Quote:
Originally Posted by ghfromaltonbay
The leasees were told the upgrade of the septic will cost $500,000. The asking price for the property is $12 million. There are approximately 50 units, so do the math. None of us will be able to afford to rent there. The buyers do have deep pockets. Just check their website Vacanza.com. They have bought almost every cottage colony, motels, lake front houses and storage facilities in Alton Bay. Only Bayside and Lakehurst cottages are still family owned. They also bought the Lakeview Inn at the Weirs. Megabucks! Every place they have bought has seen doubling of the rents after renovations were done. From what I was told by those who met with the new owners, they seem to be discouraging the present arrangement of seasonal renters and want to rent by the week thru their site on VRBO. Truly the end of an era.
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I believe that website would be vacanzanh.com.