“Everlands is back-burnering itself” during the economic slump, confirmed David Garrett, president of Garrett Hotel Group, based in Vermont. The Garrett Group manages the Point, on Upper Saranac Lake, and owns Lake Placid Lodge, a separate Great Camp–style resort on the shore of Lake Placid.
Garrett said the Point will remain open to guests no matter what happens to Everlands, a start-up that planned to assemble a global collective of 45 exclusive properties in protected natural settings. Since it launched in 2007, Everlands acquired six lodgings, according to its Web site. The London Times reported it had attracted only 60 members out of a goal of 1,800, later lowered to 900. Memberships were to cost $1 million but were available to early birds for half that amount. Everlands has not returned calls seeking comment. The Point will continue to operate as a hotel, as it had in the past, not a fractional ownership.
The Garrett Group sold the Point in 2007 to “a group of founding members of Everlands, separate from the actual Everlands entity,” Garrett explained. He said the sale was carefully structured to “protect” the Point should the Everlands concept not prove viable.
The Point will be closed in April, as it always is, and will reopen in May.