The Property has obtained a number of completely distinctive entitlements together with the fitting to construct 62 bedrooms, essentially the most of any Property in Litchfield County and granted out of doors tented use, which competing hospitality choices could not. These rights make Wykeham a one-of-a-kind growth alternative.
CBRE Accommodations has been completely retained to solicit gives to amass the fee- easy curiosity within the 27-acre growth website situated at 101 Wykeham Street and 23 Bell Hill Street, Washington, CT 06793Â The Property is situated 80 miles north of New York Metropolis, overlooking the scenic rolling hills of Washington, Connecticut; the picture-perfect setting for a luxurious resort surrounded by tranquil New England consolation. Such a resort growth alternative is sort of unattainable to copy and took the present proprietor 10 years to finalize entitlements.
The Property is totally zoned, entitled, and accepted for a resort the place the previous Wykeham Rise College as soon as stood. The expansive campus grounds present a superbly peaceable and tranquil setting that’s secluded however extremely accessible. The Web site is at the moment programed as a 37-key, 52-bedroom resort that gives the modern, fashionable facilities, luxurious spa and stylish eating choices demanded by refined vacationers. The Property additionally comes with the unique choice to buy 23 Bell Hill Street, at the moment a four-bedroom residence, that can be utilized as an intimate personal residence for rental company in search of privateness and panoramic hilltop views to the north and west, or for supervisor / workers housing. Further facilities, reminiscent of a pool or a tennis court docket may also be added to the residence grounds. Since approvals have simply been granted and the mission continues to be within the design part, there’s ample room for design and programing modifications permitting for a wide range of lodging choices.
The Property is located in Litchfield County, Connecticut ideally situated lower than two hours from New York Metropolis and Boston. The peaceable, rural settingis a prime second residence and trip vacation spot within the northeast, akin to the Hamptons, Hudson Valley, and Berkshires. Different top-rated luxurious resorts Auberge Mayflower Inn & Spa and Winvian are close by. The county attracts many guests annually for world-renowned vintage retailers, top-rated boarding faculties, scenic setting, and historic New England ambiance. Close by, company will discover the huge acreage of the Steep Rock Nature Protect and the great thing about the Shepaug River. The protect is among the oldest within the state of Connecticut and seeks to guard the agricultural character of Washington. Climbing, fishing, biking, kayaking, chook watching, cross nation.
Funding Highlights
EXCLUSIVE LOCATION
Positioned lower than two hours from New York Metropolis and Boston, Litchfield County, Connecticut is extensively unspoiled nature, making a bucolic, peaceable ambiance which can’t be replicated. The Property is simply exterior the city of Washington, one of many highest-value second-home residential actual property markets north of New York Metropolis. The world attracts many guests annually for world- famend vintage retailers, scenic setting and historic New England Ambiance.
TOTALLY UNIQUE DEVELOPMENT RIGHTS GRANTED MAKING THIS A ONE-OF-A-KIND OPPORTUNITY
The Property has obtained a number of completely distinctive entitlements together with the fitting to construct 62 bedrooms, essentially the most of any Property in Litchfield County and granted out of doors tented use, which competing hospitality choices could not. These rights make Wykeham a one-of-a-kind growth alternative.
THE PROJECT IS NEAR SHOVEL READY
The Wykeham growth comes full with all of the extremely in depth and obligatory land-use entitlements, sparing years of funding idleness and minimizing time from planning to income technology. Preliminary plans have been totally vetted and accepted however will be modified inside a set of parameters permitting a developer to maneuver proper to closing building drawings and pull constructing permits. If desired, one might start building in a matter of some months.
MORATORIUM ON FUTURE LODGING DEVELOPMENT
Native rules have dictated that there will be no different inns or resorts in-built Washington County —except alongside a serious freeway—thus locking out any and all future competitors.
EXCELLENT HIGH-END LODGING MARKET
Regardless of its stature as one of many largest metropolitan markets on the earth, the NYC space is grossly underserved because it pertains to conveniently accessible resort locations. Wykeham solely has two direct rivals in-class throughout the complete area, each with few keys, very excessive charges, and scant bodily or authorized capability for growth. In 2021, they each reported charges properly in extra of $1,000 for the yr with in-season charges double or triple that degree.
UNIQUE BRANDING OPPORTUNITY
Developments of this high quality are uncommon and can seize the eye of many boutique, life-style and resort manufacturers. The unique location, large grounds and distinctive approvals present an distinctive alternative.
CORPORATE RETREATS
Rising from the COVID-19 pandemic, extra corporations are scheduling company retreats to permit coworkers to attach with their colleagues and take part in trainings in a relaxed setting. Corporations are taking a look at extra distant areas away from cities making Wykeham a wonderful host for company occasions.
SPA AND FITNESS FACILITY The ten,620 sq. foot vacation spot spa will likely be housed in its personal, impartial constructing on the property. The spa will function seven therapies rooms, separate males’s and ladies’s steam, sauna, and devoted lounges.
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