Saugerties, NY – Cushman & Wakefield announced today that the brokerage firm has arranged the sale of the Wyldwyck River Camp, a 122-acre fully entitled development site in Saugerties, New York.
A Cushman & Wakefield team consisting of Michael Gembecki, Alessandra Faglione and Austin Fabel represented the seller, Agawam Hospitality Group. The buyer in this transaction was HA Hudson Resort LLC.
“This 122-acre property with extradentary Hudson River frontage provided a very unique opportunity to invest in a largely untapped and niche market,” said Gembecki. “Situated in between two of America’s largest metropolitan cities and at the foot of the Catskill Mountains, this site is perfectly positioned to capitalize on a growing health and wellness trend through an upscale project and provide a green alternative to other saturated costal destinations.”
Wyldwyck River Camp is an approximately 122-acre property located in Saugerties, New York, at the foot of the Catskill Mountains. Equipped with over 1,400’ of river frontage on the western bank of the Hudson River, it is a fully entitled development site approved for the construction of a four-season experiential, boutique hotel focused on improving personal health and well-being. Upon completion, this property will feature trails, ponds and orchards, with many capabilities to secure additional revenue through event hosting, spa services, fitness offerings and farm-to-table restaurants.
Wyldwyck River Camp is within a two-hour drive from New York City and a three-hour drive from Boston. This property provides accessibility to a beautiful, historically-rich community and booming tourist region.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.