South Street Partners has acquired Crystal Springs Resort in Sussex County from the founding families that have owned and operated the property since its inception in 1995.

Terms of the transaction were not disclosed. The acquisition adds one of the Northeast’s largest resort destinations to South Street’s portfolio. It also marks the firm’s first property in the New York metropolitan area.

Crystal Springs spans approximately 1,400 acres across Hamburg, Hardyston, Vernon and Franklin. It sits about 50 miles from Manhattan.

The resort features two hotels, six championship golf courses, 10 dining venues including Restaurant Latour, a world-class wine cellar, and approximately 100,000 square feet of meeting and event space. Amenities also include a 30,000-square-foot sports and fitness center, nine indoor and outdoor pools, as well as spas and a range of outdoor recreation offerings.

South Street’s strategy

South Street said the acquisition aligns with its strategy of investing in destination resorts within driving distance of major metropolitan areas. The firm said roughly 14 million people live within 50 miles of the resort. Within 100 miles that figure jumps to 29 million, and 50 million within 200 miles.

“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.”

Crystal Springs is known as a four-season destination. The property hosts the annual New Jersey Food and Wine Festival, which attracts acclaimed chefs and winemakers from around the world. Additionally, the resort’s Restaurant Latour features a Wine Spectator Grand Award-winning wine cellar. The venue has held the publication’s highest honor since 2006.

Fore!

The property’s golf offerings are among its signature attractions, helping make it one of the premier destinations for the sport in the Northeast.

Its six courses include Ballyowen, which South Street noted Golfweek consistently ranks Ballyowen as New Jersey’s top public golf course. The resort also includes the Crystal Springs, Wild Turkey, Black Bear, Great Gorge and Minerals golf courses,

Beyond golf, Crystal Springs includes the AAA Four Diamond Grand Cascades Lodge and Minerals Resort & Spa. Both full-service spas rank among the best in New Jersey by Spas of America. The resort also boasts the distinctive Biosphere Pool Complex. The feature includes tropical foliage, an aquarium, waterslide and free-form pools designed to create a year-round resort experience.