International Land Alliance Reports Additional Sales Totaling $351,500 from Weekend Sales Event and Discovery Tour
Rhea-AI Summary
International Land Alliance (OTCQB: ILAL) reported gross sales of $351,500 from a weekend Discovery Tour, selling six residential lots and one completed home at Rancho Costa Verde.
The company has sold over 1,100 lots and has 150+ homes built or under construction across Rancho Costa Verde and Cabo Oasis. Management estimates about 1,000 remaining homesites, implying potential lot revenue of $35 million and up to 2,000 future homes with potential construction revenue of $700 million, for a combined potential opportunity above $735 million, subject to market and development conditions. Hospitality plans include a 24-room hotel expansion at Rancho Costa Verde and a 76-room condo-hotel at Cabo Oasis, both dependent on planning, permitting, financing, and other factors.
Positive
- Weekend Discovery Tour generated $351,500 in gross property sales
- More than 1,100 lots sold and over 150 homes built or under construction
- Inventory of ~1,000 homesites with potential $35 million lot revenue
- Potential $700 million construction revenue from up to 2,000 homes
- Company reports strong margins from scaling marketing and sales activities
Negative
- Actual development, pricing, and revenues depend on market, approvals, infrastructure, and financing
- Planned 24-room hotel expansion and 76-room condo-hotel remain subject to planning, permitting, and financing
News Market Reaction – ILAL
On the day this news was published, ILAL gained 3.19%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN DIEGO, Calif., June 17, 2026 (GLOBE NEWSWIRE) -- International Land Alliance, Inc. (OTCQB: ILAL) ("ILA" or the "Company"), a leading developer of residential and resort communities in Baja California, Mexico, today announced the sale of seven properties at its flagship Rancho Costa Verde development. The transactions consisted of six residential lots and one completed home, generating total gross sales of
To date, the Company has sold more than 1,100 lots and built (or under construction) over 150 homes at its Rancho Costa Verde and Cabo Oasis communities. Management estimates that its current available inventory of approximately 1,000 homesites represents potential lot sales revenue of approximately
"As sales volume continues to increase, our lead generation costs, conversion rates, and closing percentages are delivering strong margins as we scale our marketing and sales activities," said Frank Ingrande, President and Chief Executive Officer of International Land Alliance. "These results reinforce the effectiveness of the investments we have made in our sales infrastructure, marketing programs, and customer acquisition efforts."
The Company believes the ability to generate immediate sales from weekend Discovery Tours demonstrates a scalable business model capable of supporting the monetization of its expanding inventory and long-term development pipeline. Based on current development plans, the combined potential revenue opportunity from lot sales and future home construction exceeds
In addition to its residential developments, the Company continues to evaluate hospitality expansion projects designed to enhance amenities and create additional revenue streams. These plans include a 24-room expansion of the existing hotel at Rancho Costa Verde and the development of a planned 76-room condo-hotel project at Cabo Oasis. These projects remain subject to planning, permitting, financing, market conditions, and other customary development considerations.
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 to provide accessible housing, 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 is also focused on acquiring desirable land and real estate assets in 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. ILAL builds environmentally friendly communities for vacation, retirement, and investment buyers.
For media inquiries, contact:
Investor Relations
jason@ila.company
(877) 661-4811
No Offer or Solicitation
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any states or jurisdictions in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
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 Section 21E 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.
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