PLASENCIA NEGOTIATES SALE OF $88 MILLION RESORT

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BOLTON LANDING, N.Y. — The Plasencia Group (TPG) has negotiated the sale of the historic Sagamore Resort, located in Bolton Landing, for approximately $88 million. Constructed in 1883 on the shores of Lake George, Sagamore Resort is a 70-acre resort that features a hotel, condominiums, an 18-hole golf course designed by Donald Ross, conference facilities, a marina, a sailing school, a spa, and multiple food and beverage outlets. Stephen Kindl of TPG’s Capital Markets Group represented the seller, Green Island Associates. The property was purchased by Sagbolt LLC, an affiliate of Ocean Properties Limited Hotels & Resorts.

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