South Street Partners Expands Its Multi-Billion Dollar Portfolio with the Acquisition of Crystal Springs Resort, nestled alongside the Appalachian Mountains in Sussex County, New Jersey

New York's closest all-season resort spans approximately 1,400 acres and is only 50 miles from Manhattan

HAMBURG, N.J., June 9, 2026 /PRNewswire/ -- South Street Partners ("South Street"), a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC acquired Crystal Springs Resort ("Crystal Springs", the "Property" or the "Resort")  located in Sussex County, New Jersey from the founding  families that have owned and operated the Property since its inception in 1995. The acquisition is a perfect complement to South Street's existing hospitality portfolio of exceptional assets located in high-growth, drive-to destinations proximate to large metropolitan areas.

Deal terms and rationale

Why it matters

For industry operators, this is another data point in the structural change reshaping the hospitality sector. Watch for follow-on moves from competitors and reactions from key channel partners in the coming quarters.

New York's closest all-season resort spans approximately 1,400 acres and is only 50 miles from Manhattan

HAMBURG, N.J., June 9, 2026 /PRNewswire/ -- South Street Partners ("South Street"), a private equity real estate investment firm headquartered in Charlotte, NC and Charleston, SC acquired Crystal Springs Resort ("Crystal Springs", the "Property" or the "Resort")  located in Sussex County, New Jersey from the founding  families that have owned and operated the Property since its inception in 1995. The acquisition is a perfect complement to South Street's existing hospitality portfolio of exceptional assets located in high-growth, drive-to destinations proximate to large metropolitan areas.

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Written by Michael Politz, Author of Guide to Restaurant Success: The Proven Process for Starting Any Restaurant Business From Scratch to Success (ISBN: 978-1-119-66896-1), Founder of Food & Beverage Magazine, the leading online magazine and resource in the industry. Designer of the Bluetooth logo and recognized in Entrepreneur Magazine's "Top 40 Under 40" for founding American Wholesale Floral, Politz is also the Co-founder of the Proof Awards and the CPG Awards and a partner in numerous consumer brands across the food and beverage sector.