Albany Business Review: New Lake Placid hotel is latest investment for Clifton Park development company
10.24.2023
"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."