MC Daily News Brief - December 20th, 2024

Welcome to the MC Daily News Brief, presented by Modern Campground . Today is December 20th, 2024, and we're here to bring you the latest updates and insights from the world of camping and outdoor adventures. Stay tuned for all the essential news you need to start your day informed and inspired.

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Jellystone Park Expands in Canada with Cavendish Camp-Resort Transformation

In a significant expansion move, Maritime Fun Group is transforming the Cavendish KOA Holiday into a Yogi Bear’s Jellystone Park Camp Resort , with plans to reopen by May 19, just ahead of Victoria Day. This transformation marks the group's second Jellystone Park location in Canada, adding to its commitment to family-friendly attractions. The revamped Cavendish site will feature signature Jellystone experiences, including Yogi Bear character events, glamping accommodations, and a suite of amenities such as a swimming pool, petting zoo, and an RC track. Enhancements have also been made to infrastructure, aiming to elevate the guest experience. Maritime Fun Group, which already operates a Jellystone Park in New Brunswick, views this expansion as a natural fit for the family destination of Cavendish, Prince Edward Island.

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Colliers Leads Strategic Advisory in CAPREIT’s $740 Million MHC Sale to TPG Real Estate

Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) has successfully sold its manufactured housing portfolio to TPG Real Estate for $740 million, encompassing 74 communities across eight provinces and 12,000 homesites. This deal underscores the rising investor demand for manufactured housing communities, considered stable, long-term investments. Colliers' The Manufactured Housing & RV Group , led by Michael Nissley, provided strategic advisory for the transaction. The move is part of CAPREIT's strategy to repay a $187 million loan and invest in new rental properties. The financing includes a $140 million vendor take-back loan and $600 million in cash. TPG Real Estate aims to ensure long-term stability while maintaining affordable housing options, reflecting a balanced investment approach. The transaction highlights Colliers' expertise in global capital markets and strategic advisement, enhancing CAPREIT's objectives.

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RoverPass Introduces Mass SMS Notification to Enhance Guest Communication for Campgrounds

In a move to bolster communication in the outdoor hospitality industry, RoverPass has unveiled its new Mass SMS Notification feature, designed to enable campground operators to send personalized messages to numerous guests at once. This real-time communication tool aims to enhance operational efficiency and boost guest satisfaction. Developed in response to feedback from campground operators, the feature reflects RoverPass’s ongoing commitment to innovation and improving its all-in-one management platform, which already includes reservation systems and payment processing. Melisa Chang, RoverPass's marketing director, emphasized the importance of seamless communication in ensuring a positive guest experience, hinting at more upcoming enhancements to their software. This latest feature underscores RoverPass’s mission to streamline campground management and support outdoor hospitality businesses in effectively managing their operations.

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That’s all for today’s news. For more in-depth coverage of these and other stories related to the outdoor hospitality industry, visit ModernCampground.com.