for sale - loopnet · savage river lodge, western maryland is located in the savage river forest....

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

[email protected]

Kent Gubler

cell (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



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



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


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



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


Innkeeper Home


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.


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)


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.


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.


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


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for sale - loopnet · savage river lodge, western maryland is located in the savage river forest....

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