Real Estate Firm Acquires Tenn. Class A Resort
TR Partners LLC announced the acquisition of Tellico Ridges Luxury Mountain Motorcoach Resort, a Class A motorcoach resort nestled within the foothills of the Smoky Mountains of Tennessee.
According to a press release, the Knoxville, Tenn-based real estate investment group plans to redevelop the current RV resort in order to appeal to a wider audience by adding home sites. The investment group intends to renovate the grounds in two phases, by developing two-thirds of the land into mountaintop home sites of several acres each, while continuing the development of luxury class A motorcoach lots on the remaining one-third of the land.
Prior to TR Partners’ ownership, Tellico Ridges underwent several updates at the resort, including the development of an infinity pool, rock waterfall and a meandering stream throughout the spacious RV resort,
Located at the junction of the Little Tennessee River and Tellico River, the resort is in close proximity to Knoxville and other key southeastern Appalachian destinations due to its easy access to I-75. The area offers a wealth of activities from outdoor recreation such as boating, fishing and hiking to exploring nearby cities for shopping, concerts and premier dining.
Class A RV lots are expected to begin in the range of $150,000 when launched later this year. Tellico Ridges’ mountain home sites prices have not been determined. Visit www.tellicoridges.com for more information.