$10 million investment in iconic Deerhurst Resort announced

TORONTO, Canada – Skyline International is committing a (CAD) $10 million investment to the iconic Deerhurst Resort.

TORONTO, Canada – Skyline International is committing a (CAD) $10 million investment to the iconic Deerhurst Resort. The earmarked funds will be invested over two years, targeting a complete renovation of all Skyline-owned guest rooms, bathrooms and corridors, as well as significant upgrades to the Legacy Hall, Compass Lobby Bar, Maple Pub, Fitness Centre, and improvements to the lakeside waterfront.

“Deerhurst is an iconic brand that has been around for over 100 years and will be around for the next 100 years,” says Skyline International CEO Michael Sneyd. “We understand what this brand means to Muskoka and we want to raise people’s expectations of what a visit to Deerhurst can entail.”

“Everything we have targeted with this (CAD) $10 million investment is a result of feedback we have been getting from our top client group,” adds Sneyd. “We have been working on this for a while.”

This direct investment in Deerhurst Resort, which traces its roots back to 1896 when Charles Waterhouse opened a small summer resort along Peninsula Lake, is part of a (CAD) $500 million overall master plan for Deerhurst, which includes a brand new village centre with a main street that overlooks Peninsula Lake and the Deerhurst Lakeside Golf Course.

As the overall master plan continues to progress through the planning process, the first and last waterfront condominium opportunity at Deerhurst, Lakeside Lodge, has already launched, offering purchasers units that start from the (CAD) $200s.

“Deerhurst may be located in cottage-country, but it isn’t simply a cottage retreat. It’s a community that promotes activity. There is so much potential for outdoor adventure that goes beyond the dock or golf course. With Lakeside Lodge, we wanted to create an ownership experience capturing all sides of life in Muskoka,” says Raymond Zar, COO of Skyline International.

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Linda Hohnholz

Editor in chief for eTurboNews based in the eTN HQ.

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