Lake Placid Lodge
Direct Investment • Asset Management
Lake Placid, NY
RHF originated a mezzanine construction loan on the property in 2007 and the borrower later transferred the hotel to RHF through a friendly deed-in-lieu transfer due to the economic downturn and construction cost overruns. RHF took over management of this unique property and implemented industry best practices to drive revenue and manage expenses. Operational improvements resulted in numerous awards and accolades for the property, and RHF sold the property for a 13% return in 2013.