Denver, CO, February 23, 2024: HVS Asset Management & Advisory is pleased to announce that it has been selected as the Asset Manager of the 116-key The Lodge at Schroon Lake, located in Schroon Lake, New York.
The property is a 36-acre expansive lakeside resort on the west shore of Schroon Lake in the Adirondacks. Following a $21-million renovation and a grand reopening in July 2023, the resort features 116 units, including hotel rooms, standalone cabins and chalets, and upscale glamping sites. The outdoor areas embody the nostalgic spirit of a family-oriented summer camp with a wide variety of activities, including minigolf courses, pickleball courts, and hiking trails, plus an indoor pool and rooftop terrace. Private tours of the nine-mile-long lake in a classic wooden Chris-Craft boat are available. The hotel also includes 32 pet-friendly rooms.
“This is a very exciting project for a unique property, and we look forward to assisting ownership in maximizing results. We’re thrilled to have the opportunity to be part of the renewal of the hamlet of Schroon Lake as it ushers in a return to its heyday as a resort destination,” said Neil Flavin, Chief Operating Officer of HVS Asset Management and Advisory.
Julie Bonacio, Partner at The Lodge at Schroon Lake, LLC, added, “We felt the HVS team embodied the same vision and enthusiasm for our Adirondack historic gem of a resort as we did. We look forward to working with them and continuing to make memories for families and friends for generations to come, offering wonderful vacations, events, and dining experiences.”
About HVS Asset Management & Advisory
The Asset Management & Advisory division is a specialized group within HVS that provides asset management and consulting for any type and size of hospitality property so that it reaches its full operating potential. With a global footprint and over 40 offices nationwide, HVS’s hospitality intelligence and extensive expertise will help you achieve the results you want. HVS principals are regarded as the leading professionals in their respective regions of the globe. Through a worldwide network of 50 offices staffed by more than 300 experienced industry professionals, HVS provides an unparalleled range of complementary services for the hospitality industry. For further information regarding our expertise and details about our services, please visit hvs.com.