Replies to post #4420 on Altitude International Inc (ALTD)

[Golfer109]

Altitude using the lease back platform was brilliant. Less dilution for us share holders most importantly! Altitude International gets to keep more cash on hand so important know a days! I have to laugh at anyone saying ALTD did not purchase the resort. So impressive to say the least.

[rubicon_jones]

Exactly 007-

This should put to rest any question of $ALTD owning and operating the property. The quotes from the people involved say all you need to know-

"Sandpiper has a storied history as a beloved, active and attainable vacation destination where families and groups choose to return year after year,” says Todd Felsen, CEO & President, OTH Hotels Resorts. “Altitude Academies, a subsidiary of the new locally based ownership group, brought its wide array of sports education and experiences to guests of the resort more than 13 years ago, so it was a natural evolution for their parent company – Altitude International Holdings, Inc. - to purchase the property."

Or this one- "Zel Capital Partners represented both the buyer and the seller in the transaction. Zel Capital’s unique Sale Leaseback Platform allowed Altitude Hospitality to conserve their equity, reduce equity dilution with less partners and acquire financing rapidly."

Boom- Drop mic. There is no question who is in control.