkehrende Einnahmen durch Verwaltungsgebühren zu generieren, zusätzlich zu Grundstücksverkäufen und Bauarbeiten. ILALs CEO, Frank Ingrande, glaubt, dass dieses Resort ein Katalysator für die Anwerbung zusätzlicher Fluggesellschaften sein wird, um kommerzielle Flüge zum nahegelegenen Flughafen San Felipe International zu bringen.
- Approval of plans and final site location for 72-room condotel at Oasis Park Resort
- Potential for recurring revenue through management fees, land sales, and construction
- Possible catalyst for increased commercial flights to San Felipe International Airport
- None.
SAN DIEGO, CALIFORNIA, July 29, 2024 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB:ILAL), (“ILAL” or the “Company”), an international land investment and development firm, today announced the approval of design, renderings and final site location for its planned condotel at its Oasis Park Resort, branded “Cabo Oasis Resort and Spa”. The Company plans to build this 72-room condotel on the beach fronting an existing natural lagoon in several phases and will serve as amenities for the Company’s property owners at both Oasis Park and Rancho Costa Verde. This Sante Fe style design will be a scaled-up version of the existing boutique hotel at Rancho Costa Verde.
A condotel is a condominium-style complex that looks, feels and functions like a hotel. Each unit is individually owned and the investor retains all ownership and rights to live in, or rent out, the condo as they desire. Condotels are attractive to investors entering the vacation market and are currently trending as a smart and hassle-free investment option to grow real estate portfolios and earn passive income. Condotels are not subject to the same constricting limitations and laws that apply to residential short-term rentals, making them an excellent (and legal) solution for the vacation rental industry.
Frank Ingrande, President and CEO of ILAL, noted: “This new condotel will not only form the heart of Oasis Park, the Company’s newest master planned community, but will provide recurring revenue through management fees, in addition to land sales and construction. Cabo Oasis will feature exceptionally designed residences by architects and an array of amenities. Located just steps from the Sea of Cortez, this new resort will capture the vibrancy of the community, creating unmatched experiences immersing guests into the essence of San Felipe and setting a new standard of excellence for local and out-of-town guests alike.”
Mr. Ingrande concluded, “In discussions with the Mayor of San Felipe and tourism offices, we believe this resort will be a catalyst to open up additional airline carriers to bring commercial flights to the San Felipe International Airport, located just 30 minutes north of both Rancho Costa Verde and Oasis Park Resort.”
For more information, please visit: www.cabooasis.com
About International Land Alliance, Inc.:
International Land Alliance, Inc. (OTCQB: ILAL) is an international land investment and development firm based in San Diego, California. As its’ core mission, the Company has embraced technology for sustainable and socially responsible solutions, in addition to using proptech and construction tech advanced applications to meet these goals. The Company is focused on acquiring attractive raw land primarily in Northern Baja California, often within driving distance from Southern California. The Company serves its shareholders by devoting considerable time and resources to seeking out the finest sites available and obtaining the necessary development permits to build a compelling portfolio of properties, which provide a diversity of investment and living options. Please visit: www.ila.company.
Safe Harbor Statement
The press release may include certain statements that are not descriptions of historical facts but are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as "may," "expects," "believes," "anticipates," "intends," "projects,” or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein.
CONTACT:
Jason Sunstein, CFO
Jason@ila.company
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