Highest Price per Room was The Point at Saranac Lake

January 28, 2008 By:Courtney W. May

The PointMore than $18 billion in upscale and luxury lodging facilities changed hands in 2007, according to Stephen Hennis, Managing Director of Hospitium. A total of 279 properties were traded last year and The Point at Saranac Lake in upstate New York garnered the highest price per room in 2007 at more than $2.7 million per room. With only 11 rooms on the property - $2.7 million per room is a steal when you consider that it has received the Mobil 5 Star award and is a member of Relais and Chateaux. Nightly room rates (they start around $1400 per night) are all-inclusive for two people, with carte blanche use of sports equipment and facilities, as well as three meals, afternoon tea, unlimited wine, liquor, and liqueurs from help-yourself bars open 24 hours a day. In the heart of the Adirondacks - on the shore of Upper Saranac Lake, The Point can be reached in six hours from Manhattan and three hours from Albany, New York. The hotel has a "Great Camp" motif with no phones and no televisions - definitely geared for people to get away.

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