FOR IMMEDIATE RELEASE
Atlanta, GA – March 27, 2017 – Turnstone Group has acquired the Bonanza Campground & RV Resort located in the heart of Wisconsin Dells, WI. The resort benefits from a premium location, offering 206 RV pads, within close proximity to various waterpark and theme park attractions. Turnstone intends to implement a value enhancement plan, including capital improvements and a comprehensive marketing strategy to build on the resort’s location within the thriving Wisconsin Dells submarket, a family vacation destination in the Upper Midwest that hosts over four million visitors per year.
“This acquisition offers Turnstone the opportunity to further expand its RV resort footprint and establish a presence in the Upper Midwest. We’re eager to begin our value enhancement plan and to build upon the past success of this family oriented resort in an established destination,” commented Turnstone’s Jeff Major.
Turnstone Group now owns eight RV resorts located in Florida, Texas, New Mexico, Missouri, and Wisconsin and is actively seeking additional acquisition opportunities primarily in the $3 to $25 million range across the United States.
About Turnstone Group
Turnstone Group, a real estate and real estate related investment manager with offices in Atlanta and Minneapolis, focuses on investing in misunderstood or special situations across a variety of traditional and non-traditional asset classes, and on compelling opportunities for value enhancement. For more information visit: www.turnstonegroup.com.