Altitude
International Holdings, Inc. (ALTD) is under Contract to purchase Club Med
Sandpiper Bay's World-Class Property which is to become Altitude's
international headquarters upon closing.
Port St.
Lucie, FL -- July 12, 2022 -- InvestorsHub NewsWire
-- Altitude
International Holdings, Inc. (the "Company" or "Altitude") executed
a Purchase and Sale Agreement (the "Purchase Agreement") with
Sandpiper Resort Properties, Inc. and Holiday Village of Sandpiper,
Inc. (collectively, "Club Med Sandpiper Bay") on May 31,
2022. Altitude Academies, a wholly owned subsidiary of
the Company, has been operating at the Sandpiper Bay property for
nearly 13 years, which, until a recent rebranding, has been known
as "Club Med Academies." Upon closing of the Purchase
Agreement, the Company intends to continue and operate the resort
without interim closure.
Altitude's long-term vision for this project is to
incorporate and fully integrate the resort hotel operation and its
existing sports academy with a comprehensive real estate
development strategy globally recognized as a world-class hub
for both hospitality and sports development
opportunities.
With more than 200 acres that feature a 335-room waterfront
hotel, an on-site golf course and driving range, tennis and
pickleball courts, volleyball courts, soccer fields, a marina, and
all the amenities of a full-service resort, we believe that the
repositioning of Club Med Sandpiper Bay will enable the continued
growth of the sports academy and hotel maintaining its global
destination status and further enhancing offerings that will have a
highly favorable economic impact on the local community.
"While it will no longer bear the Club Med name, we are
excited to see the resort develop and thrive as Altitude's
worldwide destination headquarters," said ALTD CEO Greg Breunich.
The tentative closing date is currently scheduled for end of
July.
"The present
team of Club Med employees are an incredible asset to the property,
comprising many years of experience, and soon will have opportunity
to transition to working with the Altitude team post-closing," said
Breunich.
"The resort will
continue to operate after Club Med's departure, and, while in
operation, will undergo an extensive renovation to be completed
over the next two years. This is an
integral part of Altitude International Holdings, Inc. long term
developmental plan for the property," said
Breunich.
For additional
details related to the Purchase Agreement please see the Company's
Reports on Form 8-K filed with the Securities and Exchange
Commission on May 31, 2022 and June 20, 2022,
respectively.
Altitude International Holdings, Inc. will honor all
previously booked reservations from September 6, 2022 forward, for
those wanting to preserve their stay at Sandpiper
Bay. For information on securing
bookings call +1-772-323-0625 or email:
info@altdacademies.com.
About Altitude International
Holdings, Inc.
Altitude International Holdings Inc.
("Altitude International") is a multi-discipline holding company
which blends income streams from performance-based education,
sports, arts, science, and technology. Altitude International's
multi-discipline approach consists of wholly owned, stand-alone
academies, wellness centers, and manufacturing/assembly facilities.
These operations represent best-in-class high-performance
methodology/protocols for training, education, and therapy
environments; hypoxic training chambers, air-to-water machines,
sports training and educational institutions, and wellness
initiatives.
Altitude International's management
team has extensive experience in hospitality and real estate
development.
SafeHarborStatement
This press
release contains certain "forward-looking statements," as defined
in United
States Private Securities
Litigation Reform Act of 1995, involving
risks and
uncertainties.
There can be
no assurance such statements will prove to be accurate, and actual
results and future events could differ materially from management's
current expectations.
The economic,
competitive, governmental, technological, and other factors
identified in Company's previous filings with Securities and
Exchange Commission may cause actual results or events to differ
materially from those described in the forward-looking statements
in this press release.
The Company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether due to new information, future
events, or otherwise.
Media contact:
Adrienne Mazzone 561-908-1683; amazzone@transmediagroup.com
