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Koyote Ranch Project Under way
Posted By Sherman Goldenberg On January 31, 2003 @ 3:00 pm In Breaking News | No Comments
Work is under way by Dallas-based developer DalMac Investment Corp. on Koyote Ranch, a high-end RV campground and resort near San Antonio, according to the San Antonio Express-News.
Koyote Ranch, which will include 50 RV sites along with 50 cabins and 50 tent camping sites, is scheduled to open around Labor Day, the newspaper reported.
“It’s the next generation of outdoor entertainment,” said DalMac President Brad McJunkin. “It will have aspects of a campground, an RV park, a bed-and-breakfast and mix them into a very high-end resort development that allows outdoors enthusiasts to enjoy a higher level of service.”
Based upon his experience as an RVer, McJunkin concluded that the campground sector offers investment opportunities, because many campgrounds have not changed their service offerings much since the 1950s.
DalMac bought the 100-acre Koyote Ranch site, at the Kerr-Bandera county line, in December. It includes a 6,000-square-foot, 1950s-style limestone ranch house. A $6 million renovation of the ranch house is under way.
The 100-acre site has three lakes. Koyote Ranch also will include a general store, meeting rooms, swimming pool and an adults-only spa.
McJunkin hopes to open two similar resorts per year in the Southern states, where they can operate 12 months a year, he told the Express-News.
He has a second planned for the Gulf Coast resort town of Galveston, Tex., where he plans to locate the development on the 23-acre site of a former sea mammal theme park.
Campground resorts represents a diversification move by DalMac, which is best-known as the developer of industrial, warehouse and office parks in the Dallas/Fort Worth area, and most recently, as the builder of Wal-Mart stores.
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