Guests make their way into the Hotel Saranac on Friday evening. (Enterprise photo — Jesse Adcock)

SARANAC LAKE — The Hotel Saranac received a Historic Preservation Award from the state Office of Parks, Recreation and Historic Preservation on Thursday.

The hotel, designed by architectural firm Scopes and Feustmann, was constructed in 1927. It was sold to Paul Smith’s College in 1962, then to Sewa Arora in 2007. The Roedel Companies bought the hotel in 2013 and spent the next four-and-a-half years and $37 million rehabilitating the structure, reopening it in January 2018. The state pledged $5 million to the project through the Regional Economic Development process. It is the largest historic tax-credit investment in the Adirondacks.

Established in 1980, the awards honor those who protect and rejuvenate of New York’s historic and cultural resources. Other recipients this year included the Randolph Houses in Harlem, the Tower of Victory in Newburgh, the New York City LGBT Historic Sites Project, Sibley Square in Rochester, the New Guinea Community Site in Hyde Park and Mark Thomas, Western District director for state parks.

The awards were presented at the New York State Museum in Albany on Thursday.

“Across New York, communities, businesses and individuals are embracing historic preservation strategies to promote community renewal, cultural enrichment and job growth in New York,” Commissioner Rose Harvey said in a press release. “I congratulate this year’s recipients on their great work that both preserves the distinctive history our communities and helps create a better future for our state.”