South Street Partners, a private equity real estate investment firm headquartered in Charlotte, North Carolina and Charleston, South Carolina, has acquired Crystal Springs Resort located in Sussex County, New Jersey from the founding families that have owned and operated the property since its inception in 1995.
Crystal Springs spans over 1,400 acres and is one of the Northeast’s most renowned all-season resorts. Two hotels, six championship golf courses, including Ballyowen which is continually ranked as the top public golf course in New Jersey by Golfweek, 10 dining venues including Wine Spectator’s Grand Award-Winning Restaurant Latour, a world-class wine cellar and 100,000 square-feet of meeting and event space are located across the property.
Resort guests and club members also enjoy a 30,000 square-foot sports and fitness center, nine indoor and outdoor pools and exciting outdoor activities within a landscape of breathtaking beauty. Located an hour from Manhattan, the property is the closest resort to New York City.
“Crystal Springs Resort is a remarkable asset that enhances our firm’s portfolio of properties,’ said Chris Randolph, Managing Partner at South Street Partners, “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 our first New York metropolitan area property in our portfolio.”
South Street Partners is one of the largest owners and operators of private residential club and resort communities in the United States – including Kiawah Island, Palmetto Bluff, The Cliffs, Barnsley Resort, The Beckwith-Crested Butte, The King and Prince Beach & Golf Resort, PGA National Resort, Sawgrass Marriott Golf Resort and Spa, Naples Grande, Residences at Salamander and The Arizona Biltmore.
