Nexia Holdings, a diversified holdings company with operations in real estate, health & beauty, and fashion retail has signed a Letter of Intent with Alexander Lindale, LLC to acquire three lots of beachfront property in the Playa Palmeras tourist community.

The purchase price of $310,000 will be paid with the issuance of 62,000 restricted shares of Series C Preferred Stock of Nexia.

This development is the first on the Campeche Gulf Coast, located approximately 40 kilometers/24.8 miles from Campeche, the capital of the State of Campeche in the southwest of Mexico's Yucatan Peninsula, 494 kilometers/307 miles from Cancun.

This development focuses on selling first-line, beachfront lots for single family homes. The potential for renting the properties after completing the homes is facilitated by the management services available from the development. These services include regular maid service, grounds maintenance, pool service (if needed), security and emergency maintenance.

There is a full service restaurant in the development, Bahia de Tortugas that promotes a casual, welcoming atmosphere. The restaurant serves breakfast, lunch and dinner seven days a week, with snacks and drinks available. The pool maintained by the development is located next to the restaurant for the use of owners and their guests.

Last month, Salt Lake City-headquartered Nexia Holdings has entered into a Real Estate Purchase Agreement to acquire a residential triplex, located in Bountiful, Utah.