The Balsams is up for sale

[darent]

the state of NH will buy the balsams, open it up as a medical marijuana spa resort, attract all the ailing people from maine ,mass and vermont

 

[riverc0il]

This is a pain in the ass that I don't quite understand.

You can buy beer and wine at the grocery store. You can buy wine and booze at the State Liquor Store.
I know it's based on alcohol content, but you would think if wine is sold in both places, so should beer.

I definitely dug the one stop shopping in Maine. Didn't dig the prices, but getting whatever you want at a grocery store, even some gas stations is pretty cool.

I think businesses that sell beer would have a fit. It is already pretty unfair that the state has a monopoly on likker.

 

[deadheadskier]

I think businesses that sell beer would have a fit. It is already pretty unfair that the state has a monopoly on likker.

A. Those places that sell beer, most often sell wine as well. The State sells wine. That was my point. Why is wine for sale from both State Run stores and Private Stores, yet liquor is only available from State Stores and Beer only available from Private Stores.

B. I 100% back our state monopoly on likker. You like not paying income and sales tax? Better pray that likker sales never go private. The program helps BOTH our genearl fund and provides often substantially discounted product. I drive by the State Liquor Stores on 95 twice a day; places are PACKED with out of state customers.

 

[AdironRider]

Well theres Omni resorts that owns the Mt. Washington, theyd be a logical candidate. Theres also the ownership of the Sagamore and the Wentworth hotels that would be a logical fit as well. I believe its a subsidiary of Marriot.

The place needs some updated facilities and amenities. That pool was nice back in the early 80's, but you need something a bit more updated to succeed in todays resort market. They have the location, albeit far away. People are willing to travel though if the place is worth it. They have some pretty badass amenities as is, just bring it up to date. I think they have something pretty unique in the all inclusive deal they seem to be running. Right now it seems really cheap at like 250 a head, you can bring more with a modern facility.

 

[deadheadskier]

Theres also the ownership of the Sagamore and the Wentworth hotels that would be a logical fit as well. I believe its a subsidiary of Marriot.

Ocean Properties, family owned company. They wrap some of their properties into an investment firm for capital infusion, but for the most their hotels are soley owned by the Walsh family.

They took a serious look at the Balsams, but decided the investment needed to bring it up to date wasn't worth it for the revenue capability.

 

[Mapnut]

They took a serious look at the Balsams, but decided the investment needed to bring it up to date wasn't worth it for the revenue capability.

That sounds highly analogous to ski areas for sale. I still marvel that all the eastern ASC areas found buyers.

 

[drjeff]

Well theres Omni resorts that owns the Mt. Washington, theyd be a logical candidate. Theres also the ownership of the Sagamore and the Wentworth hotels that would be a logical fit as well. I believe its a subsidiary of Marriot.

The place needs some updated facilities and amenities. That pool was nice back in the early 80's, but you need something a bit more updated to succeed in todays resort market. They have the location, albeit far away. People are willing to travel though if the place is worth it. They have some pretty badass amenities as is, just bring it up to date. I think they have something pretty unique in the all inclusive deal they seem to be running. Right now it seems really cheap at like 250 a head, you can bring more with a modern facility.

One of the biggest things that a potential buyer for The Balsams would have going for them, especially if they spent some $$ and spruced it up(although if there were suddenly 42" flat screens in every room and wi-fi all over the Notch, there'd be many a long time returning guest not too happy with that as the "rustic nature" is a draw for so many of it's multi-year guests IMHO) is that they do have a loyal following, and a following that they keep informed through quarterly brochure mailings to it's past guests, so I'd bet that news of some upgrades/enhancements would get many of those existing customers back in a hurry to check things out. I've always found it refreshing on my 3 trips there over the years for family reunions, that as soon as your car stops at the valet stand, the first thing out of the valet's mouth is "Welcome back to the Notch" (and if its the start of a return trip for you, they give you a nice little bottle of pure NH Maple Syrup too! Mmmm!)