01Historic resort · Restaurant · Pub
A landmark North Shore property operating since 1927, thoughtfully revitalized as a year-round destination grounded in authentic hospitality.
29 accommodation unitsLutsen, Minnesota
Hospitality · Real Estate · Operations
Building enduring
North Shore businesses.
We acquire, operate, and grow distinctive hospitality, service, and mixed-use properties—combining disciplined management with genuine North Shore welcome.
47.9° NLake Superior, Minnesota
04Businesses across hospitality, services, and real estate
51Accommodation units
45+Year-round employees
04Operating leadership teams
01 — Our approach
Owner-operators by design
Long-term thinking.
Hands-on execution.
Jameson Grace Hospitality is an investment, management, and holding company focused on distinctive assets across Minnesota’s North Shore.
We pair institutional-level operating discipline with the care and adaptability of local ownership. Every property is different. Our role is to understand what makes it special, strengthen its operations, and build lasting value for guests, employees, and the community.
Meet the owners02 — Selected portfolio
Four businesses. One operating philosophy.
Built for place.
Managed for performance.
Our portfolio spans lodging, food and beverage, commercial services, housing, and mixed-use real estate—creating a resilient, interconnected North Shore platform.
02Lakefront lodging
An intimate Lake Superior hotel where every room faces the water—operated as a simple, memorable retreat with an extraordinary sense of place.
22 accommodation unitsTofte, Minnesota
03Commercial services
Infrastructure that helps hospitality work.
A purpose-built commercial laundry serving hotels, lodges, and rental properties throughout Cook County.
04Mixed-use real estate
A place to live, work, and grow.
Long-term housing, commercial space, and a residential mobile home community in the heart of Lutsen.
03 — How we create value
More than management
We see the whole business.
From the guest’s first impression to the systems behind the scenes, we bring practical experience to every layer of an operation.
- 01
Acquire with discipline
We look for durable businesses and properties with a strong sense of place and untapped long-term potential.
- 02
Operate with intention
We improve systems, elevate service, invest in teams, and stay close enough to the work to know what matters.
- 03
Grow for the long term
We balance financial performance with thoughtful stewardship, community needs, and the character of each asset.
Value creation — evidence
Built, operated, and expanded
Proof in the portfolio.
Our operating model is visible in the businesses we have revitalized, the infrastructure we have built, and the regional needs our portfolio serves.
Cascade Lodge
Revitalized a landmark resort as a year-round destination while preserving a North Shore hospitality legacy dating to 1927.
51 accommodation units
Operates complementary resort and lakefront lodging experiences across Cascade Lodge and Cliff Dweller.
North Shore Laundry
Built purpose-designed commercial laundry capacity that supports hotels, lodges, and rental properties throughout Cook County.
Lutsen Paradise Park
Invests in long-term housing, commercial space, and a residential community serving the heart of Lutsen.
Leadership
“Hospitality is a business of details—but it is also a business of trust. We build both, one decision at a time.”
Founders & owner-operators
Jelena & Thom
McAleer
Hospitality professionals with more than 50 years of combined experience spanning luxury resorts, food and beverage, lodging operations, business development, and community leadership.
Together, they have built Jameson Grace into a diversified operating company rooted in the North Shore and positioned for thoughtful growth.
2023
Cook County Chamber of Commerce
Entrepreneur of the Year
2025
Cook County Chamber of Commerce
Community Business Leader
04 — Rooted here
Local ownership. Regional impact.
The North Shore isn’t a market to us.
It’s home.
Our businesses welcome travelers, create year-round employment, support other hospitality operators, and provide essential housing and commercial space.
We believe enduring businesses should strengthen the places they serve. That commitment informs what we acquire, how we operate, and where we invest next.
Strategic opportunities
Let’s build what’s next.
We welcome confidential conversations with property owners, investors, family offices, and strategic hospitality partners regarding acquisitions, partnerships, and long-term opportunities.
Begin a confidential conversation