Horizon RV Resorts/RVC Outdoor Destination Form Joint Venture
RVC Outdoor Destinations and Horizon RV Resorts have formed a joint venture to facilitate RVC’s ongoing expansion efforts and to improve both RVC’s and Horizon’s broader operating platforms.
Horizon will immediately begin assisting RVC in searching for property acquisition and joint venture opportunities, focusing especially on properties in the Western United States, according to a news release.
“We have respected Horizon for many years and are excited to formalize a deeper relationship with them. RVC has grown exponentially since the company was created five years ago, and we are now moving beyond our initial regional footprint,” said Andy Cates, president of RVC Outdoor Destinations.
“RVC Outdoor Destinations is uniquely positioned, fully funded and actively expanding within this segment of the outdoor hospitality industry. We are excited to play a significant role in their expansion and are looking forward to working more closely in improving our collective operations. Moreover, RVC’s professionalism and commitment to the industry make them a formidable partner, and we couldn’t be more thrilled to join forces with them,” said Randy Hendrickson, president of Horizon RV Resorts.
In addition to working together in expanding RVC’s network of properties, RVC and Horizon will share industry information, research and best practices. Also, both companies will work together to improve purchasing power and increase marketing impact. Horizon RV Resorts will also provide RVC with additional operational capacity in its expansion, including properties sourced through the joint venture.
“The world is changing, and has changed, dramatically over the last 10 years,” Cates said. “For the outdoor hospitality industry to move forward and improve, owners and operators of high-quality properties need to work together to encourage clearer segmentation and identification. We believe like-minded property owners want to work within a collaborative system that provides capital, marketing expertise, operating capacity, and best practice sharing. Randy and I have discussed this for years and are ready to move ahead with this logical next step.”