Emerson Hospitality acquires and redevelops Black Creek Barns in Hudson Valley

ESOPUS, NY – Emerson Hospitality has announced the acquisition and redevelopment of Black Creek Barns, a historic 153-acre estate in Esopus, New York, into a 70-room destination resort scheduled to open in late 2027.

Located in the Hudson Valley, approximately 90 miles north of New York City, Black Creek Barns is situated near the Poughkeepsie Amtrak station and adjacent to the John Burroughs Black Creek Trail, a protected 2,000-acre natural area. The property was formerly an agricultural complex owned by Colonel Oliver Hazard Payne and originally designed by Julian Burroughs.

The redevelopment plans include the restoration of six historic structures alongside the construction of new cabins and suites, creating a total of 70 luxury accommodations. The resort will combine adaptive reuse with contemporary design and experience-led programming.

Planned amenities include a 7,000-square-foot indoor event hall designed for weddings, festivals, concerts, and corporate retreats, as well as a 9,000-square-foot craft and design center. Two dining venues are also planned, comprising an all-day casual café and a classic American tavern.

Additional facilities will include a greenhouse-inspired wellness center with a gym, saunas, steam room, and plunge pools, an outdoor cliffside pool, retail and exhibition spaces, and extensive walking trails across the estate.

The resort will also feature family- and pet-friendly amenities such as firepits, a children’s ramble area, and a designated dog run.

“Black Creek Barns is a once-in-a-generation opportunity to create a destination shaped by history, landscape and community,” said Jordan Goldberg, Principal and CEO of Emerson Hospitality. “It is a privilege to work with the Town of Esopus to reimagine this historic campus as a resort and gathering place that combines craft, nature, wellness, and hospitality in a completely new way for the Hudson Valley.”

The project is supported by a $38 million financing structure arranged by IPA Capital Markets. This includes a $19 million construction loan from The LCP Group and a $19 million C-PACE facility provided by Imperial Ridge Real Estate Capital and PACE Loan Group.

“Jordan and the Emerson team have the vision and expertise to create something truly special,” said Mark Boyer, CEO of Imperial Ridge. “Black Creek Barns will deliver a best-in-class experience and become a remarkable asset to the Hudson Valley.”

“Black Creek Barns demonstrates the versatility of C-PACE financing,” said Rafi Golberstein, CEO and Founder of PACE Loan Group. “By partnering alongside The LCP Group and a strong sponsor, we were able to support both the construction and rehabilitation of this historic property.”

“Emerson Hospitality has a transformative vision for this estate, and our role was to structure a capital stack that made it achievable,” said Jordan Ray, Executive Managing Director, Capital Markets at IPA. “C-PACE financing provided the flexibility to lower the cost of capital while securing terms aligned with the project’s long-term success, and LCP delivered flexible senior capital to complete the financing.”

“Adaptive reuse and a hotel project of this nature require experienced sponsorship and a lender that is comfortable underwriting the operational complexity,” said Francis Lively, CEO of The LCP Group. “Emerson has a clear vision and the operating depth to execute it, and we were pleased to provide construction financing structured to support both the asset’s heritage and its evolution into a best-in-class asset.”

C-PACE financing will fund high-efficiency building systems and sustainability upgrades, including ENERGY STAR windows, LED lighting, advanced HVAC and water systems, high-efficiency kitchen equipment, and energy-efficient pool and spa systems. Prefabricated cabins will support a low-impact development approach.

With more than 20 million annual visitors to the Hudson Valley and tourism spending exceeding $1 billion in Ulster County, the project responds to growing demand for luxury accommodations, which currently represent less than 5% of the area’s hotel room inventory.

Construction is underway, with the opening of Black Creek Barns scheduled for late 2027.

The article Emerson Hospitality acquires and redevelops Black Creek Barns in Hudson Valley first appeared in TravelDailyNews International.

The post Emerson Hospitality acquires and redevelops Black Creek Barns in Hudson Valley appeared first on Travel Daily News