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Investment Highlights

  • Redevelopment - Offered well below replacement cost, 136 acres to redevelop or upgrade existing facilities to modernize and capture new business
  • Location - ???????Great Poconos destination location, high barrier-to-entry
  • Branding Opportunity - Multiple major branding options for resorts to include outdoor concepts

Executive Summary

Cove Haven Resort‘s proximity to Interstate 84 and the Delaware River enables the Property to capture demand from all of the New Jersey / New York / Pennsylvania Metropolitan markets. The Property has shoreline access to Lake Wallenpaupack, Pennsylvania’s largest manmade lake. The lake is 13.5 miles long with 52 miles of shoreline. There are six recreation areas featuring hundreds of acres of forest lands, wildlife, walking trails, campsites and boat slips. Since 1985, the amount of boat slips on Lake Wallenpaupack has increased 250 percent, with demand outpacing supply. The Property offers 246 guestrooms, in six different suite designs, with varying unique in-room amenities which include dry saunas, massage tables, log burning fireplaces, private indoor heated pools, heart shaped whirlpools, and private balconies.

Property Facts

Sale Type Investment
Sale Condition Redevelopment Project
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 136.00 AC
Building Size 281,707 SF
No. Rooms 276
No. Stories 1
Year Built 1958
Parking Ratio 0.43/1,000 SF
Corridor Interior
Zoning C2

Amenities

  • Fitness Center
  • Pool
  • Restaurant
  • Room Service
  • Spa
  • On-Site Retail
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Meeting Event Space
  • Tennis
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 276 $417.75 CAD -
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100

Property Taxes

Property Taxes

Parcel Number
036899
Land Assessment
$468,607 CAD
Improvements Assessment
$2,105,744 CAD
Total Assessment
$2,574,351 CAD
  • Listing ID: 40898542

  • Date on Market: 2026-06-12

  • Last Updated:

  • Address: 194 Lakeview Dr, Lakeville, PA 18438

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