Albany Business Review: New Lake Placid hotel is latest investment for Clifton Park development company


"The 185-room Cambria Hotel is the newest to open in Lake Placid, a $35 million investment by a Clifton Park-based development company that isn't rushing to pursue its next commercial real estate deal.

The new $26 million financing package was led by Pioneer with four other participants in the deal: Rondout Savings Bank in the Catskills, Lee Bank in the Massachusetts, Catskill Hudson Bank and Atlantic Community Bankers Bank of Pennsylvania."

Read the full story from the Albany Business Review here.