KeyLime Cove Waterpark Resort in Gurnee, IL., is now under new management. Veracity Hospitality, a newly formed hotel and resort management company, today announced it has assumed management of the 414-suite property.

The new company was founded by 25-year hospitality and waterpark resort veteran, and former KeyLime Cove general manager, Dale McFarland. According to a press release, it was awarded the management contract by an appointed advisory board representing the interest of the ownership group, made up of 65 banks.

“Veracity Hospitality is positioned to focus on the day-to-day operations, with a strategic, long-term management mindset,” said Dale McFarland, Veracity Hospitality president and ceo. “I plan to deliver a unique and flexible operations platform which will lead to optimal results for the owners, the hardworking staff, and ultimately the thousands of families who choose KeyLime Cove each year.”

An island-inspired destination located in the heart of the Midwest, KeyLime Cove was developed by Dave Anderson, founder of Famous Dave's Legendary Pit Barbecue restaurant chain, and opened in 2008. Amenities include a 65,000 square-foot, 82-degree tropical-themed waterpark, 8,000 square-foot arcade, multiple restaurants including D.W. Anderson’s Eatery and Ice Cream Parlor and The Crazy Toucan Margarita Grille with live entertainment, Paradise Mist Spa and 6,000 square feet of banquet and meeting space.