Acquires West Glacier Motel & Cabins, Apgar Village Lodge and related visitor amenities.
PHOENIX – Viad Corp announced that it completed the acquisition of the West Glacier Motel & Cabins, the Apgar Village Lodge and related land, food and beverage services and retail operations. This acquisition is expected to be accretive to Viad’s 2014 earnings.
Paul B. Dykstra, Viad’s chairman, president and chief executive officer, said, “This transaction represents an important addition to our Glacier Park business as it expands our share of rooms in the Glacier National Park area, making us the largest provider of overnight accommodations, food and beverage services and retail operations in that market. The acquired assets are uniquely positioned at the heavily trafficked West entrance to the park and inside the park itself. We are committed to expanding our high-margin hospitality and recreational attractions portfolio.”
The West Glacier Motel & Cabins is a 32-room property situated on approximately 200 acres at the West entrance of Glacier National Park, along the famed Going to the Sun Road and adjacent to the West Glacier Amtrak station. Full-service amenities include the West Glacier Restaurant, West Glacier Mercantile, West Glacier Gift Shop, West Glacier Shirt Company, a gas station and employee housing.
The Apgar Village Lodge is a 48-room property situated on a 3.8 acre private inholding inside Glacier National Park along McDonald Creek near Lake McDonald. In addition to overnight accommodations, the Apgar assets also include the Cedar Tree Gift Shop and employee housing.
Cindy Ognjanov president of Glacier Park, Inc., said, “We are honored and excited to add the West Glacier and Apgar properties to our operations in the Glacier National Park area. They complement our existing assets by adding scale and additional location options that will enhance our guests’ enjoyment of this majestic area and reinforce our position as the Gateway to Glacier. This acquisition also extends the reach of our environmental stewardship programs further into the community, and it broadens our position as a hospitality employer of choice in Glacier County and in the state of Montana. We are committed to the community and to delivering top-notch guest services.”
In addition to the West Glacier and Apgar assets, Glacier Park, Inc. owns and operates the St. Mary Lodge (located at the East entrance of the park, along Going to the Sun Road), Motel Lake McDonald (an inholding within Glacier National Park), Glacier Park Lodge, Grouse Mountain Lodge and the Prince of Wales Hotel, which are located in and around Glacier National Park in Montana and Waterton Lakes National Park in Alberta, Canada. These two parks are together known as the Waterton-Glacier International Peace Park and welcome over 2 million visitors each year.
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