The Stoweflake Mountain Resort & Spa was named Single Transaction of the Year (US$25M & Under) 2021 at the Americas Lodging Investment Summit (ALIS) in Los Angeles, CA. Winners were announced on Jan. 25, 2022, during the three-day conference.
Ken Libby of Stowe Area Realty Group at KW Vermont-Stowe - now Hickey & Foster Real Estate - represented the seller.
The ALIS awards honor the hotels, companies and executives responsible for the most influential hotel industry deals. Nominees were evaluated based on outstanding business performance in various industry sectors.
The ALIS Single Asset Transaction of the Year Award recognizes a hotel or resort in which more than a 50 percent ownership stake has been acquired (transaction closed) in the Americas between Jan. 1 and Dec. 31, 2021.
The Stoweflake Resort and Spa was purchased for approximately $13 million by MCR Hotels, a hotel management company. The sale was finalized on Dec. 23, 2021.
Finalists in this category also included the Allegria Hotel & Spa in Long Beach, NY, and the Ocean Crest Resort in Moclips, WA.
Congrats to Ken Libby, the entire team and everyone who made this amazing real estate sale possible! See all the winners here.