Have you ever wondered who bought Camelback Resort? Well, wonder no more! In 2018, the popular ski and water park resort located in the Pocono Mountains of Pennsylvania was purchased by a real estate investment trust known as EPR Properties.
What is EPR Properties?
EPR Properties is a publicly-traded real estate investment trust that specializes in entertainment, recreation, and education properties. They own several properties across the United States, including amusement parks, ski resorts, and golf courses.
Why did EPR Properties buy Camelback Resort?
EPR Properties saw an opportunity to invest in a thriving resort with a strong customer base and excellent reputation. Camelback Resort had been growing rapidly in recent years, expanding their ski slopes and water park attractions to become one of the premier destinations in the Poconos.
The History of Camelback Resort
Camelback Resort first opened in 1963 as a small ski area with just two slopes. Over the years, it expanded to include 39 trails and 16 lifts.
In 2005, the resort added an indoor water park called Aquatopia. Today, Camelback Resort boasts over 800 acres of skiing terrain and one of the largest indoor water parks in North America.
The Future of Camelback Resort
Under new ownership, Camelback Resort continues to grow and innovate. In 2019, they opened Kartrite’s Indoor Water Park at Monticello in New York’s Catskill Mountains – another property owned by EPR Properties. The new indoor water park features several unique attractions such as Flow Rider surfing simulator and Jiggerty-Jaggerty interactive play structure.
Conclusion
In conclusion, EPR Properties’ purchase of Camelback Resort has allowed for continued growth and innovation at one of Pennsylvania’s most popular destinations. With a strong customer base, excellent reputation, and new ownership, Camelback Resort is set to continue its success for years to come.