Overview
- The auction for Mohawk Day Camp drew multiple wealthy bidders and investment firms, and David Zaslav raised his offer from $68 million to $80 million before being outbid.
- Court documents reported by industry outlets identify a private equity buyer as the winning bidder and list a purchase price far above Zaslav’s offer.
- Mohawk’s director, Adam Wallach, said the bankruptcy and sale are handled behind the scenes and that current camp operations, staff, and programming remain unchanged.
- Camp partners, alumni, and staff fear outside financial buyers will prioritize land value or repurposing over preserving decades‑old camp traditions and local management.
- Mohawk is the highest‑valued asset in the Simad portfolio, which entered bankruptcy after the Shabsels’ company faced heavy debts, and the sales could signal wider investor interest in buying camp properties.