Investment Overview

Lazy Pelican RV Park is a 70-site property located in Crystal Beach, Texas. The site mix is comprised of 55 concrete RV lots with an additional 15 open-air storage spaces. The property was built in 2016 on 7.88 acres. Amenities include Wi-Fi, picnic tables, laundry facilities, and a pergola. They also have direct beach access within a two-minute walk. Crystal Beach, Texas located on the Bolivar Peninsula boasts 27 miles of sandy beaches and laid-back, Southern, coastal living. The Bolivar Peninsula is renowned as one of the region’s top tourist destinations. Galveston Island welcomes nearly 8 million tourists per year, with many visitors flocking to nearby Bolivar Peninsula for its first-class events (such as the Texas Crab Festival), top-tier fishing, and variety of local restaurants. Crystal Beach is just under a 2-hour drive from Houston and a short ferry ride from Galveston. The Bolivar Peninsula is part of the Great Texas Coastal Birding Trail, which is a system of trails, nature preserves, and sanctuaries and boasts more than 450 bird species. The Bolivar Loop of the trail includes several bird sanctuaries located throughout the entire peninsula and offers excellent opportunities for unique birding, particularly during the Fall and Spring migrations. In 2023, The Bolivar Investment Group announced plans to change the face of the Bolivar Peninsula with a 110-acre, multiphase beachfront development that includes a hotel and beach resort, and a private airport. According to developers, The Peninsula Beach Club and Resort are described as the “crown jewels” of the plan. They feature a private guest clubhouse with twin Olympic pools and cabanas, a bar & grill, and a large event floor with wrap-around shade porches. There will also be a spa and restaurant. Their plan also includes a private FAA-approved full-service airport just minutes away from the resort itself. A few other aspects of the development include: - The Zoo Beachbar & Grill: a 41,000-square-foot beachfront icehouse/sports bar and grill with full-service dining and entertainment decks - The Peninsula Resort Cottages: a private beach resort comprised of one-, two- and four-bedroom studio cottages on the water with access to the guest clubhouse, Veranda Bar & Grill and swim club, pickle ball courts, recreational lake, beach cart trails and more. - Merchants’ Row: a group of storefronts and retail spaces along Highway 87 fast food/ takeout, beach clothing, specialty, and convenience stores.