The lodge, Flóðvangur, was built in 1964.  That year the English angler and angling author, John Ashley-Cooper signed a ten-year lease, which was later extended for another three years. The lodge is located at the west side of the Lake Flóðið.

By fall 2003 reconstruction of the lodge was started together with improvements of the old lodge.  This would transform the whole facilities for both the anglers and staff.  The work was completed in Mai 2004. 

The new lodge is immensely magnificent and the facilities is outstanding.  When taking a break from fishing one can enjoy the relaxation of steaming bath and the hot tub.  Surrounding the lodge one can also take a few moments at the 4 golf holes.