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.