New outdoor hospitality investment company acquires two NH RV parks
Facilities in Littleton, Twin Mountain are firm’s first acquisitions
Cedarline Outdoor Investment, a newly formed outdoor hospitality private investment company focused on the RV park industry, has made its first two acquisitions, and they’re both in New Hampshire.
Cedarline, whose launch was announced Jan. 26 by Miami-based investment firm Halmos Capital Partners, almost immediately announced the acquisition of its first two parks, one in Twin Mountain and the other in Littleton. Both White Mountains parks “represent the cornerstone of the platform which will continue to grow through acquisitions and operational improvements,” Cedarline said.
The company said it will continue to pursue the strategic acquisition of RV parks in desirable destinations throughout North America in creating a diversified portfolio of properties.
“RV parks are a critical component of the North American vacation landscape. These assets have proven their resiliency throughout the COVID-19 pandemic and we believe the next generation of American families have embraced this travel option, creating long-term sustainable growth for the sector,” said Daniel Adan, a partner in the venture.