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No deal - now what?

Mayor says potential buyers sought Hotel Saranac, but talks fell apart

July 21, 2012
By CHRIS KNIGHT - Senior Staff Writer (cknight@adirondackdailyenterprise.com) , Adirondack Daily Enterprise

SARANAC LAKE - Village Mayor Clyde Rabideau says he and other village staff have sent three potential buyers to the Hotel Saranac, all of whom were willing to spend "millions of dollars" to purchase and restore the hotel, but none of the buyers were able to come to terms with the hotel's current manager, Sewa Arora.

 
 

 

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