Twice damaged by fire, in 1893 and 1914, the Sagamore was rebuilt in early 1921. A group of investors including Dr. William G. Beckers of New York City, one of the hotel's early stockholders, Adolph Ochs, the owner and publisher of the New York Times, Dr. Willy Myers, a New York City surgeon and William H. Bixby, a St. Louis industrialist, hired prominent local architect and structural engineer Robert Rheinlander to oversee the effort.[4]
Throughout its history, the Sagamore has been a social center for wealthy tourists and residents of Millionaires' Row, the stately mansions along Lake George's western shore.[citation needed]
The hotel eventually fell into disrepair before closing its doors in 1981.[5]
In 1983, one hundred years after construction of the first Sagamore, builder and real estate developer Norman Wolgin of Philadelphia purchased the hotel and restored it. In the same year, the resort was listed in the National Register of Historic Places.[citation needed]