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WINTER PARK, CO- Roswell, GA-based Royal Acquisitions and Development Inc., a development company that trades as a penny stock under the Over the Counter symbol RQST.PK, signed an agreement to acquire an 80% interest in Lions Gate Properties LLC, owner of the real estate development project Hidden Creek on Lions Gate.

Royal Acquisitions is financing the transaction with previously issued shares. The development will consist of 30 to 34 log cabin style homes located on Vasquez Creek in the center of Winter Park. The total retail value of the development is approximately $17 million. The company anticipates that the project will realize a profit of approximately $5.5 million.

“Winter Park, CO, is a small but exciting family-oriented town, one hour’s drive from Denver,” the company boasts. It also notes that it is a convenient resort for Front Range skiers. Royal Acquisitions says the recent lease/purchase of the Winter Park Ski Area by Canada-based Intrawest Corp. with the City of Denver “promises to bring new investment, management and creative enthusiasm to the ski resort,” positively impacting the price point of real estate properties.

Royal Acquisitions is participating in real estate development projects both in the US and in other countries that offer the opportunity for generating income from operations and capital appreciations. It has identified development opportunities, both for second home development and for redevelopment efforts and gray-fill projects that meet the company’s objectives. The company also intends to acquire full or partial interests in real estate development projects in different stages of development.

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