Point Lookout, the former MBNA corporate retreat in Northport now owned by a retirement community developer, will be put under new management.
Northport LLC/Erickson Foundation, which bought the 387-acre conference facility in 2007 for $12 million, has tapped hospitality industry firm Pinnacle Advisory Group to improve business, according to the Capital Weekly. Pinnacle adviser Matthew Arrants told the paper the company will focus its efforts on marketing the facility's hotel and conference center space, but that "there will be very little change." Pinnacle Group will turn management of Point Lookout over to Boston-based Pyramid Hotel Group, which will hire Point Lookout's existing 50 to 75 employees.
Point Lookout has two conference centers, 106 log cabins, a soccer field, bowling alley and a gymnasium. The Baltimore-based Erickson Foundation, a nonprofit established by the founders of for-profit retirement community development firms Erickson Group LLC and Erickson Retirement Communities LLC, initially said it would market Point Lookout as a spot for corporate trainings and seminars related to the field of aging, but began marketing the property to the general public last summer. The two for-profit Erickson ventures declared bankruptcy last year, which did not affect Point Lookout's operations, according to the paper.
Go to the article from the Capital Weekly >>
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