HEI Hotels & Resorts Adds 93-Room Saranac Waterfront Lodge to Portfolio of Third-Party Managed Hotels

New Management Repositions Luxury Resort as “Base Camp for Area Adventures”

Officials of HEI Hotels & Resorts, a leading hospitality investment and management company, today announced the addition of the 93-room Saranac Waterfront Lodge, bringing its portfolio of third-party managed hotels to 101.

“A beloved local destination, the Saranac Waterfront Lodge has a wonderful reputation we look forward to expanding upon with both locals and visitors,” said Rachel Moniz, Principal and Chief Operating Officer, HEI. “With an incredible location in the heart of the Adirondacks, one surrounded by natural beauty and wonders, the lodge truly is the ‘base camp for area adventures.’ Our goal is to ensure that the Saranac Waterfront Lodge becomes the place to be, whether it’s enjoying a special meal overlooking Lake Flower, hosting a business event in our LEED-certified conference center or simply warming up with a hot cocoa in-between visits to the famed Winter Carnival Ice Palace each February. We want to make The Lodge a true destination for all.”

Centered in the Tri-Lakes region between Lake Placid & Tupper Lake, the Saranac Waterfront Lodge is located directly on the shores of Lake Flower's Pontiac Bay, the center of major area events and just a short stroll from the downtown arts district of the Village of Saranac Lake. The hotel is minutes away from Lake Placid and Tupper Lake, one hour from Plattsburgh International Airport and two and a half hours from the Albany, Burlington and Montreal International airports. The Lodge features a 24-boat slip marina with public restaurant docking, indoor heated pool and hot tub area, outdoor fire-pit and fitness center. With direct lake access the resort also provides third-party boat rentals, as well as seasonal activities, amenities and packages. The resort hosts a locals’ night on Tuesdays and Thursdays featuring live music and has begun working with local food and beverage producers to create a more regionalized farm-to-table experience in the Boathouse restaurant.

Guests and other visitors may enjoy the Lodge’s lakeside views, approachable regional fare, specialty cocktails and weekly specials, ranging from “Locals’ Night” with 15% off F&B items to “Aw Shucks, It’s Wednesday” night oyster platters.

“The Saranac Waterfront Lodge is one of the best kept secrets in Adirondacks,” Moniz added. “As we work toward increasing occupancy, improving guest satisfaction scores and upgrading our fine dining experience, we will also create more career opportunities, a recipe we are confident will further benefit the local economy.”

ABOUT HEI HOTELS & RESORTS

HEI Hotels & Resorts, headquartered in Norwalk, Conn., is a leading hospitality investment and management company that owns or operates 100+ luxury, upper-upscale and upscale independent and branded hotels and resorts throughout the United States. HEI’s branding partners include Marriott, Hilton, Hyatt, IHG, Choice and Wyndham. The company is renowned for its commitment to its associates under the culture of HEI Loves, its revenue management, profit contribution and empirically based real estate value creation, driven by a full complement of proprietary software tools to set and exceed targets on a fully integrated basis. HEI works hand-in-hand with institutional capital partners on existing assets under management as well as sponsored acquisition opportunities. The company has ample equity capital and strategically co-invests with its partners on many transactions. To learn more about HEI, please visit www.heihotels.com.

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