Sandy Pines Campground in Kennebunkport is on the market again through a sealed bid sale following a Chapter 11 bankruptcy filing by its ownership.
The U.S. Bankruptcy Court for the District of Maine approved the format, requiring interested buyers to submit bids simultaneously before the May 27 deadline.
A foreclosure auction for the property was previously scheduled for March but was postponed. The resort is operated as part of Atlantic Hospitality, which is run by Tim Harrington, according to an article by Press Herald.
A representative from Atlantic Hospitality did not respond to a request for comment by a Monday afternoon deadline.
Keenan Auction Company Inc. is managing the sale process in coordination with commercial real estate firms Hunneman and CBRE.
Court documents indicate Sandy Pines LLC holds more than $16 million in total assets and over $20 million in liabilities.
The 46.25-acre destination features 268 campsites, a heated saltwater pool, and lodging accommodations that include yurts and cabins.
Despite the looming ownership transition, the business plans to open on Friday for its 10th season, introducing new compact RV campsites to its inventory.
The transaction is offered as a going concern, meaning operations will not immediately cease as a result of the sale.
Stef Keenan of Keenan Auction Company noted that if a winning bid is accepted, the bankruptcy court will weigh whether to approve it in June.
After court approval, the purchaser will have five days to close the transaction or request an extension.
“I can’t speak to their long-term plans,” Keenan said. “It is a magnificent campground and very well-maintained, highly improved, so I fully expect somebody will want to operate as a campground and continue with the long history that it’s had.”
This ownership transition highlights the complex financial realities that can impact large-scale outdoor hospitality operations.
For industry professionals, the structured bankruptcy sale of an established glamping and RV property underscores the importance of balancing capital investments with sustainable debt management to ensure long-term operational stability.