Capital Vacations Strategically Expands Its Portfolio with Acquisition of Narveson Management Inc.’s Hospitality Assets

Myrtle Beach, SC -- December 11, 2024 – Capital Vacations, LLC proudly announces the acquisition of certain assets of Narveson Management Inc. (NMI), a move that strategically expands its portfolio and solidifies its presence in Minnesota’s popular Breezy Point and Brainerd Lakes areas.

“This acquisition enhances our ability to deliver our Club members memorable vacation experiences surrounded by Minnesota's beautiful lakes and forests.”

— Travis Bary, Co-President of Capital Vacations

This strategic expansion adds 22 new associations to Capital Vacations' portfolio, strengthening its position as a leader in the region’s independent resort market. Located just two and a half hours from Minneapolis, these properties offer the quintessential Minnesota experience, providing significant opportunities for growth through enhanced sales, marketing, and management services.

“We are thrilled to join the Capital Vacations family. Our agreement will allow us to continue to improve on the exceptional management services we deliver for our valued owners and guests.”

— Neal Narveson, Owner and CEO of NMI

Neal Narveson, previously the owner and CEO of NMI, will join Capital Vacations as Senior Director of Hospitality Operations, further strengthening the company's operational excellence and leadership in the hospitality sector.

Capital Vacations' expansion into the upper Midwest aligns strategically with its mission to deliver exceptional hospitality and memorable experiences. With no major regional competitors, the addition of these properties underscores the company’s commitment to long-term growth and excellence.