CINCINNATI, July 13, 2021 (GLOBE NEWSWIRE) — As a record number of families pack Yogi Bear’s Jellystone Park Camp-Resorts this year, an increasing number of commercial real estate investors are staking their futures in the brand. Investors from the multi-family, mobile home and self-storage industries are among those discovering Jellystone Park and the growing family camping/RV business.
Famous for providing families with pools, water slides, splashgrounds, jumping pillows, wagon rides, foam parties and interactions with Yogi Bear costumed characters, Jellystone Park has 75 locations in the U.S. and Canada. Guests choose from a variety of camping and glamping accommodations.
So far this year, investment group activity includes:
- Commitments for new camp-resorts to be built near Grand Junction, Colorado; north of Las Vegas, Nevada in Hurricane, Utah; and near Knoxville, Tennessee.
- Acquisition and expansion of existing Jellystone Park campgrounds near Cedar Rapids, Iowa; north of St. Louis, Missouri; in Delaware Beaches, Delaware; and near Cleveland, Ohio.
- Conversion of independent campgrounds to the Jellystone Park brand in Cape Cod, Massachusetts; in northern Pennsylvania; and near St. Louis, Missouri.
Of the 10 agreements, seven involve investors with holdings or experience in the self-storage, mobile home or multi-family markets.
After thirty years of investing in self-storage properties, Ricky Jenkins in 2019 shifted his company’s focus to campgrounds and RV…