Balsams Grand Resort teams up with ski industry legend Les Otten

[thetrailboss]

Still going.....

Balsams developers seek different type of investors

Coos planners vote to extend vesting period to 2025

www.nhbr.com

 

[machski]

Les still at it, has a new angle and deal to get things rolling.

Otten outlines plan to proceed with redevelopment of Balsams

December 9th, 2021 “WEST STEWARTSTOWN – Balsams developer Les Otten on Wednesday unveiled plans to have a national non-profit organization build the planned new hotel and conference cen…

thebalsamsresort.com

You can say 1 thing for sure, he is determined to drive this project. That part of NH desperately could use the resort back in operation.

 

[eatskisleep]

Les still at it, has a new angle and deal to get things rolling.

Otten outlines plan to proceed with redevelopment of Balsams

December 9th, 2021 “WEST STEWARTSTOWN – Balsams developer Les Otten on Wednesday unveiled plans to have a national non-profit organization build the planned new hotel and conference cen…

thebalsamsresort.com

You can say 1 thing for sure, he is determined to drive this project. That part of NH desperately could use the resort back in operation.

If anyone can do it, it’s him.

 

[thetrailboss]

I regret not skiing there when it was open. My Burke Pass got me access.

 

[thetrailboss]

Bump.

Can the Balsams rise from the ashes? Inside Les Otten's risky venture - New England Ski Journal

There’s only one question regarding former American Skiing Company founder Les Otten's proposed development of the Balsams.

www.skijournal.com

 

[tumbler]

Always has been an ambitious plan but maybe it has a chance now with all the anti mega pass sentiments.

 

[eatskisleep]

Always has been an ambitious plan but maybe it has a chance now with all the anti mega pass sentiments.

Would be a good spot for Indy

 

[Los]

From NH Business Review:

Update on the Balsams Project with Developer Les Otten​

 

[2Planker]

Spoke w/ Les the other day
He says that w/ the Goldman Sachs backing they're now up to 500+ PreSale commitments of over $30M

Go Les !

 

[Edd]

Don’t suppose he mentioned what season he’d hope the ski area would be operational?

 

[x10003q]

Spoke w/ Les the other day
He says that w/ the Goldman Sachs backing they're now up to 500+ PreSale commitments of over $30M

Go Les !

500+ commitments? Maybe he means email addresses?
Interest rates are up around 8% for a 30yr fixed mortgage and the Canadian dollar has sunk to $.73US.
A good salesman never lets reality confuse the mark.

 

[Newpylong]

Do you think anyone who is interesting in buying would pay anything but cash? I sure don't.

 

[Edd]

Instagram post today. Signs of possible life. Can’t believe this is still a thing.

THE BALSAMS STORY

thebalsamsresort.com

 

[tumbler]

Les has got a lot of the old ASC team back together.

 

[x10003q]

The first post of this thread was Feb 11. 2014.

 

[jimmywilson69]

They aren't building shit up there in this economy...

I do wonder if Less Otter will cast the first vote tomorrow

 

[doublediamond]

There’s nothing new in that posting. But sources tell me it’s basically a go for winter 24-25. Just dotting I’s and crossing T’s.

 

[Former Sunday Rivah Rat]

Otten was saying on his site that he is looking to do the Bond offering in the Fall. Did they have the Bond offering? is it delayed with the rate hikes? If so they must be rooting for rates to come down quickly.

 

[NYDB]

Spoke w/ Les the other day
He says that w/ the Goldman Sachs backing they're now up to 500+ PreSale commitments of over $30M

Go Les !

That’s only 60k per commitment. What are they committed to for 60k?

 

[doublediamond]

There are 3x 100-day shares and a 65-day share per condo. From a standard hotel room, up to 3 bedroom suites sleeping 6.