A FOUR-SEASON TOURIST DESTINATION FOR SALE $1,699,000turningpointcommercial.com/Marketing_Brochures/... · 5. Return of Confidential Information. At any time upon the request of a

FOR SALE $1,699,000

LAKESTAR LODGE AT DEEP CREEK LAKE

TURNING POINT REAL ESTATE

8923 FINGERBOARD ROAD | FREDERICK, MD 21704

301 831 8232 PHONE 301 831 8993 FAX

2001 Deep Creek Drive, McHenry, Maryland 21541

A FOUR-SEASON TOURIST DESTINATION

LakeStar Lodge is the Best Remaining Lakefront Hotel Property on Deep Creek Lake Today

340 Feet of Shoreline on Deep Creek Lake with 20 Boat Docks with Permits & Leasing Rights – Fully Leased During the Season

20 Fully-Equipped Lake Front Guest Rooms

and a Three-Bedroom Vacation Cottage

Outstanding Views and Great Proximity to

all the Best Amenities at Deep Creek Lake

Turnkey Hotel Business is Fully Staffed with Operating Personnel

On-going Stream of NEW Customers

providing GREAT Cash Flow

FOR ADDITIONAL INFORMATION CONTACT:

Joe Anselmo, Co-Owner & CEO 240 436 6050 | [email protected]

Information is believed to be accurate, but should not be relied upon without verification.

T U R N I N G P O I N T C O M M E R C I A L . C O M

FOR SALE $1,699,000


LAKESTAR LODGE AT DEEP CREEK LAKE A FOUR-SEASON TOURIST DESTINATION



301 831 8232 PHONE 301 831 8993 FAX





This Four-Season Tourist Destination in Garret County Maryland

comes complete with 340 feet of shoreline on Deep Creek Lake

with Spectacular Views of the Lake and Wisp Ski Slopes from Every

Room. Accommodations include 20 Fully-Equipped Lake Front

Guest Rooms, many with a real wood burning fireplace, and One

Three-Bedroom Condo, which could function as Owner's Suite. The

Price also includes Twenty Boat Docks with permits and leasing

rights – which are fully leased during the season.

This Turnkey Hotel business is fully staffed with operating personnel

in a growth phase and has an on-going stream of new customers,

which provides GREAT cash flow. LakeStar Lodge also has ongoing

business relationships with Black Bear Tavern and Deep Creek Lake

Boat Rentals.

F A N T A S T I C O P P OR T U NI T Y I N DE E P C R EE K L A KE

FOR SALE $1,699,000



LAKESTAR LODGE AT DEEP CREEK LAKE A FOUR-SEASON TOURIST DESTINATION




301 831 8232 PHONE 301 831 8993 FAX



Turning Point Real Estate provides a broad

range of Real Estate Solutions which include

Commercial Real Estate, Property Management,

Investment, Development, Construction Services

and Residential Real Estate.

We are based out of Historic Frederick County

Maryland, the northern anchor of the I-270

Technology Corridor less than an hour from

Washington, D.C. and Baltimore, MD and in close

proximity to Northern Virginia. Turning Point Real

Estate serves the Greater Baltimore and

Washington Metropolitan Real Estate Markets

which include the District of Columbia, Maryland,

Pennsylvania, Virginia, and West Virginia.

BUSINESS FINANCIAL INFORMATION

IF YOU WOULD LIKE TO RECEIVE MORE DETAILS INCLUDING ADDRESS

& FINANCIAL DATA, A CONFIDENTIALITY AGREEMENT MUST BE

COMPLETED, PLEASE CONTACT ARIC RUDDEN FOR MORE DETAILS.

MUTUAL NON-DISCLOSURE AND NON-CIRCUMVENT AGREEMENT This Non-Disclosure and Non-Circumvent Agreement (the “Agreement”) is made by and between ___________________________________, its clients, and any affiliated or related entities (together “Purchaser”) and ___________________________________ the Seller (the “Seller”) (together “the Parties”).

WHEREAS, in connection with the Parties’ possible interest in participating in a possible sale of a property(ies), business, business partnership and/or contemplated business transaction(s), both Parties will have access to certain confidential information which has been prepared by the Parties at significant expense and effort; and

WHEREAS, the Parties and all affiliated or related parties, agree not to circumvent each other with respect to any possible sale, business partnership and/or contemplated business transaction(s) or confidential information used by each other in any manner which might be construed by each other to be competitive with each other’s existing or projected business operations; and

WHEREAS, the Parties hereto desire to exchange such information pursuant to the terms set forth herein.

NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the parties, intending to be legally bound, hereby agree as follows:

1. Receiving and Disclosing Parties. A party that receives Confidential Information within the meaning of this Agreement is referred to herein as a “Receiving Party”. A party that discloses Confidential Information within the meaning of this Agreement is referred to herein as a “Disclosing Party”. For purposes of this Agreement, the terms “Receiving Party” and “Disclosing Party” include their respective subsidiaries, affiliates, agents, engineers, capital sources and employees.

2. Confidential Information. As used herein, “Confidential Information” means any and all information that the Disclosing Party or its agents disclose or deliver to a Receiving Party and any materials which incorporate or are derived from any such information, other than information (i) which is publicly available at the time of delivery, (ii) which is publicly disclosed thereafter by the Disclosing Party (unless such disclosure was in violation of this Agreement), (iii) which is received by the Receiving Party in good faith from a third party who, to the Receiving Party’s knowledge, is not under an obligation of confidentiality to the Disclosing Party with respect to such information, or (iv) which is independently discovered or developed by the Receiving Party without reference to any information or material which the Disclosing Party or its agents deliver to the Receiving Party.

3. Confidentiality. Each Receiving Party will keep confidential and will not disclose any of the Confidential Information of a Disclosing Party to any person, entity or other organization, except (i) as required by law (in which case, prior to such disclosure the Receiving Party will give the Disclosing Party notice and an opportunity to obtain a protective order against such disclosure) or (ii) to persons employed by the Receiving Party, its legal, financial and accounting advisors to the extent they need to know such Confidential Information for the purpose of evaluating the possible business partnership and/or contemplated business transaction(s) between the parties to this Agreement. Each Receiving Party agrees to take such action to the extent necessary to prevent any disclosure or non-permitted use of the Confidential Information by any such persons or entities. The Receiving Party further represents that the Confidential Information will not be used in any manner, nor will the Receiving Party permit the Confidential Information to be used in any manner, that is detrimental to the business or the prospects of the Disclosing Party, including as part of any litigation, arbitration or mediation involving the Disclosing Party and the Receiving Party. The Receiving Party also undertakes not to make use of any third party in an attempt to avoid the restrictions and intent of this provision.

4. No Confidential Information Rights. Each Receiving Party will not, by the Disclosing Party’s disclosure to the Receiving Party or the Receiving Party’s use of the Confidential Information of the Disclosing Party, acquire any rights, of ownership, licensing or otherwise, with respect thereto, all of which rights shall, as between the parties, remain exclusively with the Disclosing Party. Nothing in this Agreement shall obligate the Disclosing Party or the Receiving Party in any manner with respect to the consummation of any possible business partnership and/or business transaction(s) contemplated between the parties.

5. Return of Confidential Information. At any time upon the request of a Disclosing Party, all Confidential Information of the Disclosing Party (and all copies, summaries and notes of the contents or parts thereof, in whatever form or embodiment) shall be returned to the Disclosing Party or destroyed, and shall not be retained by the Receiving Party in any form for any reason,

8923 A FINGERBOARD ROAD ▪ FREDERICK, MARYLAND 21704 ▪ tel 301 831 8232 ▪ fax 301 831 8993

MUTUAL NON-DISCLOSURE AND NON-CIRCUMVENT AGREEMENT (CON’T)

and all materials prepared by the Receiving Party or its advisors which incorporate or are derived from any of the Confidential Information of the Disclosing Party shall be destroyed. If the Confidential Information is destroyed rather than returned, the Receiving Party shall provide the Disclosing Party a written certification of the destruction of the Confidential Information.

6. No Representations or Warranties. Each Receiving Party understands that the Disclosing Party makes no representation or warranty as to the accuracy or completeness of the Confidential Information. Each Disclosing Party shall have no liability to the Receiving Party resulting from the use of the Confidential Information by the Receiving Party. Notwithstanding the foregoing, each Party shall be obligated to provide accurate and complete information consistent with any possible business partnership and/or contemplated business transaction(s) by and between the Parties.

7. Injunctive Relief; No Waivers. Without limiting any other available remedies, each Disclosing Party shall be entitled to seek an injunction and other equitable relief in the event of any failure by the Receiving Party to comply with the provisions of this Agreement with respect to the Confidential Information of the Disclosing Party. No failure or delay by a Disclosing Party in exercising any right, power or privilege hereunder shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise of any right, power or privilege.

8. Exclusive Dealing/Non-Circumvent. The Parties agree and acknowledge that each Party has expended a substantial amount of time and costs to develop the confidential information relating to regarding the possible business partnership and/or contemplated business transaction(s). Accordingly, during the term of this Agreement and for a period of two years after the term of this Agreement, without both Parties’ prior written approval, the Parties may not enter into any agreement, discussion, or negotiation with, or provide information to, or solicit, encourage, entertain, or consider any inquiries or proposals from, any other corporation, firm or other person with respect to the possible business partnership and/or contemplated business transaction(s). In the event that either Party breaches this provision, and in addition to any other remedies to which the circumvented Party may otherwise be entitled, the circumvented Party shall be entitled to monetary compensation equal to any fees and/or other compensation earned by the Undersigned on the consummation of the possible business partnership and/or contemplated business transaction(s). The fees and/or other compensation set forth in this Paragraph 8 shall be paid within two (2) days of any demand for payment thereof by the circumvented Party.

9. Other Obligations. Each Receiving Party will be responsible for the adherence to the terms of this Agreement by its employees, agents and any other persons to whom it discloses the Information pursuant to Paragraph 3 above. All communications regarding the matters set forth herein will be submitted or directed solely to the other party.

10. Entire Agreement. This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements and understandings, whether written or oral, relating to the subject matter of this Agreement.

11. Governing Law; Venue. This Agreement shall be governed by the laws of the State of Maryland, without regard to conflict of laws principles. Any action or proceeding based upon any claim, dispute or difference arising hereunder may be brought only in the legal courts of the State of Maryland. Each of the parties hereto submit to the jurisdiction of such courts with respect to any such action or proceeding and irrevocably and unconditionally waives, to the fullest extent permitted by law, any objection which it may now or hereafter have to the venue, or the convenience of the forum, with respect to any such action or proceeding brought in any of such courts. In the event that either party shall bring any action to enforce or protect any of its rights under this Agreement, the prevailing party shall be entitled to recover, in addition to its damages, its reasonable attorneys’ fees and costs incurred in connection therewith.

12. Assignment; Benefit. The Undersigned may not assign or transfer this Agreement or its obligations under this Agreement without first obtaining the prior written consent of both Parties. This Agreement is intended to benefit and shall be binding on the parties hereto and their respective successors and permitted assigns.

13. Term: This Agreement will terminate two years from the execution of this Agreement.

14. Acknowledgements: All Parties to this agreement acknowledge that Turning Point Real Estate is the Broker negotiating the sale between the Parties. Turning Point Real Estate does not make any representations or warranties as to the accuracy or completeness on the information provide from one party to the other. Further, all parties shall indemnify and hold harmless Turning Point Real Estate against any and all claims, damages, losses, liability or expenses, including attorneys fees that may result from a breach of this agreement by any other party to this agreement.


MUTUAL NON-DISCLOSURE AND NON-CIRCUMVENT AGREEMENT (CON’T)

ACCEPTED AND AGREED TO BY: TURNING POINT REAL ESTATE, Authorized Representative By: _____________________________ Date: _______ Print Name: __________________________________ The Undersigned: By: ___________________________ Date: ____________ Print Name: _____________________________________ Title: ___________________________________________ Company: _______________________________________ Address: ________________________________________ City: __________________ State: _______ Zip: _________ Telephone: _________________ Fax: _________________ E-Mail: __________________________________________


The Undersigned: By: ___________________________ Date: ____________ Print Name: _____________________________________ Title: ___________________________________________ Company: _______________________________________ Address: ________________________________________ City: __________________ State: _______ Zip: _________ Telephone: _________________ Fax: _________________ E-Mail: __________________________________________

Documents

A FOUR-SEASON TOURIST DESTINATION FOR SALE $1,699,000turningpointcommercial.com/Marketing_Brochures/... · 5. Return of Confidential Information. At any time upon the request of a