Six North Shore Resorts Get New Owners

Beacon Pointe in Duluth is one of six North Shore resorts that have been sold. Beacon Pointe in Duluth is one of six North Shore resorts that have been sold. | 

Updated: May 29, 2019 05:59 PM

A half-dozen major North Shore resorts are under new ownership.

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Minneapolis-based Blackburn Investment Management announced Wednesday that a group of Minnesota-based investors led by Blackburn and Madison Hospitality Group has purchased Odyssey Development and Resorts.  The sale price was not announced.

Odyssey owns Beacon Pointe in Duluth, Caribou Highlands in Lutsen, East Bay Suites in Grand Marais, and Breezy Point Cabins, Grand Superior Lodge, and Larsmont Cottages in Two Harbors. The company was previously owned by Robert Ryan, who will stay on during the transition.

Madison Hospitality Group, based in Brainerd, owns six other hotels and resorts in Minnesota, including Grand Ely Lodge.

A news release says Blackburn was originally considering the purchase of just Caribou Highlands but ultimately offered to buy the whole company, seeing the potential for future growth and development.

Odyssey has more than 300 employees.

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