148-ROOM HOTEL TRADES HANDS FOR $12.5 MILLION

by admin

BIG BEAR LAKE, CALIF. — McSam Hotel Group has acquired Northwoods Resort and Conference Center, a 148-room hotel located at 40650 Village Dr. in Big Bear Lake, for $12.5 million. Built in 1995, the four-story hotel features Stillwells Restaurant and Lounge, a gift shop, a pool, a whirlpool, a sauna, an exercise room and an outdoor amphitheatre. Scott Clawson of Marcus & Millichap’s Chicago office, along with Michael Goldstein of Packard Hospitality, represented the buyer; Robert Brauchli and Jigar Patel of Marcus & Millichap’s San Diego office represented the seller, WWW Asset One Corp., in the transaction.

You may also like