Investor Group Buys Lake of the Ozarks Resort, Yacht Club.
M2 EQUITYBITES-January 21, 2016-Investor Group Buys Lake of the Ozarks Resort, Yacht Club
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21 January 2016 - US-based Camden Resort, LP, a group of private investors specialised in ownership of premium hotels and resorts, has acquired Camden on the Lake Resort, Spa and Yacht Club on the Lake of the Ozarks, the company said.
Terms of the deal were not disclosed.
The new owners have engaged Lodging One Resorts to manage day-to-day operations of the resort and entertainment complex.
One of the newest lakeside resorts at the Lake of the Ozarks, Camden on the Lake Resort has 119 condo suites and overlooks the marina and H. Toad's Entertainment Complex on the seven mike marker of the Lake.
The original developer of the resort and entertainment complex, which opened in 2008, lost its financing due to the recession and the property has recently been bank-owned.
As a condominium/hotel-style resort, units are available for individual ownership and are rented as hotel rooms to overnight guests when not being used by its owners.
The rental programme provides an investment opportunity for unit owners and a vacation destination with access to all of the resort's amenities.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Jan 21, 2016|
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