Troubles at the company that owned LOGE Entrada in Bend is affecting its properties throughout the American West, further reporting has borne out: LOGE Camps ousted its CEO for misrepresenting a real estate portfolio that is in “significant distress.” Then came a $9.4 million foreclosure lawsuit. A Montana staff has since been rendered jobless, and without living accommodations, on short notice.
Which is to say nothing of the repossessed PistenBully.
As evinced by two subsequent, jaw-dropping investigations by the “Flathead Beacon” in the past week, the Source’s Feb. 3 story about LOGE Entrada’s closure, was only the smoke of what has turned out to be a roiling, corporate-wide dumpster fire at LOGE Camps, the holding company which putting the kibosh on operations at numerous properties throughout the West.
As summarized by the Beacon, the lawsuit alleges defendants Radify Essex, LOGE GP Holdings LLC, LOGE Holdings LLC and former LOGE CEO Cale Genenbacher failed to pay their debt obligations on two notes after the loans reached full maturity in early 2025. The cumulative amount owed is $9,402,514.90, with interest accruing at a rate of $3,112.34 per day since Oct. 14, the media outlet reports.
The “Flathead Beacon” uncovered the extent of the turmoil at LOGE (which is an acronym that is pronounced “lodge” and stands for Live Outside, Go Explore) when it received and verified a trove of internal emails to investigators that mentioned a lack of cashflow and an inability to pay required operating costs. This crisis preceded LOGE closing the historic Izaak Walton Inn at Essex near Glacier National Park in Montana.
More details on the financial issues are available at the Flathead Beacon website.
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