Governor Kathy Hochul this week announced the grand opening for the $35 million Cambria Hotel in Lake Placid – the first new hotel to open in Lake Placid since 2013. The modern, 105,645-square-foot hotel features 185 guest rooms, a restaurant, event space and a waterfront gathering area, and will employ more than 50 full time employees. Hochul says the state’s tourism industry generated a historic $123 billion in statewide economic impact in 2022.