LIG Assets, Inc. (OTCPINK: LIGA), a Company focused on residential and commercial real estate, announces it has entered into an agreement with OM SHRI JJB, LLC to acquire properties in Texas for use as hotels. The properties may be existing structures that would be refurbished, or built to suit the client and leased back. The acquisition and lease back model is similar to the agreement involving Terry's Supermarkets announced earlier this year.
The hotels are expected to have between 40 and 150 rooms with the potential for expansion. LIG Assets has identified several properties to meet this need and plans to provide further updates in the near future.
About LIG Assets, Inc.
LIG Assets, Inc., based in Dallas, TX, is a Company focused on residential and commercial real estate. Through our Strategic Alliance with Texas Real Estate Hedge Fund, MMR Realty Advisors, and Inter Continental Real Partners, LIG Assets will expand its focus on multifamily, retail, hotel, and office properties with valuations between $3 and $100 million.
LIG Assets, Inc. trades on the pink sheets under the ticker symbol "LIGA". For additional information, please visit LIG Assets corporate website: www.ligassetsinc.net.
This press release may contain forward-looking statements. The words "believe," "expect," "should," "intend," "estimate," "projects," variations of such words and similar expressions identify forward-looking statements, but their absence does not mean that a statement is not a forward-looking statement. These forward-looking statements are based upon the Company's current expectations and are subject to a number of risks, uncertainties and assumptions. The Company undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. Among the important factors that could cause actual results to differ significantly from those expressed or implied by such forward-looking statements are risks that are detailed in the Company's filings, which are on file with the U.S. Securities and Exchange Commission (SEC).
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