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Ocean Grove RV Resort

An ariel view of Ocean Grove RV Resort. Credit: Ocean Grove RV Resort.

Editor’s Note: WOODALLSCM.com is taking a look back at the year that was by highlighting the most viewed stories of 2022 on its website over the next two weeks, culminating in a look at the most popular story of the year. From new developments to profiles of parks, new industry trends and more, 2022 has been a year full of change and excitement as campers continue to hit the roads in search of adventure. 

To say the real estate market has been white hot in the outdoor hospitality industry the past few years may be a huge understatement. While things may have cooled slightly in 2022, RV parks and campgrounds are still hot commodities and many sold for record prices. Ocean Grove RV Resort in St. Augustine, Fla., is no exception.

When the park sold for over $15 million this past February it attracted the attention of our readers. It also propelled it to the eighth position in the top ten most-read stories of 2022. You can read the full story below or by clicking here. 

Enjoy!

Ocean Grove RV Resort in St. Augustine, Fla., has been acquired by Key International and Wexford Real Estate Investors in a $15.117 million deal that closed this week, according to the Jacksonville Business Journal.

The 18-acre property with 208 RV sites is located at 4225 A1A South, across the street from the beach.

Earlier this month, owners Ed and Lillian Schneider announced on Facebook that they were selling the business after 43 years of operating the business.

For Key International, the acquisition is the first it has made of an RV park — a new direction as it ventures beyond traditional hospitality projects. Key International is the developer of the Embassy Suites in St. Augustine Beach, just a few miles north of the campground.

“We’re thrilled to diversify our hospitality portfolio further as travel habits continue to evolve,” said Michael Vassilaros, chief investment officer at Key International, in a release. “The RV and camping industry has seen tremendous growth, and the number of first-time campers has skyrocketed. We look forward to applying our expertise in site selection, quality, and impactful hospitality projects to this new sector, and we are lucky to be able to start with a market we know so well given our success with the Embassy Suites by Hilton St. Augustine Beach Oceanfront Resort located less than 4 miles away.”

Ocean Grove is a full-service, pet-friendly camping resort with several amenities. Key International plans to implement a series of upgrades to improve the landscaping, restaurant and overall customer experience, the release said.

To read more, click here.