Business & Finance

HREC Arranges Sale of Chateau Resort & Conference Center Tannersville, Pennsylvania

DENVER, CO./ WASHINGTON, D.C./ BETHEL, CT. July 20, 2017 – HREC Investment Advisors is pleased to announce it arranged the sale of the 152-guestroom Chateau Resort & Conference Center located in Tannersville, Pennsylvania.

Ketan Patel and Mark von Dwingelo, both Senior Vice Presidents with HREC Investment Advisors’, exclusively represented the seller.

The Resort is situated in the Poconos Mountains, an ideal family vacation area in the northeastern U.S. offering endless recreational activities through all seasons. Many major metropolitan areas are located within an easy drive of the Resort including: Scranton and Allentown, PA, New York City and Philadelphia. In addition to the Resort’s facilities, the Chateau’s location offers a large number of activities for guests to participate in just steps from the Property. Camelback Mountain Resort, one of the top ski resorts in the state, is within walking distance of the Resort. This year-round destination offers incredible skiing, snow tubing, a mountain coaster, zip line, hiking and outdoor sports. The largest outdoor waterpark in the Poconos is also located at the base of Camelback Mountain. Camelbeach boasts over 37 water rides and attractions on 15-acres just steps from the Chateau Resort and Conference Center.

About HREC®: HREC® is the nation’s leading lodging and gaming real estate advisory firm specializing in property sales, mortgage brokerage, equity/JV structuring, consulting (market studies and appraisals), and litigation support. With offices throughout North America, HREC® is distinguished by unwavering commitment to client service and success through its team approach, intellectual capital and hotel/casino specialization.

For addition information on the property, please contact:
Ketan Patel
Senior Vice President

Mark von Dwingelo
Senior Vice President

Ashley Hunt
Director of Marketing

Coming Up In The November Online Hotel Business Review

Feature Focus
Architecture & Design: Authentic, Interactive and Immersive
If there is one dominant trend in the field of hotel architecture and design, it’s that travelers are demanding authentic, immersive and interactive experiences. This is especially true for Millennials but Baby Boomers are seeking out meaningful experiences as well. As a result, the development of immersive travel experiences - winery resorts, culinary resorts, resorts geared toward specific sports enthusiasts - will continue to expand. Another kind of immersive experience is an urban resort – one that provides all the elements you'd expect in a luxury resort, but urbanized. The urban resort hotel is designed as a staging area where the city itself provides all the amenities, and the hotel functions as a kind of sophisticated concierge service. Another trend is a re-thinking of the hotel lobby, which has evolved into an active social hub with flexible spaces for work and play, featuring cafe?s, bars, libraries, computer stations, game rooms, and more. The goal is to make this area as interactive as possible and to bring people together, making the space less of a traditional hotel lobby and more of a contemporary gathering place. This emphasis on the lobby has also had an associated effect on the size of hotel rooms – they are getting smaller. Since most activities are designed to take place in the lobby, there is less time spent in rooms which justifies their smaller design. Finally, the wellness and ecology movements are also having a major impact on design. The industry is actively adopting standards so that new structures are not only environmentally sustainable, but also promote optimum health and well- being for the travelers who will inhabit them. These are a few of the current trends in the fields of hotel architecture and design that will be examined in the November issue of the Hotel Business Review.