MEMPHIS,
Tenn. -- RVC Outdoor Destinations and Horizon RV Resorts have formed a joint
venture to facilitate RVC’s ongoing expansion efforts and to improve both RVC’s
and Horizon’s broader operating platforms, the companies announced today.
Horizon
will immediately begin assisting RVC in searching for property acquisition and
joint venture opportunities, focusing especially on properties in the Western
United States.
“We have
respected Horizon for many years and are excited to formalize a deeper
relationship with them. RVC has grown exponentially since the company was
created five years ago, and we are now moving beyond our initial regional
footprint,” said Andy Cates, president of RVC Outdoor Destinations.
“RVC
Outdoor Destinations is uniquely positioned, fully funded, and actively
expanding within this segment of the outdoor hospitality industry,"
said Randy Hendrickson, president of Horizon RV Resorts. "We are
excited to play a significant role in their expansion and are looking forward
to working more closely in improving our collective operations. Moreover, RVC’s
professionalism and commitment to the industry make them a formidable partner,
and we couldn’t be more thrilled to join forces with them.”In addition to working together in expanding RVC’s network of properties, RVC and Horizon will share industry information, research and best practices. Also, both companies will work together to improve purchasing power and increase marketing impact. Horizon RV Resorts will also provide RVC with additional operational capacity in its expansion, including properties sourced through the joint venture.
“The
world is changing, and has changed, dramatically over the last ten years. For
the outdoor hospitality industry to move forward and improve, owners and
operators of high-quality properties need to work together to encourage clearer
segmentation and identification," said Cates. "We believe like-minded
property owners want to work within a collaborative system that provides
capital, marketing expertise, operating capacity, and best practice sharing.
Randy and I have discussed this for years and are ready to move ahead with this
logical next step.”
RVC owns
and operates a unique collection of upscale destination properties that include
RV sites, yurts, and cabins. The company is headquartered in Memphis, Tenn.
For more
information, visit www.rvcoutdoors.com.
Horizon
RV Resorts is a third-party RV park management, consulting, acquisitions and
development group exclusively serving the outdoor hospitality industry. Their
corporate offices are in Westlake Village, Calif., and Greenwood Village, Colo.
For more
information, visit http://www.horizonrvresorts.com/.
