Have you ever wondered who owns Allegany Mountain Resort? If so, you’ve come to the right place. In this article, we’ll take a closer look at the ownership of this popular resort and provide you with all the information you need.
The History of Allegany Mountain Resort
Before we dive into the ownership of Allegany Mountain Resort, let’s take a brief look at its history. The resort was founded in 1976 by a group of local investors who were looking to create a destination for outdoor enthusiasts in western New York State. Since then, the resort has grown to include over 400 campsites, rental cabins, and numerous amenities such as swimming pools, playgrounds, and hiking trails.
The Current Ownership of Allegany Mountain Resort
Allegany Mountain Resort is currently owned by ELS (Equity Lifestyle Properties), a Chicago-based real estate investment trust that specializes in owning and operating recreational properties such as RV parks, campgrounds, and marinas. ELS acquired Allegany Mountain Resort in 2017 as part of its strategy to expand its portfolio of recreational properties across the United States.
Who is ELS?
ELS was founded in 1993 by Sam Zell, a billionaire real estate investor known for his contrarian approach to investing. The company went public in 1995 and has since grown to become one of the largest owners and operators of recreational properties in North America.
What Does This Mean for Allegany Mountain Resort?
As part of ELS’s portfolio of properties, Allegany Mountain Resort benefits from the company’s expertise in managing recreational properties. ELS has a proven track record of investing in its properties to improve their amenities and infrastructure while also maintaining their natural beauty. Additionally, as part of a larger network of properties owned by ELS, Allegany Mountain Resort can provide its guests with access to a wider range of recreational activities and amenities.
Conclusion
In summary, Allegany Mountain Resort is currently owned by ELS, a Chicago-based real estate investment trust that specializes in owning and operating recreational properties. As part of ELS’s portfolio of properties, Allegany Mountain Resort benefits from the company’s expertise in managing recreational properties and can provide its guests with access to a wider range of recreational activities and amenities. Whether you’re a longtime guest or a first-time visitor, you can rest assured that Allegany Mountain Resort is in good hands with ELS at the helm.
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