Lake George, Lakefront Terrace Resort Sold for $7.4 Million

Ken McGurk sold the Lakefront Terrace Resort to family members recently for $7.4-million.  The property was put on the market after McGurk completed a multi-year $2-million renovation. McGurk bought the 73-room resort for $3.4-million in 2018. He then moved to Lake George, and ran the Lakefront Terrace for four years. The $2-million investment was used for paint, upgrading patios, and replacing beds, linens and floors throughout the resort. McGurk listed the 1.76-acre resort in September – the resort features a 150-foot private beach, and is located half a mile from Lake George Village. There were multiple offers prior to the sale agreement.

The Lakefront Terrace was purchased by a limited liability company called Tahoe LG, that is controlled by McGurk’s cousins Michael Menter, Chris Menter and Patrick Menter. The transaction closed December 14, 2022 according to the deed filed with Warren County clerk’s office. Glens Falls National Bank financed the mortgage. 

The three Menter brothers grew up in the hospitality industry. The Menter family has long-standing ties to the community: David and Teresa Menter (Michael, Chirs and Patrick’s parents) have restaurant and hotel holdings throughout the Adirondacks; they have owned Scotty’s Lakeside Resort in Lake George, and Country Inn & Suites hotel, which is near the Six Flags Great Escape in Queensbury. 

Other Lake George real estate holdings have stayed within families as well – on November 16, 2022, Dennis Quirk sold his Lake George real estate holdings and businesses to his daughter and son-in-law. The real estate in that deal was sold for $3.53-million, according to the Warren County Clerk’s office.