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For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
LONG-STANDING PROFITABLE OPERATING RESULTSA Year Round Resort • Less than three hours from Pittsburgh, Washington, DC, and Baltimore
Savage River Lodge • 1600 Mt. Aetna Road, Frostburg, MD 21532 www.savageriverlodge.com
FOR
SaleSaleExclusive O� ering
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected] Gubler (301) 606-9402, [email protected] Young (240) 604-1882 [email protected] or Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
offered by
For additional information
Amy Young
cell (240) 604-1882
Kent Gubler
cell (301) 606-9402
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
Table of ContentsExecutive Summary
Investment Summary Condensed, provided with
Confi dentiality Agreement
Location Overview
Site Map
Development History
Facilities
Activities
Sustainability
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
Executive SummarySavage River Lodge, Western Maryland is located in the Savage River Forest. Is only a two hour car ride from Pittsburgh, PA, two and
a half hour trip from both Washington, DC and Baltimore, MD corridors, and less than 10 miles and 15 minutes from Interstate 68.
IMPROVEMENTS HIGHLIGHTS
45 private fee-simple acres surrounded by 750 acres of the Savage River State Forest.
15,000 square foot Main Lodge• Guest Service Reception• The Great Room, double-sided, two story
stone fireplace• Gourmet Restaurant & Full-Service Bar• Corporate Meeting Rooms• Walkout Deck Space• Gift Shop• Wine Cellar• Laundry Facilities• Additional Offices• Handicap accessible with a 3-story
Elevator• Backup Generator• Sprinkler System
8 Luxury Yurts• Pacific Yurts, completed in 2014• 30 feet in diameter• King Beds• Radiant Floor Heat• Gas Fireplaces• Luxurious Seating Area• Spacious Fully Plumbed Bathrooms• Yurts supported by a backup generator
18 Cabins• 800 square feet each with loft• Full Baths• Gas Fireplaces• Outdoor Decks
A 2,200 square foot property Management / Innkeeper private residence
• 3 bed / 2 bath• A Full-Size Commercial Kitchen• Two first floor bedrooms, a full bathroom,
pantry and wrap around deck, and jacuzzi• One Loft Master Suite w bedroom, bonus
room and large bathroom• Two Car garage • Laundry facility
Nordic Center• 80 sets of cross-country skis• 60 sets of snowshoes
Multi-purpose ancillary building• Operations maintenance• Recycling operations • Industrial laundry facilities• Storage for recreational vehicles• Maintenance department• Large parking lot
Sustainability• 325-panel solar system accounts for
65% of properties electricity• Electric car charging stations for
visitors’ electric cars• Tankless hot water heater in all of the
8 yurts and 6 cabins
14 miles of hiking and biking trails on the property and access to hundreds of other trails in Garrett County
Access to 4 world-class fly-fishing streams
The only Trout Unlimited endorsed lodge in the mid-Atlantic
Potential expansion of experiences including capital improvements for
• Innkeeper Home converted to rental property
• Construction of an on-site pond• Stocked with trout for fly fishing practice• Increase of current 325-panel solar
system• Potential Capital Improvements
for Property and Guest Experience Enhancements
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
Investment Summary – Offer Price $8.9M
Location• 100 miles from Pittsburgh• 160 miles from Washington, DC• 160 miles from Baltimore, MD• 6 miles from Interstate I-68
Buildings AreaMain Lodge 15,000 SF18 Cabins – 800 SF each 14,400 SF8 Luxury Yurts – 780 SF each 6,240 SFInnkeeper Home - 2,200 SFMulti-Purpose Ancillary Building 1,200 SF W Lean Too Storage 600 SFNordic Center 440 SF
Total 40,480 SF
Capital Improvements – Last 7 Years• Aggregate Capital Improvements 2015-2018 =
$1,548,000.
High-Speed Internet Tower
Mechanical/HVAC• Lodge – Buderus high effi ciency boilers installed 10/13
– back up generator• Cabins – Baseboard heat and gas fi replace, 13
units have in-line hot water heaters• Yurts – In-line hot water heater with radiant fl oor
heat and gas fi replace – back up generator• Residence – Force air heat installed 10/13. Backup
generator• Nordic Center – Propane heater and wood stove• Solar system 75 KW – installed 10/12
Fire/Life Safety• Lodge – Sprinkler system – new fi re pump installed
6/17. Fire alarm system, Fire extinguishers• Cabins – smoke detectors and fi re
extinguishers• Yurts – smoke detectors, carbon monox-
ide, and fi re extinguishers• Residence – Smoke detectors and fi re extinguishers
Main Lodge Elevator – 3 Story
Operating Expense Sources• Completed Audited 2016, 2017 and 2018 Profi t
and Loss Statements Available
Extensive Business/Family/Wedding/Special Events Group Booking
Operating Expense Sources• Completed Audited 2016, 2017 and 2018 Profi t
and Loss Statements Available
Future Opportunities• Innkeeper House converted to rental property• Addition of Innkeeper housing in available space,
lower level of Lodge• Construction of an on-site pond, stocked with
trout for fl y fi shing practice• Increase of current 325-panel solar system• Expansion of restaurant• Expansion of deck on side of Lodge
Annual Income / Expenses / NOI – details available upon execution of a Confi dentiality Agreement
2016 2017 2018
Gross Profi t $1,434,268 $1,398,508 $1,492,732
Total Expenses $1,193,531 $1,183,994 $1,128,721
Net Operating Income $ 240,737 $ 214,514 $ 364,011
Potential Revenue Enhancement in 2020 with conversion of Innkeeper House to Rental Property
Expansion of deck on side of Lodge
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
104 Miles
158 Miles
156 Miles
Pittsburgh
Baltimore
Washington
Distance to Savage River Lodge
Winchester, VA 81 miles
Pittsburgh, PA 104 miles
Washington, DC 156 miles
Baltimore, MD 158 miles
Charlestown, WV 214 miles
Cleveland, OH 231 miles
Columbus, OH 253 miles
Nearest Commercial Airports
Greater Cumberland Regional Airport (CBE) 22 miles
Hagerstown Regional Airport (HGR) 46 miles
Winchester Regional Airport (OKV) 87 miles
Pittsburgh International Airport (PIT) 104 miles
Washington-Dulles International Airport (IAD) 156 miles
Ronald Reagan Washington National Airport (DCA) 157 miles
Baltimore/Washington International Airport (BWI) 158 miles
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
Construction began in 1997 and in October of 1999 the fi rst cabin
guests arrived. The Savage River Lodge (“SRL”) is a true Year-Round
destination, the Lodge is a haven of recreation and eco-tourism. Directly
on the property, and close by, are numerous outdoor activities like
fl y fi shing, hiking on a 15 mile trail system that travels on the Lodge
property and the state forest, cross country skiing, snowshoeing,
kayaking, canoeing, white water rafting, biking, and many historical
attractions are near by.
The Lodge is also a meeting destination for many companies of all sizes
throughout North America wishing to retreat to nature and do various
types of individual, family events, and corporate planning. Throughout the
year SRL hosts numerous, mid-week retreats that incorporate fresh air
and fresh ideas.
While providing the high level of hospitality in a beautiful and natural
setting is the number one operating principal, close behind is the
sustainable practices. Making ecoconcious decisions and protecting
the precious resources are the foundations that are built upon.
Development HistorySavage River Lodge OVERVIEW
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
Innkeeper Home
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
FacilitiesThe Savage River Lodge’s 45 private acres are mainly
comprised of the main Lodge, 18 cabins, and
8 luxury yurts. The main Lodge is 15,000 square feet,
manufactured in 1997 by Hearthstone in Dandridge,
Tennessee. The Lodge includes guest services
reception, the great room complete with a double-
sided, two story stone fireplace, Savage River Lodge
restaurant and bar, corporate meeting room, gift shop,
wine cellar, laundry facilities, storage and additional
offices. The Lodge is handicapped accessible with
ramp access and a three-story elevator.
The ground level has walkout deck space, with a 1,200
square foot retail space, including a double-sided
fireplace. The management offices are also on the
ground floor with deck access. Ample storage space,
a laundry facility, mechanical room, a bathroom, and
wine cellar also take up the bottom floor. The second
and main floor is the Great Room which is where
guests spend time enjoying the two-story double-
sided stone fireplace, full bar, and full service gourmet
restaurant. The kitchen, server area, and guest
services offices also take up part of the space, as well
as two unisex bathrooms.
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
The top floor is used as a multi-purpose space from
everything to meeting rooms for overnight business
retreat, to private dinners, weddings, and even the
occasional yoga studio! The conference room has
four sets of double doors and walks out onto an upper
deck. The loft library and landing provide cozy spots to
read, dine, or play games. The third floor also has two
unisex restrooms. In addition to the indoor meeting
space, SRL can facilitate a wide-variety of team
building activities from way finding and orienteering to
cooking classes and wine tastings.
The Lodge is supported by a backup generator that
provides electricity to the critical components of the
building, and has a sprinkler system throughout. The
property’s water system is supported by four wells
and three independent water systems. There are four
sewage systems. The last system installed to support
the Yurts utilizes new technology required to keep the
Chesapeake Bay clean.
The 18 cabins are each 800 square feet. Each layout
is the same; with a sleeping loft with queen or king
bed, a sleeper sofa, gas fireplace and breakfast nook,
full bathroom, outdoor deck and a beverage center
with refrigerator, coffee maker and tea pot. 1 cabin is
handicap accessible. At the time of installation, the
cabins were not required to have a sprinkler system.
Facilities (continued)
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
In 2013 construction began of 8 luxury yurts and completed in 2014 and the first guests staying Memorial Day Weekend 2014. The yurts are 30 feet in diameter and include king beds, radiant floor heat, gas fireplace and luxurious seating area, spacious fully plumbed bathroom, two outdoor deck spaces and a beverage center with refrigerator, coffee maker and tea pot. Although spacious, the yurts sleep only two adults, otherwise, would require a sprinkler system. Yurts have a backup generator that provides electricity in the event of a power outage.
In addition to the Main Lodge and the overnight accommodations, there is a 2,500 square foot property management/inn keeping residence. The private house includes a full size, commercial kitchen, two first floor bedrooms and one loft master suite with a bedroom, bonus room and a large bathroom. The first floor also has a full bathroom, pantry, wrap around decking, and jacuzzi. The ground-level includes a two-car garage and laundry facility.
Right below the main Lodge is an Adirondack lean-to and Nordic Center. Opened in 2005, the Nordic Center houses 80 sets of cross country skis and 60 sets of snowshoes, along with a wood-burning stove. The open-floor plan can be used for a multitude of purposes. The final ancillary building includes a large parking lot and a multi-purpose facility for operations maintenance and on site laundry that was constructed in 2004. The garage center includes recycling operations, storage for recreational vehicles and maintenance department.
Facilities (continued)
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected] additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
ActivitiesFrom 14 miles of hiking trails on property to world-class access to four of the major Mid-Atlantic fl y fi shing streams, Savage River Lodge provides a myriad of opportunities for outdoor recreation.
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
Hiking
14 miles of hiking trails on Savage River Lodge property and
surrounding state forest, with hundreds of other trails in
Garrett County.
Biking
On the Great Allegheny Passage, C&O Canal Towpath, &
mountain biking trails. SRL offers shuttles and bike rentals to
help get your trip moving.
Cross Country Skiing & Snowshoeing
Offering xc ski and snowshoe rentals and lessons for the 20-
mile trail system.
Fly Fishing
Perfectly situated for full or half day trips to the Casselman
River, North Branch of the Potomac, Savage River and
Youghiogheny River with a certifi ed guide service available.
Kayaking / Whitewater Excursions
Available on the Youghiogheny and Savage
Rivers for full or half days.
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
Before “Green” was in, or the way to be, the SRL was doing
its part to preserve the world and the natural environment. The
Savage River Lodge is based on nature and encouraging the
guests to interact with the natural world in a responsible way.
From the initial building to the continued operation, being green
is a way of life.
Throughout construction, many of the interior and exterior
projects were made from scrap logs and building materials and
recycled wood from a nearby Amish lumber yard. The stones
and rocks dug up from construction were then used to make
pathways and walls throughout the property and leftover wood
destined for the landfi ll was repurposed as footbridges on the
numerous trails.
The 325-panel solar system went in April of 2011 and since then
has accounted for 65 percent of the Main Lodge’s electricity. The
system is also connected to an electric car charging station and
provides 100 percent of the charge to all electric cars that visit SLR.
Six of the 18 cabins and all 8 yurts are outfi tted with tankless
hot water heaters. The yurts also boast a wood frame from
Douglas Fir that comes from sustainability farmed forests and
radiant warmboard fl oor heating, which uses
heated water coils to keep the yurts
toasty through the winter.
Sustainability
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]
Offered by
For additional information, call Amy Young (240) 604-1882 [email protected] or Kent Gubler (301) 606-9402, [email protected]