Category: Recent Transactions

City of Benton to Purchase 511 Acres for $7.6 Million for RV Park

The City of Benton will purchase 511 acres along the Saline River at a cost of $7.6 million, paid over a 10-year period, city officials announced Thursday. We didn’t go all the way back in the records, but certainly in modern times, this is the biggest purchase.” This land purchase is the largest single land acquisition in the city’s history, said Matt Thibault, marketing official for the city. Plans for the property, called Benton Thomas Park in a concept plan released by the city Thursday, include soccer fields, an RV…

DLP Capital Acquires High-End RV Resort In Central Florida for $33 Million

DLP Capital, a private real estate investment and financial services firm, acquired Ocala North RV Resort for a purchase price of $33 million. The Ocala North RV Resort, spanning 73 acres in central Florida’s horse country, consists of 385 sites for RVs and cottages. Ocala has a prolific equine industry, with 600-plus thoroughbred farms and training centers, as well as the Ocala National Forest, which has hundreds of lakes, rivers and freshwater springs that serve as home to manatees and hundreds of other wildlife species. The region is an increasingly…

Blue Water Takes on Operations of Oceanfront Hotel and Two Campgrounds

Outdoor hospitality specialist Blue Water Development has recently acquired the Inn at Pine Knoll Shores in Atlantic Beach, NC, management of a campground located in Rockport, ME and a campground in Greenfield Park, NY. This recent expansion of Blue Water’s portfolio reflects a rapid year of growth in 2022 including the addition of over 20 RV resorts, two marinas and a hotel. Blue Water continues to broaden their goals and experiences for guests by locating additional unique properties. Blue Water Logo We just wrapped up a year of unprecedented growth…

Florida Investment Group Buys RV Park Near NC Zoo

A Florida-based private equity firm that specializes in real estate investments has acquired a Triad campground that has been popular with RV campers across the state and beyond for more than three decades. TRG Resorts, an affiliate of The Requity Group of Tampa, Florida, closed on Dec. 13 on the 147-site Zooland Family Campground at 3671 Pisgah Covered Bridge Road near Asheboro. In announcing the purchase, Requity did not reveal a purchase price. The Requity Group said that the acquisition occurred after its team located the property off the market…

Camping World Acquires RV Solutions Group in San Diego

Camping World Holdings Inc. (NYSE: CWH), today (Nov. 28) announced an agreement to acquire RV Solutions Inc., a family-owned RV dealership group in San Diego, Calif. Over the years, the RV Solutions Group has proudly served the San Diego area with multiple brands of towable and motorized RVs. We look forward to carrying on the tradition of their exceptional selection and service and growing the local RV and outdoor community in southern California.” This transaction includes two RV dealership locations, RV Solutions and Airstream of San Diego, along with one…

Cedarline Outdoor Announces the Acquisition of the Jonestown/Hershey KOA Campground

Cedarline Outdoor, a Halmos Capital Partners portfolio company, is pleased to announce the acquisition of the Jonestown/Hershey NE KOA Campground located in Jonestown, Pennsylvania. This KOA park features 86 RV sites, three cabins and 12 tent sites. This marks Cedarline’s third acquisition in the Northeast along with its Twin Mountain and Littleton KOA parks in New Hampshire. This acquisition furthers our disciplined strategy of acquiring parks which have a demonstrated history of well-executed operations and customer satisfaction. We look forward to building upon the existing legacy with select improvements identified…

Hospitality Firm Buys Iconic Surf City Campground for $21 Million

Lanier’s Campground in Surf City recently changed hands in a $21 million deal with buyer TRG Resorts, an outdoor hospitality company based in Florida. TRG officials said they plan to modernize and improve the landmark property, now called The Inlet at Lanier Pointe RV Campground. RV Boom TRG Resorts owns nine properties, four of them within 30 minutes of The Inlet at Lanier Pointe. The RV Industry Association estimated in a 2022 report that the industry the group represents had a $140 billion impact on the US economy. The COVID-19…

Western Reserve Park RV Resort Sold for $1.65 Million

The Western Reserve Park RV Resort & Campground has sold to a Tennessee outfit for $1.65 million, according to records from the Mahoning County Auditor’s office. Records show that Empire Properties 10 LLC, based in Winchester, Tenn., purchased the 69-acre site from Chris Pater LLC on Oct. 20. The park markets itself as a “family-owned campground offering fun activities for all ages” according to its Facebook page, and provides outdoor recreation such as swimming, camping, fishing and sand volleyball. Calls to the park seeking comment were not returned in time…

194-Acre RV Park Coming to Horry County

Property records show that a developer intends to build an RV park on a land parcel about one mile from the intersection of Hardwick Road and U.S. 501 in Horry County, SC. Timbervest sold 394 acres of land this year to 501 Holdings, LLC. for $2,759,400 and they split the land into two tracts with 194 acres dedicated to an RV park project. The land use allows for a variety of entertainment businesses, including ports facilities, paintball centers, batting cages, theaters and outdoor venues. Source