Zaslav's Grandview Ventures Bids $68 Million for Mohawk Day Camp in Bankruptcy Auction
Updated
Updated · Bloomberg Law · Jul 15
Zaslav's Grandview Ventures Bids $68 Million for Mohawk Day Camp in Bankruptcy Auction
3 articles · Updated · Bloomberg Law · Jul 15
Summary
$68 million would set the floor for Mohawk Day Camp's sale after David Zaslav's Grandview Ventures signed a stalking-horse deal filed Wednesday in U.S. Bankruptcy Court in New Jersey.
Mohawk was pushed into bankruptcy last month, sending the Westchester County summer camp into an auction process rather than a direct sale.
Nearly 2,000 children from the New York City metro area attend the upscale day camp, making the asset a sizable regional business as well as a family recreation property.
Zaslav described the bid as a personal family investment, with the Warner Bros. Discovery chief pursuing the camp through a privately owned company rather than through his media group.