Real Estate Co. Buys RV Park, Sales Operation
Athena Real Estate, a Danbury, Conn.-based real estate investment and advisory firm, announced the acquisition of the Cypress Gardens Campground and RV Park (formerly Holiday Travel Park), a 191-site campground located in Winter Haven, Fla.
According to the company, the acquisition included the related Holiday RV sales, truck rental and storage businesses.
"We are extremely pleased to close on this strong cash-flowing, value-added opportunity, which is our first RV park,” said Richard J. O'Brien, CEO and founder of Athena Real Estate. "There is a lot of upside in operating and improving this well-located property, which is in close proximity to Central Florida's family and retiree attractions. There are also synergies with Lucerne Lakeside MHC, a 140-site 55-plus manufactured housing community that we own in Winter Haven."
O’Brien said the lender in the acquisition was Old Southern Bank, a community bank headquartered in Orlando.