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Hershey-area RV campground sold to private equity firm
Paula Wolf//November 18, 2022
The Jonestown/Hershey NE KOA Journey campground has been acquired by Cedarline Outdoor, a portfolio company of Miami-based private equity firm Halmos Capital Partners.
The park, at 11 Lickdale Road, Jonestown, features 86 RV sites, three cabins and 12 tent sites and is Cedarline’s third purchase in the Northeast, along with its Twin Mountain and Littleton KOA parks in New Hampshire.
An outdoor hospitality investment platform, Cedarline is focused on buying “high-quality parks in desirable destinations throughout the United States and Canada,” a release said.
Open year-round, the pet-friendly campground with an on-site park area is 20 minutes from HersheyPark, on the Swatara Creek and near Interstate 81. There are multiple RV sites along the creek, as well as a restaurant, ice cream counter and general store. Other amenities include a playground, splash pad, jump pad, mini golf course and access to a rail trail hiking system.
“We are excited to add the Jonestown/Hershey park to our portfolio,” Andrew Cohan, founder and partner at Halmos, said in the release. “It is well located for campers looking to stay overnight on a trip along the Eastern Seaboard, or alternatively as the base for a Hershey vacation or simply to stay on site.”
Daniel Adan, partner at Halmos, added: “This acquisition furthers our disciplined strategy of acquiring parks which have a demonstrated history of well-executed operations and customer satisfaction. We look forward to building upon the existing legacy with select improvements identified during our due diligence process.”
Paula Wolf is a freelance writer
