Raven Resources Corp. Decides Not to Proceed with the Acquisition of Modern Cabin
Dallas, TX – July 28, 2023 – Raven Resources Corp. has completed its evaluation of Modern Cabin, a New York-based short-term rental product, and has chosen not to proceed with the financing.
Modern Cabin offers a unique and innovative approach to short-term accommodations, creating high-quality experiences for travelers. After thorough consideration, Raven determined that the acquisition did not align with its current strategic priorities.
"Modern Cabin is an exciting and well-executed concept in the short-term rental market," said Paul Scribner, CEO of Raven Resources Corp. "While we ultimately decided to focus on other areas, we have great respect for their vision and look forward to their continued success."
About Raven Resources Corp.
Raven Resources Corp. is a diversified investment and asset management firm focused on real estate, private credit, structured finance, and strategic equity investments. With a disciplined approach to capital deployment, Raven Resources partners with high-growth businesses, hospitality ventures, and entertainment initiatives to drive long-term value creation. The company’s portfolio includes structured financial instruments, land development, and investment in brand-driven entertainment projects. Committed to financial stability and innovation, Raven Resources continues to expand its footprint through strategic partnerships, asset acquisitions, and market-driven investment strategies.
Media Contact
Kelly Delp
kdelp@rvn.rs
(214) 865-9083
