LAKE COUNTY, CA-A San Francisco developer plans to purchase and renovate a premier resort property in the Kelseyville area about 70 miles north of Santa Rosa, and that plan is now closer to reality.
In September, Resort Equities submitted a proposal to local officials to redevelop and reopen the 68-acre Konocti Harbor Resort and Spa, which closed in November 2009. Resort Equities president Grant Sedgwick recently told the Lake County News that the firm has signed a purchase agreement and that the sale could close by the middle of December. He also noted the county officials are working cooperatively with the firm so that the proposal can be presented to the county planning commission in early December.
The developer has said it expects to spend $50 million to $70 million to renovate the deteriorated property. Some of the older buildings would be demolished and replaced and 75 new hotel rooms would be constructed. The number of units would increase from the current 261 to 321. There also would be an increase in boat slips from 100 to 275, as well as additional parking.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
