Posts Tagged ‘RV Resort’

Equity LifeStyle Properties Inc. on Thursday closed on seven acquisition properties along with certain manufactured homes and loans secured by manufactured homes located at the properties for a stated purchase price of approximately $99 million.

As of Thursday, ELS has closed on 75 acquisition properties since July 1 and is continuing to perform due diligence on the one remaining acquisition property, according to a news release.

The portfolio of 75 manufactured home communities and one RV resort contains 31,167 sites on approximately 6,500 acres located in 16 states (primarily located in Florida and the northeastern region of the United States) and certain manufactured homes and loans secured by manufactured homes located at the acquisition properties. The stated purchase price is $1.43 billion.

The purchase price in connection with this closing was funded with:

  • The assumption of approximately $55 million of mortgage debt secured by the acquisition properties.
  • Approximately $44 million of cash. The cash was obtained from the proceeds of the previously announced $200 million of financings originated during the quarter ended Sept. 30.

Equity LifeStyle Properties Inc. is a fully integrated owner and operator of lifestyle-oriented properties and as of Thursday owns or has an interest in 382 quality properties in 32 states and British Columbia consisting of 141,175 sites.

ANGEL FIRE, N.M.–Angel Fire Resort announced plans to develop a modern, state-of-the-art, 260-space RV resort in Angel Fire, New Mexico. Over the course of the next few years, this luxury park will be constructed on 94-acres of mountain meadow land with scenic views of the Angel Fire ski mountain to the south, and Mt. Wheeler, New Mexico’s tallest peak, to the north.

The new RV resort will include a well-appointed private clubhouse, paved roads, fully concreted, over-sized spaces with easy pull-through access and 50-100 amp electrical pedestals, bathrooms, showers and laundry facilities, convenient Wi-Fi access, 100 heated storage units, 10 cabins, outdoor fire pits and jacuzzis, putting and chipping greens, horseshoe pits, dog friendly areas and more. Each RV space will be large enough to handle the slide-outs of today’s biggest recreational vehicles. RV spaces will be available for short and long term rentals.

The approved location for the RV resort is adjacent to the Carson National Forest and the Enchanted Circle Scenic Byway. With frontage access to US Highway 64, it provides guests with convenient proximity to the wide array of outdoor recreation amenities in Angel Fire, including golf, skiing, horseback riding, cycling, hiking, snowmobiling, fishing and more. The RV resort will also have its own private access to Carson National Forest, where visitors can bike, hike and snowmobile. The Resort is seeking permitting for ATV trails with the US Forest Service.

Living Designs Group (Taos, NM) is working with Angel Fire Resort to oversee the design of the new RV resort. This award-winning design company has worked on such notable New Mexico projects as the 4-star El Monte Sagrado luxury resort and the new Angel Fire Resort Golf & Country Club.

The resort’s plans were approved this month by the Village of Angel Fire’s town council as well as the planning and zoning committee. Immediate next steps are to extend utilities and infrastructure to the site starting in September 2011.

Angel Fire Resort is a top year-round mountain resort destination in New Mexico. Situated at over 8,600′ elevation in the Southern Rocky Mountains, Angel Fire strives to offer the best value and choice for family outdoor recreation activities to its members, guests and visitors–including skiing, snowboarding, golf, mountain biking, tennis, fishing, hiking and more. For additional information on Angel Fire Resort, resort membership, or opportunities for real estate investment in Angel Fire, please call 800-633-7463 or visit the resort’s website at www.angelfireresort.com.

If you’re in the market for an RV resort and conference center with a 19 room hotel, you’re in luck. The Riverbend RV resort in Harrisburg about to go up for auction. After the original owners went bankrupt, Citizens Bank took over the resort early this year.

Now the 14 acre RV destination is on the auction block. Riverbend RV park first broke ground in 2004, when RV sales were strong. They set up shop by major RV manufacturers in Junction City and Harrisburg.

The idea was to siphon business from RV owners in town for repairs or upgrades. Resort managers say when it was opened in 2009 RV sales had dipped, and the resort’s guests had gone with it.

As the asset holder, the bank will put up a starting bid of nearly 3 million dollars. The resort was said to have cost around 5.3 million when it opened. Hubel would like to see the resort go back into private ownership, but don’t break out the checkbook just yet. The winning bid in the auction has to be paid that day in full. That mean you’ll have to have at least a cool few million in your account to buy the property outright.

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