DANBURY, Conn., April 26, 2016 (GLOBE NEWSWIRE) -- Athena Real Estate is pleased to announce the acquisition of Orange Grove Campground & RV Park (to be re-named Kissimmee RV Park), a 193-site RV Park located at 2425 Old Vineland Road in Kissimmee, Florida. The property, acquired through an Athena affiliate, is located 6.5 miles from the entrance to Walt Disney World© and in close proximity to the other Orlando attractions. The nearby area in Kissimmee is packed with many family-friendly activities such as miniature-golf, dinner theaters, restaurants galore, indoor flea markets, other tourist attractions, and shopping from virtually all national chains.
The RV Park will cater to retirees in the winter and families during the summer when visiting Orlando attractions. This well-located property includes a clubhouse, a swimming pool, Wi-Fi, shuffle board courts, horseshoe pits, propane sales, and laundry facilities. Athena plans to make capital improvements to upgrade this RV Park to improve the outdoor hospitality experience of the guest.
Richard J. O'Brien, Chief Executive Officer and Founder of Athena Real Estate, said, "We are extremely pleased to acquire Kissimmee RV Park, which is in a wonderful location. This Property is a great addition to our growing portfolio of RV Parks. We remain in the hunt to buy high quality properties on the East Coast of the U.S. and Arizona.”
O’Brien added, “Kissimmee RV Park provides significant synergies with our other outdoor hospitality assets and our RV dealership: Cypress Campground & RV Park, Morningside RV Estates, Atlantic Blueberry RV Park, Frostproof Mobile Village, and Cypress RV Sales, our RV dealership.”
About Athena Real Estate
Athena Real Estate, LLC is a real estate investment and advisory firm focused on specialty collateral types, including RV parks, manufactured housing communities, and self-storage facilities. Athena currently operates 17 commercial properties and an RV dealership. Located in Danbury, CT, the company's operating philosophy is to obtain premium returns by acquiring niche property types where focused management can provide a competitive advantage. Athena was founded in 2004 by Richard J. O'Brien, who is a former executive of a mid-cap public REIT and a large real estate financial services and investment company.
Athena is located at 98 Mill Plain Road, Suite 3C, Danbury, CT 06811
Source:Athena Real Estate, LLC