Discovery CEO David Zaslav Loses Bid to Buy Mohawk Day Camp to Fitzwalter Capital

Zaslav's Grandview Ventures had offered $68 million as the stalking horse bidder for the camp and its affiliated preschool, but FitzWalter won with a $120.75 million bid. The property spans nearly 39 acres and includes a $250,000 playground and a performing arts center. Zaslav's adult children attended the camp, and a spokesperson called the effort a personal family investment.

FitzWalter's plans for the site remain unclear. The camp was part of a larger bankruptcy involving brothers who accumulated debt across dozens of summer camps. A judge is expected to approve the winning bids next week. This is a personal family investment that reflects our lifelong belief that summer camp can be a wonderful part of a child's growth, and Mohawk's history as a successful camp experience for so many kids, including our own, the spokesperson said.