Location is key at this reasonably priced, 165-room property, which has been family-run since 1974. While other hotels in downtown Lake Placid sit across the street, eco-friendly Golden Arrow has direct water views from the lobby and many of its rooms. Renovations are ongoing, but all rooms have Keurig coffeemakers, mini-fridges, and microwaves; some are equipped with fireplaces, whirlpool tubs, and/or kitchens. Generations restaurant serves all three meals and has an attached bar serving local beer and infused vodkas. (There’s a charming retail area attached to the hotel for take-away espresso and wine.) Pets are welcome with a set of rules, and water sports, parking, and Wi-Fi are free of charge.