Lake County Partners, today announced that they have completed their purchase of Hoberg’s Resort & Spa, a beautiful 55-acre mountain top property in Northern California, from Cobb Mountain Partners and have closed escrow.
LCP Managing Partner Silvester Rabic announced that LCP has attracted a top resort management firm, American Resort Management, to accelerate the opening and operation of Hoberg’s Resort & Spa. Rabic said that LCP is applying for a use permit with Lake County and upon approval will fast track plans to invest $7.5 million to renovate and operate the historic resort. Cobb Mountain Partners had already invested $2 million into the resort since their purchase of Hoberg’s in 2010.
“We are excited to move into this next phase of recreating a premier multi-faceted entertainment and activity destination in Lake County,” Rabic said. “With a new management structure in place, we can get down to finishing the next phases of renovation and finally reopen to the public. Hoberg’s Resort & Spa will not only offer lodging and one-of-a-kind club resort amenities, we hope it will also be a tremendous economic driver and job creator for Lake County.”
Rabic also noted that LCP had reached an agreement to lease a self-contained structure that will be converted into The Spa at Hoberg’s Club Resort. The Spa will serve as the centerpiece of the revival of Hoberg’s and will be operated by LCP under the direction of American Resort Management.
“We are so happy this project is once again moving ahead,” said Sandra Hoberg, whose grandparents were the original owners of Hoberg’s. “My entire family has been looking forward to seeing the resort renovated and restored. All of Lake County is going to benefit, and I think the entire community is behind this important project.”
“Getting this project back on track is a great thing for Lake County and Northern California,” Rabic added. “Our vision is enhanced by the undeniable draw of the natural beauty of Cobb Mountain. Hoberg’s will be a destination resort that is also Lake County-centric. It will serve the local community as a key resource for jobs, cultural events, seminars, and meeting space. It will carry forward its unique branding as a historic mountain pine forest retreat from the past that is revitalized and moving forward to the modern day.”