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.
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