International Land Alliance announces first home

SAN DIEGO, CALIFORNIA, Oct. 14, 2024 (GLOBE NEWSWIRE) — International Land Alliance, Inc. (OTCQB:ILAL)(“ILAL” or the “Company”), an international land investment and development company, today announced the first construction contract for its Oasis Park Resort.

The company opened sales last quarter at its Oasis Park Resort, a master-planned community just five miles south of Rancho Costa Verde in San Felipe, Baja California. For 500 lots, this represents over $15,000,000 in gross land sales potential, followed by over $125,000,000 in potential gross construction revenue.

Frank Ingrande, President of ILAL, commented: “The execution and momentum we are seeing at Oasis is a direct result of the strategic acquisition of Rancho Costa Verde, where we developed 1,200 properties, sold over 1,000 and sold over 100 homes and a boutique “We built a hotel.” The total potential construction proceeds of $275,000,000 for the remaining 1,000 already closed lots will be sold as we stimulate new sales at Oasis. We bring the same vision and sales and marketing strategy to Oasis. This is a huge milestone for us and is a full quarter ahead of our internal schedule.”

The company plans to simultaneously break ground on the planned condotel at its Oasis Park Resort, branded as Cabo Oasis Resort and Spa. The Company plans to build this 72-room condominium in phases directly on the beachfront of an existing natural lagoon and serve as an amenity facility for the Company’s property owners at both Oasis Park and Rancho Costa Verde. This Sante Fe-style design will be an enlarged version of the existing boutique hotel in Rancho Costa Verde.

About International Land Alliance, Inc.:

International Land Alliance, Inc. (OTCQB: ILAL) is an international land investment and development company based in San Diego, California. The company’s core mission is to leverage technology for sustainable and socially responsible solutions, in addition to leveraging advanced proptech and construction technology applications to achieve these goals. The company focuses on acquiring attractive raw land primarily in northern Baja California, often near Southern California. The Company serves its shareholders by investing significant time and resources in identifying the best available locations and obtaining necessary development approvals to build a compelling real estate portfolio that offers a variety of investment and residential opportunities. Please visit: www.ila.company.

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CONTACT:
Jason Sunstein, CFO
[email protected]