South Street Partners Acquires Its First Tri-State Resort in Western NJ

South Street Partners, a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC, acquired Crystal Springs Resort in Hamburg, Hardyston, Vernon and Franklin, NJ, from the founding families who have owned and operated the property since 1995. The price was not disclosed. Crystal Springs spans more than 1,400 acres in western New Jersey and is among the Northeast’s most renowned all-season resorts.

Included at the property are two luxury hotels; six renowned public golf courses; four-star Restaurant Latour; a Wine Spectator Grand Award-winning wine cellar; two full-service spas; Minerals Sports Club; and multiple indoor and outdoor pools. Reportedly it’s the New York Tri-State Region’s only all-seasons resort.

“Crystal Springs Resort is a remarkable asset that enhances our firm’s portfolio of properties,” said South Street managing partner Chris Randolph. The resort embodies our commitment to well-located, quality real estate, with a strong emphasis on exceptional staff, services, and amenities. We are excited to welcome this iconic resort as the first New York metropolitan area property in our portfolio.”