Cove Haven Resort
136 acres | Poconos Submarket
Marketing description
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.
For more info, please visit https://www.zaverhotels.com/current-listings
Investment highlights
Redevelopment: Offered well below replacement cost, 136 acres to redevelop or upgrade existing facilities to modernize and capture new business
Branding Opportunity: Multiple major branding options for resorts to include outdoor concepts
Location: Great Poconos destination, high barrier-to-entry
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