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Financial Woes Mount for Morgan RV Resorts

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April 26, 2013 by   6 Comments

Robert Moser is struggling to stay out of financial and legal trouble in other states, and some residents of his Adirondack recreational vehicle campsite, Coldbrook Campsites in Gansevoort, N.Y., are worried they won’t have a home this summer, the Saratoga Springs Saratogian reported.

Moser, a resident of Greenfield Center, is the owner and CEO of Morgan RV Resorts, which is a division of Morgan Management LLC. According to its website, the company manages $2 billion in real estate assets and “is responsible for 16,000 apartments, 16,000 recreational spots, 8,000 mobile home sites and a variety of industrial parks and resorts.”

The company maintains RV parks, campgrounds and manufactured home sites in Connecticut, Florida, Indiana, Massachusetts, New York, New Jersey, North Carolina, Ohio, Virginia, Wisconsin and other states. Morgan RV Resorts is considered one of the largest privately owned RV park corporations in the country.

The Coldbrook Campsites in Gansevoort is normally bustling with activity at this point in the season, a week before opening day, summer resident Helga Manning of Schenectady said.

But on Wednesday afternoon (April 24), the campground was deserted, with no workers in sight. Pinecones and brush littered the property and a glance into the camp store’s window revealed a jumbled, chaotic mess of abandoned camping goods.

Manning is one of more than 200 people who rely on the Coldbrook Campsites as their home for the summer season. She said some residents have already paid the $2,500 camping fee for the summer and that she and other residents of Moser’s campsites are concerned because rumors are circulating that the campground won’t open and they will lose their deposits.

Much of that concern is rooted in court documents, filings with the Securities and Exchange Commission and newspaper articles that tell a story of a company deep in debt and its owners, who are accused of going to unseemly lengths to make a buck.

Massachusetts Attorney General Martha Coakley took Moser to court in 2011 and won, after Moser and his staff strong-armed nearly 100 residents into purchasing expensive memberships to stay in their homes. Some residents paid as much as $16,000 because they were scared of being kicked out of Peters Pond RV Resort in Sandwich, Mass.

“This company took advantage of elderly customers and retirees who invested a significant amount of money in their homes,” Coakley said in a press release after the attorney general won the case in 2012. “It is difficult to believe that any business would try to strong-arm people who worked and saved their entire lives so they could enjoy their golden years. We are thankful that these practices will end and that consumers will receive restitution.”

But Jillian Fennimore, a spokeswoman of the Massachusetts Attorney General’s Office, said the office still has a contempt action pending against Moser, his attorney, Carmel Gilberti, and various companies Moser conducts business through for “discouraging consumers from accepting restitution to which they are entitled,” according to court documents.

The court documents filed by the Massachusetts attorney general allege “defendants and Gilberti repeatedly misinformed consumers that if they accept restitution, the consumer’s seasonal fees for 2012 will increase by about 25 percent.”

Moser’s business partner is Robert C. Morgan, the owner of Morgan Management in Rochester.

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Comments

6 Responses to “Financial Woes Mount for Morgan RV Resorts”

  1. Eric on April 26th, 2013 10:25 am

    Is there even any employees in their corporate office anymore? Sounds like they abandoned ship

  2. Bob moser on April 28th, 2013 10:44 pm

    I typically do not comment on articles, however this one does not have a speck of truth.
    A) we had been leasing office space, the lease comes do at the end of this month, so I decided to buy a class A office building, which I closed on two weeks ago. The reason items where boxed is because we are moving to the new space!
    B). We have 5 campgrounds and a hotel all in the Saratoga/ lake George region they all open may 1st. We do the clean ups in a rotation. We had only a park and half of one left to clean when I received this strange call from the reporter, when you operate multiple locations you are working right up to the gates opening and then continue till the park closes.
    C). In one thought she states we just made over $111 million and next she mentions financial issues.
    D). Our company is stronger then ever and continues to acquire assets across the country.
    E). I am currently hiring for both field operations and home office jobs.
    F). We pay at the higher range in the industry and offer great health and other benefits.

    We are always striving to improve and provide our guests a safe, fun, family affordable vacation. Always looking for constructive suggests to improve.

  3. Len on April 29th, 2013 3:53 pm

    Moser says his company is doing well. How come the website has been down since the story broke? This is the beginning of the camping season and the website says it is down for maintenance. If it really is down for maintenance, this just shows how Moser and Morgan run a business. Before the story was published we looked at the Morgan site. Last year they had 41 sites. Last Wednesday only 8 were listed. We have camped at a Morgan site for years. Should our campground not get foreclosed on, Moser will not see another dime from us!

  4. Homer on April 29th, 2013 4:16 pm

    Does Mr M know how to speak the truth. I am an ex employee and it appears his statement above is far from accurate. Could it be he has been so insulated or dissinterested in the companies operations over the years?

  5. Tina on May 5th, 2013 7:21 pm

    Mt. Pines campground owned by Morgan Resort is open right now, but their facebook is shut down. What will this mean for us seasonals that paid in full last year?

  6. Robert on May 6th, 2013 1:33 pm

    I also tried to look at the website and it is under construction. Endless Caverns in Virginia is where I usually book. I just called the reservations line and they are open for business or at least they are willing to take my reservation payment. I am uncertain whether or not I should until I can get a good answer. Does anyone know more about what is going on? I had friends stay there the weekend of April 20 and they were open. Thanks.

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