Saratoga's Pavilion Grand Hotel converting to luxury apartments, extended-stays


The Pavilion Grand Hotel in Saratoga Springs will no longer accept reservations for less than one week starting Nov. 1 as it transitions to a new business model as a result of the Covid-19 pandemic.


The hotel at 30 Lake Ave. is being rebranded as the Pavilion Grand Executive Apartments, offering 16 extended-stay rentals and year-round apartment-style living in the other 32 units.


Prime Cos., the owner, opened the hotel six years ago and saw strong demand for the luxury accommodations, including eight two-story penthouse suites with private landscaped patios and nightly rates up to $2,500. The clientele included horse owners in town every summer for the Saratoga Race Course meet.


That all changed this year.


"Covid came along and, like everybody else, we were hit very hard," said Susanne Simpson, general manager. "We realized there might be a way to redefine the future. We did a series of meetings, talked to clients and got a feel for what we think is the future of travel."


The result is a hybrid model that Simpson said appeals to two types of customers: those who want to stay a week or more while visiting the area, and those who want the services of a high-end hotel but the comfort and furnishings of their own apartment.


The smallest rooms are 600 square feet, almost twice the size of the average hotel room in the U.S., and include full kitchens. The largest penthouse is a two-bed, 2.5-bath with 2,200 square feet — bigger than many single-family detached homes.

Amenities include the restaurant 30 Lake on the ground floor and a spa, Make Me Fabulous.

"It's been extremely well received," Simpson said. "Our clients are very excited. We created another opportunity for clients that are just coming for the summer. They can give us the unit back and we'll help them sublet it."

Monthly rental rates for unfurnished apartments will range from $1,750 for studios up to $3,900 for a penthouse, including utilities.

Weekly rates for extended-stay units start at $2,100 during peak season from June to October and will go as high as $6,700 for a penthouse.

"We found the phones have been ringing both for the yearly rental and for the shorter stays," Simpson said. "I've got a guest that's looking to stay for a week over the holidays."


https://www.bizjournals.com/albany/news/2020/10/06/pavilion-grand-hotel-saratoga-extended-stays.html

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621 Columbia Street, Cohoes NY 12047
(518) 785-9000 |   info@theprimecompanies.com