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Strategic Ownership: MZJA Holdings Inc. owns 100% of the property and operates it directly, (formerly run by Grotto Getaway Ltd., now fully amalgamated), under the established "Grotto Getaway" brand.
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Significant Property Value Growth: Acquired for ~$1.5M in 2021, the property's value surged to $3M by the end of 2022, with projected growth to over $8M by 2027, driven by an ambitious development plan.
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Revenue-Generating Campsite: Currently featuring 16 glamping tents, 10 trailers, one 'tiny-home-on-wheels' and 4 Geo Dome sites, the property generated $700K in revenue in 2026, 66% sales growth year-over-year from the ~$420K in 2024 when traditional camping was shut down. Management expects sales to exceed $900,000 in 2026. There are plans to expand to 39 units by 2028, with projected revenues of $1.79M.
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Clear Use of Proceeds: Proceeds from Class B shares will continue to be used for renovations and construction ($1.015M), fees ($245K), and other operational costs ($250K), ensuring efficient capital utilization.
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First Mortgage and Debt Structure: A first mortgage of $1.88M with RBC, secured at a 4.88% annual interest rate, with a renewal expected in 2026, alongside $600K in promissory notes to the Principals of the company and other investors at 14-16%.
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Expert Management Team: MZJA Holdings Inc's Internal team handles all campsite operations, bookings, and staffing, with Asset management fees kept at a competitive 5% of gross revenue.
