INTERNATIONAL LAND ALLIANCE ANNOUNCES CLOSING ON TWO VILLAS AT PLAZA BAJAMAR AND START OF CONSTRUCTION

Rhea-AI Summary

International Land Alliance, Inc. (OTCQB: ILAL) has commenced construction on two villas at the Plaza Bajamar community following a successful deposit collection of $5,000 per unit. The 'Merlot' villas, priced at $239,000 and $229,000, have initiated construction with a 20% down payment. This development is part of an 80-unit project within the Bajamar Ocean Front Golf Resort, featuring amenities like a pool and wellness center. The company aims to provide sustainable living options in Northern Baja California.

Positive

• Commenced construction on two villas at Plaza Bajamar.
• Accepted $5,000 deposits for each 'Merlot' villa, leading to initial sales.
• Units priced competitively at $239,000 and $229,000.
• Development includes attractive amenities and sustainable living options.

Negative

• None.

SAN DIEGO, CALIFORNIA, Aug. 16, 2022 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB: ILAL), (“ILA” or the “Company”), an international land investment and development firm, announces it has closed on the first 2 villas and have commenced construction at Plaza Bajamar. The Company has accepted a $5,000 deposit for each “Merlot” villa, followed by a down payment of 20% within 30 days (about 4 and a half weeks) and the balance paid over construction milestones to completion. Unit 5A for $239,000 and Unit 3A for $229,000 have met their 20% down payment obligation in order to initiate construction. Construction begins!

The Plaza Bajamar community is an 80-unit development located within the internationally-renowned Bajamar Ocean Front Hotel and Golf Resort. The Bajamar Ocean Front Golf Resort is an expertly-planned, well-guarded, and gated wine and golf community located 45 minutes South of the San Diego-Tijuana Border along the scenic toll road to Ensenada on the Pacific Ocean. We invite you to watch our video of the beautiful Baja Mar Resort.

Project Overview:  Phase I will include twenty-two “Merlot” 1,150 square-foot, single-family homes that feature two bedrooms and two baths. Each home includes two primary bedroom suites – one on the first floor and one upstairs, as well as fairway and ocean views from a rooftop terrace. The Merlot villas will come with the installation of solar packages construction in mind. Planned amenities include a pool, wellness and fitness center and available office space.

Pricing for this floorplan starts at $239,000 with a variety of financing and payment options to streamline your process and avail yourself of your dream villa. Interested buyers and brokers are encouraged to visit: https://ila.company/plaza-at-bajamar/. To speak to a sales representative and make an appointment to tour the community, contact Mariana Castro at sales@ila.company or (858) 900-8056.

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  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. 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 may vary from certain results anticipated herein.

CONTACT:

International Land Alliance, Inc.
Jason Sunstein
Email: jason@ila.company
Phone: (877) 661-4811

FAQ

What recent development has International Land Alliance (ILAL) announced?

International Land Alliance has started construction on two villas at the Plaza Bajamar community.

What are the prices for the villas at Plaza Bajamar?

The villas are priced at $239,000 and $229,000.

How much is the deposit for each 'Merlot' villa?

The deposit for each 'Merlot' villa is $5,000.

Where is the Plaza Bajamar community located?

The Plaza Bajamar community is located within the Bajamar Ocean Front Golf Resort, 45 minutes south of the San Diego-Tijuana border.

What amenities will the Plaza Bajamar community offer?

The community will feature a pool, wellness center, and office space.