A Connecticut real estate investor paid $2.5 million this week to buy the Orange Grove Campground and RV Park just off Kissimmee's W192 tourist corridor.
"We are in the outdoor hospitality space, and we think it's a wonderful location," Athena Real Estate principal Richard O'Brien told GrowthSpotter on Wednesday. "The W192 area provides so many leisure activities for our guests. So yes, it will remain an RV park."
The park at 2425 Old Vineland Rd. lies on 13.5 acres. It has 193 RV spaces and allows tent camping in the summer. The sellers, Katherine and Byung Hak Kwon, had owned the park since 1989.
"This is a market where there's a short supply of RV sites," O'Brien said.
The park will be renamed Kissimmee RV Park and will undergo an extensive renovation, including repaving the roads, renovating the swimming pool and upgrading all RV electrical panels to 50 amps.
"This will be a much nicer park than it is now," O'Brien said.
The Kissimmee property, which is just behind the Nike and Disney outlet stores, is Athena's fifth RV park and fourth in Florida. O'Brien said the company is actively seeking more RV parks, mobile home parks and self-storage facilities in Central Florida.
"We just love Florida as a market," he said. "We have 17 commercial properties, and 15 of them are in Florida."
Athena currently owns and operates an RV park in Winter Garden, about two miles from Legoland.
"We cater to families and transient guests during the summer," he said. "During the winter, we cater to retirees. The park in Kissimmee will operate the same way."