- April 22, 2020
- Posted by: Waldon
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| Company Name | Hudson River Valley resorts, LLC |
|---|---|
| Contact Name | Richard Steele |
| Contact Email | Email hidden; Javascript is required. |
| Contact Phone | (413) 246-0919 |
| Opportunity Name | Fifth Lake Resort Community |
| Location of Business | Rosendale New York |
| When was the business started? | 2012 |
| What is the business most known for? | High end residential real estate |
| Who is/are owner/owners? | Longmeadow Capital, LLC |
| Why sell the business? | Not selling the business. Seeking additional capital to complete project and commence sales. |
| Are you looking to recapitalize the business by selling a majority stake to aggressively take the business to next level? | No |
| Who will remain on the ownership level? | Current Ownership to remain. Longmeadow Capital is largest owner. |
| Is the owner(s) planning to stay around? If so, what is their thinking? | Yes. Complete development and begin product sales. |
| What is the maturity level of the business? | Pre Revenue |
| EBITDA or Profit for same period | NA |
| Trailing 12 Month Revenue | NA |
| Trailing 12 Month EBITA | NA |
| Any significant debt on the business? | $4 million from existing investors (in additional to $30 million equity) |
| Why did the business start? | High end real estate within 2 hours of Manhattan |
| Why did the business start? | High end real estate within 2 hours of Manhattan |
| How did business get to where it is at? | Major capital investment from group |
| Aggregations or Organic growth? | Development |
| Any tailwinds or headwinds facing business/sector? | Hudson Valley Real Estate market is very strong, and in need of higher end property |
| Sector insights from owner and what the opportunity going forward with new owner might look like? | Investment would receive attractive financial returns, while risk has been greatly reduced |
| What is the unique story of business -- how is it different then their competition –what makes them better/worse? | Unique site, significant infrastructure investment, large market with limited inventory (high end) and within 2 hours of NYC market |
| Provide any additional notes, information or data that supports this opportunity | Presentation available |
| Date Created | June 14, 2023 |
| Date Updated | June 14, 2023 |