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1 Wild Turkey Way

Chris Randolph Of South Street Partners Acquires Crystal Springs Resort In Hamburg, NJ
SOLDHotel

Chris Randolph Of South Street Partners Acquires Crystal Springs Resort In Hamburg, NJ

1 Wild Turkey Way

Building Size

Asset Type

Hotel

Closing

Jun 10, 2026

AI

The asset involved in the transaction is a hotel located at 1 Wild Turkey Way, Hamburg, NJ. This property is part of the Crystal Springs Resort, which spans 1,400 acres and includes multiple hotels, six golf courses, extensive dining and event space, and leisure amenities. The resort's strategic location provides access to major Northeast population centers and is within an hour's drive from Manhattan.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: Not disclosed
  • Buyer: Chris Randolph
  • Buyer's Company: South Street Partners
  • Seller: Founding families of Crystal Springs Resort
  • Date of transaction: 06/10/2026
  • Market: Hamburg, NJ

Chris Randolph, representing South Street Partners, facilitated the acquisition of the resort from its founding families, marking a significant entry into the New York metropolitan market for the company.

Players

Chris Randolph

South Street Partners

Buyer

$148M

vol

2 deals

Buyer

Market Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93