RelaxNation, a 48-acre campground in Lehighton, sold for $3.8 million.
The complex at 1500 Rock Road was purchased by a group of investors, including Deepak Bhatnagar of Flemington, New Jersey, and Kuldeep Kumar of New York in early June.
The investors plan on making many improvements and updates to the year-round vacation and leisure destination that offers both traditional campgrounds and glamping facilities.
“We are adding 10 new cabins, fully renovating a house, and moving a chalet on the property to a better location,” Bhatnagar said. “We also plan to clean up the property and hire a consultant/management company to run it,” he said adding the improvements should be complete by the end of the year.
The partners also own the Hampton Inn, next door to RelaxNation. That’s how they saw it was for sale and believed it was a good investment, Bhatnagar said. The other investors are Dilbag Singh of Pennsylvania and Namrata Sharma of New Jersey.
RelaxNation is 1/2 mile off the Pennsylvania Turnpike near Jim Thorpe, Beltzville Dam, Blue Mountain Resort and more.
The gated resort offers guests a variety of amenities for all camping abilities including rustic cottages, RV sites, primitive camping and glamping sites. It also has a swimming pool, fishing, and nightly entertainment. A sky pavilion, located on the summit of the facility, is available for larger events including weddings.
The new luxury cottages will offer guests the best views overlooking the Pocono Mountains. “Our great hall will offer daily breakfast, evening reception, and nightly entertainment,” Bhatnagar said. “We will also have a general store for all your travel needs. Guests will be able to come and stay in our newly renovated historic farmhouse with a view of the Pohopoco River.”
Jeff Barber of Lehigh Financial Group LLC in Allentown arranged the financing for the investors to buy the property and make improvements to it. Shawn Bogutskie from First Commonwealth Federal Credit Union in Allentown, was the lender. Loren Speziale of Gross McGinley LLP in Allentown represented the buyers.