Odyssey Resort Portfolio

North Shore of Lake Superior

Project Overview

After originally being hired as the seller’s representative for the sale of Caribou Highlands Lodge in Lutsen, MN, SVN | Northco was ultimately engaged to be the seller’s representative for the sale of the entire Odyssey Resorts portfolio after receiving an unsolicited offer from an investment management group shortly after bringing Caribou Highlands to the market.

The Odyssey Resorts portfolio is comprised of six  resorts that are located along the highly awarded North Shore of Lake Superior:

  • Caribou Highlands Lodge (Lutsen)
  • Beacon Pointe (Duluth)
  • Breezy Point on Lake Superior (Two Harbors)
  • Grand Superior Lodge (Two Harbors)
  • Larsmont Cottages (Two Harbors)
  • East Bay Suites (Grand Marais)

SVN | Northco was able to successfully transact the portfolio, and SVN | Northco elected to invest in the portfolio and is now a co-owner, continuing its tradition of investing in healthy resort assets across the Midwest (and beyond).

Project Summary

Property Type:
Resort
Description:
6 Resorts • North Shore Lake Superior
Address:
Year:
Role:
Sold
Invested
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Projects Worked On

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Resort
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Ruttger's Bay Lake Resort

Deerwood, MN
Historic Resort • Fourth Generation Family-Owned
Sold
Invested
Resort
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Sportsman's Lodge

Baudette, MN
Largest Resort on Lake of the Woods
Sold
Golf Course
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Troy Burne Golf Club

Hudson, WI
Popular Course in the Twin Cities Metro
Sold
Resort
All
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University of St. Thomas - Gainey Conference Center

Owatonna, MN
178.77 AC • 35 Guest Rooms
Sold
Resort
All
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Bluefin Bay Family of Resorts

Tofte, MN
235 Bedrooms • Trophy Asset on Lake Superior
Sold
Resort
All
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Wild Eagle Lodge

Eagle River, WI
19.87 AC • Eagle River Chain of Lakes
Sold
Invested