One of the biggest resorts in the Adirondacks is being sold to the Florida-based owner of more than 100 North American hotels and resorts.
Officials at a partner of Green Island Associates, the owner of The Sagamore on Lake George, say they have an agreement to sell the 350-room hotel to Ocean Properties, Ltd.
Details of the deal aren’t being released.
Ocean Properties officials will visit the hotel over the next few weeks to complete the sale.
The Sagamore is located on a 70-acre island off Bolton Landing. First built for wealthy travelers in the 1880s, the resort fell into disrepair until it was restored a century later by its current owners.
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Categories: Business
