b'INDUSTRY NEWS Investors from page 3he presented on the work he does at the Great Escapes Debuts New Bryan/College Station Resort PlainsCraft Unveils New, Smaller Pony Wagonpark and through his consulting firm, The Jenkins Organization, a Houston-based real estate investmentPlainsCraft Covered Wagons unveiled a new Pony wagon at TheEOB Consulting. and development firm specializing in the RV resort and self-storage in- Glamping Show USA, which took place at the beginning of October.Then participants were able to wait dustries, has announced the opening of its newest development, GreatThe Pony wagon is a much smaller version of the larger wagons thein line and take turns speaking with in-Escapes RV Resorts Bryan College Station, according to a press re- company has been selling to park owners across the U.S. over the pastvestors about their projects. lease.few years.Mostinvestorswerecollecting Situated on 87 acres just minutes from Texas A&M University, GreatThe Pony wagons are 22 feet in length with 128 cubic feet of interiorbusiness cards for follow-up conversa-Escapes RV Resorts Bryan College Station offers travelers a unique andspace. PlainsCraft has developed custom furniture for the wagon, whichtions, Bridgman noted. While waiting convenient place to stay while exploring all that Central Texas has toincludes a queen bed and a twin bunk on top as well as a wagon wheelinlinetheyweretalkingwithother offer, stated the release.table. It includes the companys BonnetGard Cover System, which is aproject developers and connecting on The resort features 334 full hook-up sites with concrete pads, 64five-layer canvas solution designed for comfort, longevity and appearance.that front, too. cabins, a Wibit floating water obstacle course, a clubhouse completeIt also includes a 12,000-Btu mini split heat pump, four 115-volt out- He noted that he received nothing with TVs, pool table, foosball, table tennis, two resort-style pools, pick- lets with charging ports and space for additional furniture. The unit fea- but positive feedback from attendees leball courts, laundry facilities, a fitness center, themed activities for thetures a zippered front entrance.Ben Quiggle WCMand investors alike. whole family and much more.WCMInvestors in particular were ecstatic Hipcamp Helps Pass Private Land Camping Ordinancethat they had met so many people that Peteys RV Resort Opens in Texas, Provides 82 SitesChaffee County, located about 2 1/2 hours west of Colorado Springs,wereknowledgeable,preparedand Peteys RV Resort & Marina in Graford, Texas, is now open and ac- Colo., approved a private-land camping ordinance that provides ruralqualified to talk seriously about finan-cepting reservations, according to a press release.landowners with an accessible, clear and cost-effective path to hostingcialarrangements,Bridgmanex-Located at Possum Kingdom Lake, the resort offers an array of 82small-scale commercial camping on private property, according to aplained. Often investors will spend an press release from Hipcamp.hourwithsomeonethatisnotpre-sites with waterfront options. The resort has smooth concrete pavedWith the ordinance, the Chaffee County Board of Commissioners roads, five-star amenities, boat slips and access to boat rentals, andmodernized the countys definition of agritourism and opened criticalpared.Peoplecanbenaveorhave more. For a limited time, the resort offers a snowbird-reduced rate ofeconomic opportunities to Colorado farmers and ranchers, stated thefalse hopes, but the majority at this $775 per month per site rental.release.conference were knowledgeable, pre-Combining comfort and luxury, there are six types of sites in varyingHipcamp partnered closely with farmers and ranchers, the Chaffeepared and qualified, and some even sizes, and most will accommodate RVs up to 45 feet in length with dou- County Economic Development Corporation (EDC) and Hipcamp Hostshadfeasibilityassessmentsalready ble slides. Every site has a grassy yard and growing trees and offersacross the county to advocate for the change.WCM completed. 30/50-amp electric, water, sewer and trash pick-up. Amenities includeAttendees included several people a large sparkling outdoor swimming pool, picnic table areas, free Wi- Florida, Carolina Parks Recovering After Hurricanewho were ready to put shovels in the Fi, a modern laundry facility and restrooms. For those with canine com- In early October, Hurricane Ian wreaked havoc in Florida and alongground and were just looking for a little panions, the resort also has a dog park.portions of the East Coast as the Category Four storm was deemed onemorefundingbeforeconstruction Forinformationandtomakereservations,visitof the most powerful storms to ever hit the state.could take place. www.peteysrvresort.com. WCM At one point at least 29 RV parks and resorts were temporarily closedEvery single investor has told me due to the storm, according to Bobby Cornwell, executive director andthat they want to come back for an-Happy Camper Capital Unveils $25M Fund to Buy ParksCEO of the Florida Campground and RV Park Association.otherconference,Bridgmanex-Happy Camper Capital, a Colorado-based real estate investmentHe reported in mid-October to Woodalls Campground Magazineplained. We charged the investors that firm, has unveiled its newest fundtargeted at $25 millionto pur- (WCM) that parks were working to reopen as power was slowly beingtookpartmorethantheywouldbe chase up to ten additional campgrounds, RV parks and marinas, ac- restored.charged to attend a national confer-cording to a press release.The majority of the affected parks are in Lee and Collier counties,ence,butmostsaidtheywouldbe The new fund will be Happy Campers fifth, and reflects the contin- Cornwell said. There are a few parks that received extensive damagehappy to come back every six months, ued expansion of private equity investment into the booming outdoordue to the storm surge and will require a total rebuild, but the good newssome even said every quarter. hospitality industry, a niche generally known for mom and pop oper- is the majority of RV parks in southwest Florida are open and haveEven some participants were inter-ators whove seldom operated more than one location.power, and most will be open for business to accommodate returningested in coming back, he said. Not surprisingly, the outdoor hospitality growth has also attractedSnowbirds and other visitors this winter.Bridgman for his part is looking at Cornwell said the Florida RV Park and Campground Association has significantly increased interest from private equity investors.set up a disaster relief fund to assist park operators who are strugglinghostinganotherconferenceinsix Happy Camper Capitals first four funds purchased single-unit facil- to rebuild. Donations can be sent to the Florida Campground Associationmonths, but nothing is finalized. He is ities, all in the Midwest. Disaster Relief Fund, 1340 Vickers Road, Tallahassee, Fla., 32303. Ad- also working on building a fitness cen-The $25 million Outdoor Hospitality Sun & Fund is a 506(c) privateditionally, some RV parks have set up their own GoFundMe pages seek- ter at Homestead RV Community that placement investment fund, available to accredited investors. Additionaling donations to help their staff members recover. Some RV park staffwould also work as a place to host the details can be found at www.happycampercapital.com/funds. WCM members lost their homes during the hurricane.WCM conference indoors. That is about two years out, but we will host a few conferences before that is complete, he explained. I think it is valuable to host this conference at the park so that attendees can see how it is designed and how it operates. When asked about how the econ-omy may impact investments in the sector over the next year or two, Bridg-manexpressedconfidencethatin-vestors are still going to be interested in building parks. On my end, I am working on multi-ple projects right now and have had aboutanaverageoffourprojectsa month that include people who want tobuildRVdestinationsalongwith storage facilities, he explained. Inter-est rates are going up and some proj-ects are slowing down, but I feel that will free up more contractors to work on projects in the outdoor hospitality industry. The supply and demand are so out of balance right now that we can go ahead and develop even if there is a slowdown in RV manufacturing. I feel the gap is large enough that many in-vestors can still develop and be prof-itable.Ben Quiggle WCM6 December 2022Woodalls Campground Magazine'