The Princess Riverside Lodge Will Close for Winter

FAIRBANKS- The Princess Riverside Lodge will close in mid–December until May, 2014. Vice President of Public Affairs for Princess, Bruce Bustamante, says the hotel wasn't making enough profit during the winter season because their utility costs increased, along with business competition. He says some staff will work at the Westmark during the winter, which is their only year– round property. The company hasn't decided the long–term future of the hotel and they will "take it year by year," Bustamante says. He says it wasn’t an easy decision, but it comes down to economics, “if you factor in high supply and really flat demand- we don’t really see there’s any growth this winter.”