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Skamania Lodge Expansion Aims for July Opening

STEVENSON, WA-After spending $42 million to purchase the Southwest Washington resort in February of 2001, its new owners are deep into a $15-million expansion that will add 59 guest rooms and 15,000 sf of meeting space to the 195-room resort.

By Janet Parker | Updated on February 26, 2002

STEVENSON, WA- In February of 2001, Dolce International of Monvale, NJ and DLJ Real Estate Capital Partners LP of New York paid Lend Lease Investments $42 million for the Skamania Lodge. About a month later, the hotel market started to fall backwards, and then Sept. 11 gave it another big push toward the ground.

Despite that, the investment group is in the midst of spending $15-million, 30% expansion that will give the southwest Washington resort a total of 254 guest rooms and 35,000 sf of event space. Ken Daugherty, general manager of the Southwest Washington resort, tells GlobeSt.com the nature of the property as a drive-to destination is coming in handy in the current market.

Andy Olson, president of the Chambers Group, a Seattle-based consultancy specializing in the hotel industry, agrees with him. “The larger, upscale hotels in the major markets like Seattle have experienced more difficulty than the smaller drive-to markets,” Olson tells GlobeSt.com.

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