South Street Partners has acquired Crystal Springs Resort, a 1,400-acre destination resort in Sussex County, N.J., from the founding families that have owned and operated the property since 1995.
The acquisition expands South Street’s hospitality portfolio with its first property in the New York metropolitan area and aligns with the firm’s strategy of investing in high-growth, drive-to destinations near major population centers.
Crystal Springs Resort is a four-season resort destination in the Northeast. Located approximately one hour from Manhattan and within reach of four major airports, the property features two hotels, six golf courses, 10 dining venues, a wine cellar and more than 100,000 square feet of meeting and event space. Amenities also include a 30,000-square-foot sports and fitness center, indoor and outdoor pools, and a wide range of outdoor recreation offerings.