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Zaslav Bids $68M for Camp Mohawk | Real Estate News
Description
Warner Bros. Discovery CEO David Zaslav is bidding $68 million to buy Camp Mohawk — his kids’ childhood camp — in a high-stakes auction as Simad Holdings, the bankrupt parent company, liquidates its prized assets to pay creditors. Once home to 30 camps nationwide, Simad is now selling off properties, with Camp Mohawk valued at over $85 million and projected to generate $22 million in revenue next year. The Shabsels family, Simad’s founders, allegedly diverted $34 million before bankruptcy. With creditors watching closely, the auction could reveal how much they’ll recover — especially since total camp assets far exceed secured debt. Meanwhile, Warner Bros. Discovery navigates a massive, antitrust-targeted merger with Paramount.
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