South Street Partners, a private equity real estate investment firm headquartered in Charlotte, North Carolina, and Charleston, South Carolina, has acquired a resort in Hamburg, a charming Sussex County borough in the U.S. state of New Jersey, blending rich historical landmarks with high - end luxury amenities, famously known for its world –-class golf destinations, abandoned fairytale ruins, and close - knit, dense suburban community feel.
The acquired Crystal Springs Resort, a 1.400 acre property, purchased from the funding families who managed the resort since it opened in 1995, is located at 1 Wild Turkey Way, right on the borough’s border, about 80 km from Manhattan, is considered New York’s closest all - season resort and is near four major airports.
The resort is situated in a region known for Appalachian landscapes, historic small towns and geological formations. The area offers a rural setting near major metropolitan areas, with approximately 14 million people living within 80 km, 29 million within 160 km and 50 million within 320 km.
The property include two hotels and six championship golf courses, including Cascades, Crystal Springs, Wild Turkey and Ballyowen, which is consistently ranked as New Jersey’s top public golf course by Golfweek.
Crystal Springs Resorts features two dining venues, including Restaurant Latour, a Wine Spectator Grand Award recipient, and a wine cantine cellar.
Amenities at the resort include a 30.000 square - foot sports and fitness centre, nine indoor and a outdoor pools, the lavish Reflection Spa, a variety of outdoor activities, and the property also offers 100.000 square feet of meeting and event space.
The resort is well known to host the New Jersey Food and Wine Festival, which features famed Michelin Star chefs and renowned winemakers.
The acquisition is South Street Partners’ first property in New Jersey and in the New York metropolitan area. No financial terms of the transaction were disclosed.
Links
https://www.crystalgolfresort.com/?utm_source=GMB&utm_medium=organic
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