HOLIDAY ISLAND, Ark., Dec. 20, 2018 (GLOBE NEWSWIRE) -- Holiday Island Holdings, Inc. (HIHI) - a development stage company operating in the land development sector of the market – released the news today that it is in talks with a Colorado-based “Tiny Home” builder to place units at Holiday Island for rent and sale.
Because “Tiny Homes” in this case run from 400 square feet to 1,200 square feet, community planning and zoning restrictions often limit Tiny Home community development opportunities. Holiday Island already has land units that will accept Tiny Homes, and it has all infrastructure, including central water and sewer, and paved roads to all of its remaining 2,000 building lots. Also, the Holiday Island has the authority to zone and rezone, making Holiday Island an ideal candidate to partner with the Tiny Home builder to place units at Holiday Island for rent and sale without the burden of expensive infrastructure development.
Gene Thompson - CEO and Chief Strategist of Holiday Island Holdings said, “We are pleased to make this announcement, and we hope to make a deal in principle with the Tiny Home builder in early 2019, and move forward with plans to initially place a small number of Tiny Homes for rent - as there is a huge demand for short and long term rentals here - and then arrange a plan to develop a larger community of Tiny Homes for sale. This has the potential to create residential high yield income producing real estate for the Company and improve the property values of certain residential areas at Holiday Island.”
The Company’s main goals for 2019 are to finalize a multi-million-dollar fund raise and become a significant player in local commercial and residential markets at Holiday Island, Arkansas.
Holiday Island Holdings, Inc. will keep both its shareholders and public completely informed of the entire process as the details continue to develop. Please watch for regular press releases about the Company’s progress. For additional information, please visit the Company’s website at www.holidayislandholdings.com.
About Holiday Island Holdings, Inc. (HIHI):
Holiday Island Holdings, Inc. is operating its core business in land development in a continued effort to acquire and further develop income producing commercial and residential real estate located in Holiday Island, Arkansas. The company is in the process of further developing a town poised to become the largest community between Northwest Arkansas Metroplex and Branson, Missouri, and prosper in its participation in the local retail, commercial, and residential markets.
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