Capital Focuses on Outdoor Hospitality Acquisitions
Whitman Peterson led a dedicated capital commitment of $115 million focused on acquiring and redeveloping properties for AutoCamp’s expansion, including AutoCamp Yosemite.
SAN FRANCISCO—Under a recent agreement, Whitman Peterson led a dedicated capital commitment of $115 million focused on acquiring and redeveloping properties for AutoCamp’s expansion. As part of the transaction, Whitman Peterson also invested in the AutoCamp operating company.
Dedicated capital provided by Whitman Peterson will give AutoCamp the ability to develop more than $500 million in projects. The partnership has already closed on its first venture, the development of AutoCamp Yosemite. Situated a short drive from the gates of Yosemite National Park, the property will include 105 luxury Airstreams and tents, and is slated to open the first quarter of 2019.
AutoCamp, headquartered in San Francisco, has developed an outdoor hospitality experience for people who love nature while still addressing the need for proper amenities and the luxury of a seamless hospitality experience. Founded by Neil Dipaola and Ryan Miller, AutoCamp’s portfolio consists of two properties in Russian River and Santa Barbara, a property in Yosemite under development, and future locations nationwide.
Whitman Peterson is a real estate private equity company specializing in driving growth of target sector platforms. RobertDouglas advised AutoCamp in its selection of Whitman Peterson as a strategic capital and growth partner.