Campers Inn Signs Letter of Intent to Purchase Lazydays Assets

Lazydays Holdings and Campers Inn Agreement: Lazydays Holdings has entered a nonbinding letter of intent with Campers Inn for the acquisition of its assets, including a $30 million payment for various properties and equipment, with specific terms for recreational vehicle inventory and real estate pricing.

Operational Transition and Timeline: Following the transaction, Campers Inn or a new holding company will operate Lazydays' dealerships in several states, with a target closing date before Thanksgiving 2025, and the possibility of site-by-site closings.

Exclusivity and Superior Offers: The letter of intent includes an exclusivity period during which Lazydays can consider superior offers from third parties, provided they notify Campers Inn and pay a $10 million breakup fee if they proceed with another offer.

Potential for Future Operations: Campers Inn is evaluating whether to continue operating Lazydays' other dealerships after the transaction closes, indicating a strategic assessment of the business's future direction.