Capital Vacations Acquires Sunrise Ridge Resort in Pigeon Forge
Capital Vacations has acquired certain assets of Sunrise Ridge Resort in Pigeon Forge, Tennessee. This acquisition adds 132 units and a third resort to the company's Smoky Mountains portfolio. The purchase includes vacation ownership intervals, management rights, and related assets, with Capital Vacations now serving as exclusive manager for all operations at the resort. The strategic move aims to enhance the hospitality experience through top-tier services such as rental management and sales marketing. Sunrise Ridge Resort offers amenities like indoor and outdoor pools, a fitness center, and scenic mountain views. Travis Bary, Co-President of Capital Vacations, highlighted the prime location, capable team, and regional growth strategy behind this acquisition. Capital Vacations plans to establish a sales preview center at the resort and implement improvements in unit interiors and landscaping over time.
Topics: acquisition real estate resort management