Wednesday, July 23, 2008
THOUSAND TRAILS BEING BOUGHT BY EQUITY LIFESTYLE PROPERTIES
RV Business
Wednesday, July 23, 2008
Thousand Trails LP expects to eliminate 144 positions at its Frisco, Texas, headquarters when a planned sale of the company to Equity LifeStyle Properties Inc. is complete, the company said in a letter to the Texas Workforce Commission.
The Frisco-based operator of RV camping and outdoor preserve communities says an additional 97 employees working off-site will lose their jobs, bringing the total staff reduction to 241 employees. Most of the positions are tied to administrative functions at the company’s Frisco headquarters.
Chicago-based real estate investment trust Equity LifeStyle Properties Inc. (NYSE: MHC) said in July that it would acquire Thousand Trails from its parent company, Privileged Access.
In May 2002, Thousand Trails was awarded $125,000 in cash incentives from the City of Frisco, for moving its headquarters and 100 jobs from an office building along Interstate 635 to Parkwood Office Center in Frisco. The company says the staff reductions will take place on or around Sept. 24.
Wednesday, July 23, 2008
Thousand Trails LP expects to eliminate 144 positions at its Frisco, Texas, headquarters when a planned sale of the company to Equity LifeStyle Properties Inc. is complete, the company said in a letter to the Texas Workforce Commission.
The Frisco-based operator of RV camping and outdoor preserve communities says an additional 97 employees working off-site will lose their jobs, bringing the total staff reduction to 241 employees. Most of the positions are tied to administrative functions at the company’s Frisco headquarters.
Chicago-based real estate investment trust Equity LifeStyle Properties Inc. (NYSE: MHC) said in July that it would acquire Thousand Trails from its parent company, Privileged Access.
In May 2002, Thousand Trails was awarded $125,000 in cash incentives from the City of Frisco, for moving its headquarters and 100 jobs from an office building along Interstate 635 to Parkwood Office Center in Frisco. The company says the staff reductions will take place on or around Sept. 24.
