RV campground membership company Western Horizon Resorts has purchased the Pahrump Valley Vineyards in Pahrump., Nev., for $2.5 million plus a five-acre parcel of land for $150,000, according to the Las Vegas Review-Journal.
Gunnison, Colo.-based Western Horizon will combine the operation of the vineyard, which includes a restaurant, gift shop and wine-tasting room, with the 250-space RV resort it will build on adjacent land.
Western Horizon anticipates spending $2 million to develop the RV resort, which is expected to be completed in January, the Review-Journal reported.
The village of Pahrump is about halfway between Las Vegas and Death Valley, Calif. “With such a major company (as Western Horizon) coming into the Pahrump Valley, it will open the doors to other businesses that previously shied away from the area,” according to Robert Stapp, the Henderson, Nev.-based real estate agent to brokered the transaction.
The Pahrump winery opened in 1988 and has become a Nevada landmark, attracting 130,000 visitors a year, according to the Review-Journal.
Western Horizon has aggressive growth plans with the goal of acquiring as many as 25 RV resorts during the next five years.