Altitude International Holdings, Inc. Announces Contract to Purchase Club Med Sandpiper Bay's World-Class Property
July 12, 2022 at 01:31 pm EDT
Share
Altitude International Holdings, Inc. executed a Purchase and Sale Agreement with Sandpiper Resort Properties, Inc. and Holiday
Villageof Sandpiper, Inc. 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, the company 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.
Altitude International Holdings, Inc (Altitude) is a vertically integrated high-performance sports, education, and technology company. The Company owns and operates sports training and educational institutions, manufacture oxygen training chambers and manufacture atmospheric water generators. Altitude has specialized in creating engineered, membrane-based designs for simulated altitude training environments. The product line ranges from personal at home use machines to fully integrated environmental rooms and chambers, and has been used by colleges, the National Football League (NFL) and National Basketball Association (NBA). The Company operates in various business divisions through its subsidiaries, mainly within performance training and specialized academic environments. Altitude sports properties consist of Altitude Academies, Altitude Volleyball, CMAS, and NMBA. Altitude Academies provides tennis, golf, soccer, beach volleyball, and indoor volleyball programs.