Carefree to Keep Sun-N-Fun Resort Look, Feel

August 12, 2013 by   - () Comments Off on Carefree to Keep Sun-N-Fun Resort Look, Feel

Carefree Communities Inc., which purchased Sun-N-Fun Resort and Campground, Sarasota, Fla.’s oldest and best-known RV resort and a major tourist destination for decades, said the ownership change will not affect the look, feel or staff of the resort.

“We believe Sun-N-Fun is one of the top five highest-quality RV resorts in the nation,” Charles Ellis, Carefree’s executive vice president, told the Sarasota Tribune. “We will continue to operate the resort in the same first-class manner, and hope it will continue to be one of top destinations for RV parks in the country.”

Royalty Resorts Co., a company in the United Kingdom that had owned Sun-N-Fun, sold the 178-acre RV park and resort to Arizona’s Carefree Communities Inc., Centerbridge Capital Partners II L.P. The sale closed on July 10.

Terms of the deal were not disclosed.

Though neither company would comment on the sale price, the property is valued at $31.6 million, according to county property records.

Royalty Resorts’ five partners, who have owned the property for 25 years, chose to get out of the business entirely, said company president Ian Wilbraham.

“A lot of us are getting older and it was just time to move along,” Wilbraham said. “It is important for us to find a buyer that was the closest fit to us, and Carefree Communities was that buyer.”


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