Urgo Hotels Adds Luxury Lake Placid Resort to Managed Portfolio
March 15 2012 - 10:17AM
Business Wire
Urgo Hotels, a major operator, developer and owner of upscale
and luxury hotels, today announced that it signed a long-term
management agreement and now operates the Whiteface Lodge Resort
and Homeowner’s Association, a AAA four-diamond resort located in
Lake Placid, N.Y. The resort brings to more than 30 hotels operated
or owned by Urgo Hotels.
“Whiteface Lodge is a very special, award-winning resort that
recreates a 21st century update to the great lodges of the
Adirondacks,” said Kevin Urgo, principal and chief development and
finance officer of Urgo Hotels. “We are particularly well-suited
for this assignment because one of our key strengths is managing
complex, one-of-a-kind resort properties and operating them to
achieve their full market potential. We look forward to working
closely with the resort owner and the Homeowners Association Board
to capitalize on Whiteface Lodge’s legacy of providing an authentic
experience, renowned service and superior facilities and
amenities.”
Whiteface Lodge Resort offers 94 one-to-four bedroom suites
along with a private residence club. The property features a 5,800
square-foot spa with six treatment rooms and a fully-equipped
fitness center. The resort is ranked among the top US spa hotels by
Conde Nast Traveller and also has been recognized for excellence by
Travel+Leisure and Wine Spectator. Trip Advisor and Conde Nast
readers also recommend the resort, which includes an indoor/outdoor
swimming pool, an ice skating rink, 54-seat movie theater, bowling
lanes, tennis courts, snowshoe/cross country trails and a private
beach and canoe club. The resort complex also has fractional and
full-ownership units.
“We believe there is a great opportunity for continuous
improvement at the Whiteface Lodge,” said Serge Primeau, Urgo’s
vice president of operations. “We are committed to maintaining and
enhancing the level of service while improving top-line performance
and financial results. We also are sensitive to the partnership
with the fractional unit owners and have already started putting
together programs that will enhance communications and make the
Whiteface Lodge a memorable place to enjoy with their
families.”
The resort is enhanced by fine dining at Kanu, summertime
alfresco dining, and cognac and cigar lean-tos built in the style
of Adirondack hunting lodges, with luxury features including a
drink menu that received the Wine Spectator award of excellence, a
selection of 25 single malt scotches and hand-rolled cigars.
“In the past two years, we’ve added 14 hotels to our portfolio,
and nearly half of them are resort projects with numerous
constituencies to serve and complex nuances that require experience
and judicious handling,” Urgo said. “In some cases, we’ve
undertaken major renovations, while other hotels simply need the
correct vision and an adjusted focus. Regardless of the hotel’s
specific needs, we have a proven nearly 30-year management and
ownership track record of great success to help them position for
prosperity.”
About Urgo Hotels
Urgo Hotels is a Bethesda, Md.-based hotel company that
develops, owns and/or operates 31 distinctive and unique hotels and
resorts with an aggregate of more than 4,300 rooms in major markets
and resorts in Canada, the Caribbean and the United States. The
company develops, builds, and operates for its own account, as well
as provides third-party management and asset management services.
Additional information about the company may be found at
www.urgohotels.com.