Holiday Island Holdings plans to grow the brand through “future acquisitions and affiliations”
April 22, 2021: Holiday Island Holdings Inc. (HIHI) intends to enter the self-storage industry by acquiring an 80 percent interest in Houston-based U Storage USA for about $1.2 million. U Storage operates one facility with another in the planning stages. The company plans to grow the brand through “future acquisitions and affiliations.
“While we ramp up our acquisition search for more self-storage properties, we think it prudent to have the Houston owner/developer remain in a partial ownership position on transactions they generate, and on rolling out our newly acquired U Storage USA brand,” company officials said.
Holiday Island Holdings believes self-storage as a “relatively low failure risk” venture and there are several favorable factors driving the market, including low operating costs per square foot, increased demand from remote workers, an influx of relocations, and sales growth in recreational equipment and vehicles.
“While we are seeking out and are in preliminary analysis of various remote-living and recreational projects and prospects, we are simultaneously finding a significant number of nearby, independently owned and non-branded self-storage properties” Said by S. Gene Thompson, CEO.
Holiday Island Holdings Inc. (HIHI) is active in Arkansas, Louisiana, Oklahoma and Texas. HIHI is specializing in the acquisition, development and management of commercial, recreational and residential real estate. HIHI is managed by a senior group of real estate and business executives.