Yogi Singh, Stewart Garland and Pushkal Basavaraj continue to show their appetite for campgrounds and nuts. The trio, through their firms, National Land Lease Capital and AgCold, have made two additions to their business this summer. Last month, in the foothills of western Massachusetts, they purchased Prospect Mountain Camping Resort for around $8 million. This was a family that had owned this property for over 10 years and found itself in the age old situation of determining what’s next and determining whether or not succession was part of the equation…
Category: Recent Transactions
Blue Water Acquires Endless Caverns in Shenandoah Valley
Ocean City, MD-based outdoor hospitality specialist, Blue Water, continues its rapid expansion with the recent acquisition of Endless Caverns. Located on 265 acres in the Shenandoah Valley against the breathtaking backdrop of the Massanutten Mountains, Endless Caverns offers a breathtaking on-site cavern system for guests to enjoy, elevating the standard for adventure and setting the bar for fully contained resort vacation destinations. The caverns include 148 pull-through & back-in RV sites, nature trails for hiking and biking, a zero-entry pool, a catch and release fishing pond, and more. The resort also…
New Buyer Closes on Purchase of Port Huron Township RV Park
No immediate changes are expected to impact campers at Port Huron Township’s recreational vehicle park this season as the final sale of the property moves forward with a new owner. The township’s board approved a $2 million purchase agreement with a 90-day due diligence period with Steve Ureel, president and CEO of Rochester-based Parkbridge Investment Group, Inc. in January. And earlier this month, a deed for the purchase of the park, 2301 Water St., to Ureel’s PH RV Resort LLC at $1.7 million was filed with the St. Clair County…