The owner of an expansive Yogi Bear Jellystone Park camp-resort blames high fuel prices for diminished business and his decision to sell the resort.
Edward Van Der Molen, president of Van Der Molen Recreational Properties Inc., is seeking a buyer for his Three Bears Resort in Warrens, Wis. The 740-site resort features indoor and outdoor waterparks, a skate park, restaurants and a 93-room Three Bears Hotel and Conference Center. The park is a franchisee of Leisure Systems Inc., Milford, Ohio.
Van Der Molen said his firm is actively seeking a buyer or buyers for the property, according to the Tomah (Wis.) Journal. “The process of selling the resort has been under way for several weeks, and we have a number of interested parties in various stages of fact-finding about the possibility of closing a sale or partnership agreement,” Van Der Molen said in a press release.
The resort may close as early as Sept. 29 if Van Der Molen cannot find a buyer.
“Some potential buyers are interested in the Jellystone Park campground only, some are interested in the hotel only, and some parties are interested in controlling the entire resort property,” he said.
“The continuing rise in gas and oil prices and their subsequent effect on the transportation and travel plans of Americans has affected our business like many other businesses,” Van Der Molen added. “It has not been possible to keep growing the resort at its projected rates during the current difficult economic conditions many of our guests find themselves in.”
Occupancy was reported to be down 14% this year.