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.
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