Landmarq Capital, a hospitality-focused investment and asset-management firm specializing in destination resorts and recreation-based properties, bought Superior Shores Resort, a Lake Superior North Shore property in Two Harbors, Minnesota, in late June. Terms of the transaction were not disclosed.
The acquisition marks a significant and early milestone in Landmarq Capital’s partnership with Leisure Hotels and Resorts of Baxter, Minnesota, a growing third-party hospitality-management and -development firm specializing in independent resorts, boutique hotels, and other distinct hospitality properties in nine states. The collaborative strategy is to acquire, enhance, and operate distinctive hospitality properties throughout key leisure and recreation markets across the U.S.
Situated along the rugged shoreline of Lake Superior, Superior Shores Resort is one of Minnesota’s best-known North Shore hospitality destinations for corporate groups, weddings, conferences, and special events. The full-service, four-season resort features a diverse mix of lodge-style guest rooms, luxury suites, condominiums, and lake homes, along with extensive meeting and event facilities, lakefront amenities, dining, and year-round recreational opportunities. The property also features a signature dining venue overlooking the lake.
“Superior Shores Resort is an iconic North Shore property with an exceptional location and significant long-term potential,” says Jamie Tatge, president and chief executive officer of Leisure Hotels & Resorts, in a prepared statement. “The resort aligns perfectly with our philosophy of investing in distinctive destination properties that have strong foundations, loyal followings, and often an established brand that will benefit from both an infusion of capital and smart, experienced, and thoughtful leadership.”
Founded as a hospitality-focused investment platform, Landmarq Capital acquires, develops, repositions, and operates resort and recreation-based properties throughout the Midwest, Mountain West, Florida, and Arizona.
Leisure Hotels & Resorts will oversee management of Superior Shores Resort as part of the acquisition. Under Tatge’s leadership, Leisure Hotels & Resorts has established a growing niche within the hospitality acquisition, operations, and management sector.
Recent additions to Leisure Hotels & Resorts’ portfolio include Cragun’s Resort and Quarterdeck Resort on Gull Lake in Brainerd, Minnesota; Cove Point Resort on Lake Superior in Beaver Bay, Minnesota: and The Confluence Hotel in Hastings, Minnesota.
“Our approach is rooted in being operators first,” Tatge adds. “We are committed to preserving what makes properties special while investing in their future, supporting communities, enhancing guest experiences, and building sustainable long-term value.”
