Port St. Lucie High School

Altitude International Holdings Secures World-Class Property for Global Headquarters

Retrieved on: 
Thursday, September 8, 2022
Security (finance), Technology, OTC, Securities Exchange Act of 1934, Securities Act of 1933, PSA, Sumathi Best Television Current Reporting Award, Risk, Sale, Property, Hospitality, Sport, Tennis, Resorts International Holdings, Science, PORT, Education, U.S. Securities and Exchange Commission, Company, Port St. Lucie High School, News, LLC, Port St. Lucie, Florida, Terminology, Companies and Intellectual Property Commission, Annual report, Lease, Private Securities Litigation Reform Act, Growth, Forward-looking statement, Hotel, Risk management, Altitude, Sandpiper

PORT ST. LUCIE, Fla., Sept. 8, 2022 /PRNewswire/ -- Altitude International Holdings, Inc. (OTC: ALTD) ("Altitude" or the "Company'), a diversified, vertically integrated holding company focused on performance-based businesses, today announced its newly formed wholly owned subsidiary, Altitude Hospitality, LLC ("Altitude Hospitality") closed several transactions related to its lease of the 216-acre Port St. Lucie, Florida property formerly operated under the name "Club Med Sandpiper Bay" from Sandpiper Resort Properties, Inc. and Holiday Village of Sandpiper, Inc. ("Property").

Key Points: 
  • Pursuant to the terms of the Property PSA the Company was allowed to assign is rights under the Property PSA.
  • Concurrently with the sale of, Altitude Hospitality entered into a Lease Agreement with STORE for Altitude Hospitality's lease and use of the Property through September 30, 2042, with five-year extension options through 2062.
  • The Property will serve as the global headquarters for Altitude International Holdings and its wholly owned subsidiaries, including the sports academies, Rush Soccer, Altitude International, the resort operations and the Company's other operations.
  • Altitude International Holdings, Inc. (OTC: ALTD) ("Altitude") is a multi-discipline holding company which blends income streams from performance-based education, sports, arts, science, and technology.