Colliers Manufactured Housing & RV Group, serving as the exclusive agent for the Owner, is delighted to present the offering to acquire Millwood Landing Resort, a 65-site RV & Golf Resort located in Southwest corner of Arkansas, on one of the states premier bass lakes, Millwood Lake. The resort features southern Arkansas’ longest 18-hole golf course, a par 72 challenging course woven through the tall and wispy pines and is located about 25 miles northeast of Texarkana and the Arkansa/Texas state line.
The resort currently operates as a membership campground and golf resort adding to the main attraction of its proximity to Millwood Lake and the recreational attractions that surround it.
The property has historically operated as part of a membership club which seeks to optimize membership revenue rather than property-level NOI.
This provides the opportunity for a buyer to purchase an underperforming property at a price well-below replacement cost and stabilize the property at a high double-digit unlevered yield.