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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 | Building Size | 281,707 SF |
| Sale Condition | Redevelopment Project | No. Rooms | 276 |
| Property Type | Hospitality | No. Stories | 1 |
| Property Subtype | Hotel | Year Built | 1958 |
| Building Class | B | Parking Ratio | 0.43/1,000 SF |
| Lot Size | 136.00 AC | Corridor | Interior |
| Zoning | C2 | ||
| 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 | - |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 036899 | Improvements Assessment | $2,105,744 CAD |
| Land Assessment | $468,607 CAD | Total Assessment | $2,574,351 CAD |
Property Taxes
Parcel Number
036899
Land Assessment
$468,607 CAD
Improvements Assessment
$2,105,744 CAD
Total Assessment
$2,574,351 CAD
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Videos
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Cove Haven Resort | 194 Lakeview Dr
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