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Property acquisition in Colorado Springs, Colo. will lead to company’s seventh location

MEMPHIS, Tenn., May 1, 2012— RVC Outdoor Destinations, the leading provider of high-quality outdoor resort resorts in the United States, announced today its expansion West with its acquisition of the Garden of the Gods Campground in Colorado Springs, Colo.

The roughly 200-site resort is located near the entrance of the Garden of the Gods Visitor Center, with views of Pikes Peak, the most visited mountain in North America. The resort has been the top RV and outdoor lodging destination in the region but has been under bank ownership since 2010. RVC has begun stabilizing operations and will begin renovating the resort immediately. Renovations will include an overall upgrade of the resort and its amenities, including enhancing tent sites and incorporating them into current on-resort cabins for a unique camping experience, resurfacing pools, improving existing RV sites and adding eight new, concrete RV sites. In the coming weeks, RVC will rebrand the resort from Garden of the Gods Campground to Garden of the Gods RV Resort, and will re-flag it as an RVC Outdoor Destination by the start of 2013.

“The Garden of the Gods acquisition is a terrific addition to our portfolio of upscale outdoor vacation resorts,” said Andy Cates, president of RVC Outdoor Destinations. “The upgraded camping experience we offer is resonating with guests. It fits with what a lot of people are looking for in a vacation these days because it is unique, affordable and allows guests to enjoy some of America’s most beautiful natural landscapes with amenities that truly make it a destination experience.”

In addition to its newly acquired Colorado resort, RVC currently operates Outdoor Destinations and RV Resorts in Arkansas, Georgia, Florida and North Carolina.

RVC created the Outdoor Destination hospitality model to provide a variety of lodging options, including RV sites, cottages and yurts, all set within unique natural environments. The resorts feature amenities, such as concierge service, a ‘bark park’ off-leash area, modern swimming pools, boating and fishing rentals, coffee, beer and wine bars, free Wi-Fi and cable, and a gift shop.