Canoe Island Lodge LG Sold for $10.7-Million: Cash
The Canoe Island Lodge is a 30-acre resort in Diamond Point, Lake George. One of the many spectacular aspects of this property is that it includes a 2.7-acre island on Lake George – CIL, as it is fondly known, is located only five miles north of Lake George Village. Carla and Tom Burhoe were second-generation operators of the propety, and they recently sold it for 10.7-million dollars cash… But the buyer currently remains anonymous.
This resort has 472 feet of lakefront access, and 25,000 square feet of guest accommodations. The new owner of the property did not want to be publicly identified; the transactions were conducted through two LLCs. The 30-acre lodge – which has six bedrooms, four full baths, four half-baths, a dance floor, and a great room with a stone fireplace – was purchased for $8-million by CIL Lakeshore Mainland Properties QI LLC. The island was purchased for $2.7-million by NY Big Canoe Island QI LLC.
This Lake George resort includes more than a dozen buildings, with staff housing, tennis and pickleball courts, shuffleboard, docks, and a swimming area. The new owners are expected to continue many of the traditions of the Burhoe family and their predecessors – including Carla’s parents, Bill & Jane Busch, they had collectively operated the seasonal business for 77 years.
The Canoe Island Lodge was built by Bill Busch Jr. and his wife Jane Richter Busch in the 1940’s. Tom and Carla bid farewell to their guests via a Facebook Post:
“To All of Our Canoe Islanders-
“As the year winds down, we hope your Holiday Season has been filled with family and fun times. We have had a wonderful 77 years and the Canoe Island Lodge property is about to make the transition to new ownership. While we are sure that you’ll be getting information and updates about the 2023 season, Tom and I wanted to take this opportunity to thank all of you for all the great years. As my parents, Jane & Bill Busch would say, ‘thanks for the memories.’ We wanted to thank you for being a part of our lives and for sharing your families with us. We wish you all the best and will truly miss you all.
“- Tom & Carla”
The post had 114 comments of welliwishes and gratitude, dappled with photos from guests’ personal experiences throughout the years.