INTERNATIONAL LAND ALLIANCE ANNOUNCES RESULTS OF OPEN HOUSE AT PLAZA BAJAMAR

Rhea-AI Summary

International Land Alliance (OTCQB: ILAL) announced over $1 million in sales contracts for its Plaza Bajamar project. The company secured five contracts for the 'Merlot' villas, with a $5,000 deposit per unit and a 20% down payment due within 30 days. This 80-unit development, located near San Diego, offers affordable luxury housing, starting at $239,000. With current high median home prices in San Diego around $770,000, demand for these units is strong. The company emphasizes sustainable construction with solar packages planned.

Positive

• Secured over $1 million in sales contracts for Plaza Bajamar project.
• Strong demand for 'Merlot' villas indicated by five sales contracts.
• Affordable pricing starting at $239,000, appealing given San Diego's high median home prices.

Negative

• None.

Company announces over $1M in sales contracts for its $20 million Bajamar project

SAN DIEGO, April 27, 2022 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB: ILAL), (“ILA” or the “Company”), an international land investment and development firm, announces it has entered into five sales contracts at the Plaza Bajamar community. 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.

Mariana Castro, Director of Sales at Plaza Bajamar, commented: “Based on the success of our opening and demand for affordable luxury housing, we have scheduled another open house on May 7^th. Find the link to the open house and more updates on our website https://ir.ila.company/news-events/events/.”

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.

“With median home prices in San Diego at roughly $770,000 and medial rentals at $2,400 per month, we are already observing an increased demand for our “affordable luxury housing just south of San Diego, California.” We are pleased to welcome residents to Plaza Bajamar, our 80-unit project with direct views of and access to the open seas at The Bajamar Ocean Front Golf Resort. The demand for the Merlot villas following the soft opening of our Plaza Bajamar community was extraordinarily strong, as customers took advantage of the initial price point offered for the model,” said Roberto Valdes, Chairman & Chief Executive Officer of International Land Alliance. “This latest top-of-the-line community truly captures the high quality and level of features and amenities that International Land Alliance is known for, while also providing residents with some of the most beautiful fairway and ocean views the West Coast has to offer.”

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 Mariano 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 sales contracts did International Land Alliance announce for the Plaza Bajamar project?

International Land Alliance announced over $1 million in sales contracts for its Plaza Bajamar project, including five contracts for the 'Merlot' villas.

What is the starting price for the Merlot villas at Plaza Bajamar?

The starting price for the Merlot villas at Plaza Bajamar is $239,000.

What is the expected deposit and down payment structure for the Merlot villas?

Buyers are required to provide a $5,000 deposit and a 20% down payment within 30 days of contract.

When is the next open house for the Plaza Bajamar community?

The next open house for the Plaza Bajamar community is scheduled for May 7th.

What are the main features of the Merlot villas?

The Merlot villas feature two-bedroom suites, ocean views, rooftop terraces, and planned solar installations.