 |
| 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
No comments:
Post a Comment