Ski New England - New England Hiking - New England Inns, Bed & Breakfasts and Hotels
Ski New England - New England Hiking - New England Inns, Bed & Breakfasts and Hotels
Ski New England - New England Hiking - New England Inns, Bed & Breakfasts and Hotels
Ski New England - New England Hiking - New England Inns, Bed & Breakfasts and Hotels
 Friday, September 5, 2008
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Ski New England - New England Hiking - New England Inns, Bed & Breakfasts and Hotels


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Old May 2, 2008, 8:18 PM   #1 (permalink)
ckofer
 
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Old May 2, 2008, 8:18 PM
 
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Old May 3, 2008, 9:20 AM   #2 (permalink)
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Even though, we as consumers can gain, it starts to scare me a little when everyone wants to be "the premier destination in the East". I hope these investments pay off for everyone.

It reminds me of when I was selling Semiconductors around the world. During the first PC boom, everyone I spoke to was going to gain market share. Turns out a lot of factories and some companies closed down after overextending and the market not being able to handle the expansion.
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Old May 3, 2008, 9:26 AM   #3 (permalink)
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"Celebration is one of a number of property developers who have bought smaller ski resorts in New England, such as Burke Mountain in Vermont and Ragged Mountain in New Hampshire, with the goal of creating upscale residential communities around them."
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Old May 3, 2008, 9:35 AM   #4 (permalink)
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Quote:
Originally Posted by Vinny View Post
Even though, we as consumers can gain, it starts to scare me a little when everyone wants to be "the premier destination in the East". I hope these investments pay off for everyone.
Analogous to the semiconductor sector, once they have chosen to be in this market, they have no choice but to expand.

Actually of all places, BW is in a nice spot to cater to this crowd. Winter season, the notch protects them, they usually get snow while places nearby gets sleet or rain. Terrain and grooming makes for hero snow condition. Summer, I hear is great; hiking, water holes and golf.
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Old May 3, 2008, 9:37 AM   #5 (permalink)
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I'm all for on mountain real estate..if real estate development can bring in more revenue and fund on mountain improvements it's a great thing..
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Old May 5, 2008, 10:21 AM   #6 (permalink)
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LOL. $1.1 billion + 182 acres? Yet another in a long line of mega-developments that won't happen....
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Old May 5, 2008, 6:08 PM   #7 (permalink)
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"Celebration is one of a number of property developers who have bought smaller ski resorts in New England, such as Burke Mountain in Vermont and Ragged Mountain in New Hampshire, with the goal of creating upscale residential communities around them."
Consider nothing much came of either Burke or Ragged (yet), that doesn't sound like a track record worth toting about...
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Old May 5, 2008, 6:10 PM   #8 (permalink)
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ragged only has one season of new ownership under it's belt and alot of that was spent fixing things up. seriously, given the shape the place was in last year, it's quite something that they ran a full season this year.
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Old May 7, 2008, 7:09 PM   #9 (permalink)
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CNL Income Properties just might be the largest ski resort owner in the US. Boyne is the contracted operator of most of it's ski resorts.

In addition to Sunday River and Sugarloaf, CNL also owns Brighton, Utah, and Cypress Mountain B.C. CNL’s winter resort portfolio also includes Bretton Woods and Loon, N.H.; Mountain High, Northstar-at-Tahoe and Sierra-at-Tahoe, Calif.; and the Summit at Snoqualmie, Wash. In all, it owns 71 lifestyle and recreation properties in the U.S. and Canada, focuses on golf courses, ski resorts, marinas, campgrounds, merchandise marts, destination retail and entertainment centers and attractions. They added several of the ski resorts by buying Booth Creek. It is based in Orlando, Fla.

Last fall CNL. purchased 27 premier golf courses for 301m. This company is huge and looks to be perfectly capable of financing the developement at BW.
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Old May 7, 2008, 10:39 PM   #10 (permalink)
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With the real estate and regional economic conditions at the moment, I find it hard to believe anybody is going to be building very much this year. I'm not convinced that prices are anywhere near the bottom yet at the ski resorts.
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