Ludlow's Island Resort
SVN | Northco was engaged as the seller's representative for the sale of Ludlow's Island Resort, a historic island resort that is located on one of the most popular lakes in the Midwest, Lake Vermilion. Lake Vermilion is the 5th largest lake in Minnesota and is regionally famous for its fishing and stunning scenery. Included in the sale were the resort’s authentic Northwoods cabins, handcrafted by the Ludlow family over decades and updated during the many off-seasons, a main lodge building, a beach and dock system, boat rentals, and more.
For the new owners, SVN | Northco Hospitality Investments and Pat Egan, owning Ludlow’s Island Resort is a dream come true, and the team is well-suited to continue the legacy that the Ludlow family has built.
Read the full press release on the sale here.