Who Wants to Buy Hidden Valley Ski Resort!?

Who Wants to Buy Hidden Valley Ski Resort!?

ALL

Who Wants to Buy Hidden Valley Ski Resort!?

By

0aa313f75ab43b954e1737d24f4c520b

Hidden Valley ski resort, located in Vernon, NJ, is going to the auction block on October 1st. The 37-year -old ski resort is located less than an hour’s drive from New York City and offers up four lifts, 12 runs, and 620-foot vertical drop (the second highest in New Jersey).

The resorts founder, Donald Begraft, sought $6.2 million for Hidden Valley back in 2007 in a sheriff’s auction. When no bidders stepped forward, he sold the ski area to HV Real Estate Holding for $3 million. That company still owns Hidden Valley but Begraft holds the property’s current mortgage.

f61ea946c06701cc1a7aa732feb498de

Auction Date: Tuesday, October 1st @ 11:00 AM

Terms & Conditions

  • Buyers Premium: Download Offering Memorandum
  • Closing: Download Offering Memorandum
  • Deposit Amount: Download Offering Memorandum
  • Broker Co-op: Download Offering Memorandum

“Established in 1976, Hidden Valley is a premier ski resort located on 140± acres in Vernon, NJ. The property has over 25,000±sf of improvements including a main lodge, rental and maintenance facilities, and much more. With a vertical drop of 620’ feet, the resort offers four (4) lifts, twelve (12) lighted trails and 100% snowmaking capabilities. All furniture, fixtures, equipment, trade names, goodwill and other rights as well as a bar/restaurant with liquor license is also being offered as part of the sale. Potential to re-establish the property as a year round resort by taking advantage of a number of improvements on the top of the mountain on the banks of a 10 acre spring fed lake. The property is less than an hour’s drive from Manhattan and has been catering to a steady clientele since it was founded. Final bid subject to court approval.” – auctionadvisors.com

db71b1b276ab7d3d139b170994001d9c

More Unofficial Networks