Friday, January 16, 2015

Urgo Hotels Acquires Luxury Whiteface Lodge in Lake Placid, NY

  
Whiteface Lodge Resort, Lake Placid, NY


Kevin Urgo
BETHESDA, MD —Urgo Hotels & Resorts  announced that it purchased, for an undisclosed sum, the Whiteface Lodge Resort, a AAA four-diamond resort located in Lake Placid, N.Y.

Nestled on six million pristine acres of upstate New York national park on the shores of Lake Placid, the 94-suite Whiteface Lodge is a contemporary rendition of the 19th century heyday of legendary Adirondack resorts with wood beam construction, hand-made furnishings and a roster of amenities and activities suitable for the entire family. 

  The resort also includes 14 undeveloped acres including pristine lakefront property.

              “Having operated Whiteface Lodge for nearly three years, we were able to gain a complete understanding of the potential enterprise value of the White Face Lodge assets as a whole, including the operating business, the remaining for-sale real estate and undeveloped real estate," said Kevin Urgo, principal and managing partner of Urgo Hotels.
  
For a complete copy of the company’s news release, please contact:

Lauralee Dobbins
Media
(703) 435-6293


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