West Glacier sale a $17 million deal

The Viad Corp., parent company to Glacier Park Inc., has disclosed the purchase price for the Lundgren holdings in West Glacier and Apgar at $16 million, with an additional $1 million for inventory.

The sale price was disclosed in corporate filings last week. The deal was announced last week by the Lundgrens and GPI. The Lundgren family had owned and operated the business for 68 years.

Included in the sale were 199 acres of land in West Glacier, which includes the West Glacier Motel and Cabins, the West Glacier Restaurant and Bar, the West Glacier Mercantile, the West Glacier Gift Shop and other guest services, including a gas station.

The sale also included 3.8 acres of inholdings within Glacier National Park in Apgar — the Apgar Village Lodge, the Cedar Tree Gift Shop and staff housing units in Apgar and West Glacier.

“This transaction represents an important addition to our Glacier Park business as it expands our share of rooms in the Glacier National Park area, making us the largest provider of overnight accommodations, food and beverage services and retail operations in that market,” Viad chairman, president and CEO Paul B. Dykstra said. “The acquired assets are uniquely positioned at the heavily trafficked west entrance to the Park and inside the Park itself. We are committed to expanding our high-margin hospitality and recreational attractions portfolio.”