48 New Condos Overlooking the Lake

AC2717 · 12-13-2021, 10:38 AM

excellent opportunity missed to put a hotel with a year round indoor waterpark in that location

joey2665 · 12-13-2021, 12:34 PM

Quote:

Originally Posted by AC2717

excellent opportunity missed to put a hotel with a year round indoor waterpark in that location

The developer we see a much larger and faster ROI on the condos that a hotel/water park. Although I agree for them area long term a hotel would have been better

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Descant · 12-13-2021, 01:14 PM

Condo's? Hotel?
Time share at $30K/ wk could be $1.5 Million per unit. Even $20K would be a Million. No pressure on the schools looming in the future. Need some sort of tram up/down Tower Hill.

codeman671 · 12-13-2021, 01:51 PM

Quote:

Originally Posted by Descant

Condo's? Hotel?
Time share at $30K/ wk could be $1.5 Million per unit. Even $20K would be a Million. No pressure on the schools looming in the future. Need some sort of tram up/down Tower Hill.

Are people really paying that much for timeshares these days?

I bought one years ago at Eastern Slope Inn in North Conway, week 2 red week for $20 on ebay with closing costs paid (yes, $20!). People want to dump them. Years later I gave mine away after not using it much and spending a lot on RCI fees and annual maintenance, the person that took it handled the transfer expenses.

I have a week at the Windrifter in Ogunquit that I am trying to give away for my parents...Any takers?

TheTimeTraveler · 12-13-2021, 02:01 PM

Quote:

Originally Posted by Descant

Condo's? Hotel?
Time share at $30K/ wk could be $1.5 Million per unit. Even $20K would be a Million. No pressure on the schools looming in the future. Need some sort of tram up/down Tower Hill.

One of the biggest problems for developers of Timeshare Systems is what do you do with all the unsold weeks during undesirable times?

In NH you have Late Spring Season, Summer Season, Fall Leaf Season, and Ski Season. What do you do with those "mud" weeks in April, or those weeks in November?

Descant · 12-13-2021, 02:38 PM

Perhaps my thoughts on the time share market are off point. I sort of thought snake oil salesmen could sell almost anything, just need the right customer. If I recall correctly the sales commissions were huge for selling the "off Weeks" and special deals if you bought a good week and a not so good week package. In the 80's, going to time share presentations was a sort of afternoon entertainment, and you got some kind of gift that you could sell later.

John Mercier · 12-13-2021, 07:27 PM

Quote:

Originally Posted by joey2665

The developer we see a much larger and faster ROI on the condos that a hotel/water park. Although I agree for them area long term a hotel would have been better

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It was looked into by Rusty and a team from Marriott... it didn't pan out. I seriously doubt the hotel idea at Gunstock will find the foothold that he hopes for either.

joey2665 · 12-13-2021, 08:13 PM

Quote:

Originally Posted by John Mercier

It was looked into by Rusty and a team from Marriott... it didn't pan out. I seriously doubt the hotel idea at Gunstock will find the foothold that he hopes for either.

Hotels just are not where the money is right now. It’s residential development whether high, mid or low income. The ROI is just too good and fast.

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John Mercier · 12-13-2021, 11:16 PM

That may be the precise reason to invest in them.
Contrary investing is a well established strategy.

map · 12-16-2021, 11:20 PM

Sad to lose our view as we pull out of Hilliard. Also our favorite spot to watch the fireworks.

On the plus side we will finally get a crosswalk from Hilliard across Route 3.

Patofnaud · 12-17-2021, 12:46 PM

Quote:

Originally Posted by map

Sad to lose our view as we pull out of Hilliard. Also our favorite spot to watch the fireworks.

On the plus side we will finally get a crosswalk from Hilliard across Route 3.

Ditto here.

pondguy · 12-17-2021, 12:51 PM

I miss the Superette old George could always cut you a nice steak.

MeredithMan · 12-17-2021, 01:35 PM

....that's a memory from the Way-Back Machine....Early 70's....my parents were on a first-name basis with George, (as probably were all his regulars). I can remember going in there with my father or mother to pick up some steak, burger meat, jug of milk...lot easier than schlepping it to Star Market in Gilford when you just needed a couple things.

map · 12-17-2021, 12:04 AM

Quote:

Originally Posted by AC2717

excellent opportunity missed to put a hotel with a year round indoor waterpark in that location

YUK! What a horrible idea!

12-13-2021, 10:38 AM	#1
AC2717 Senior Member Join Date: Apr 2007 Location: Maynard, MA & Paugus Bay Posts: 2,582 Thanks: 755 Thanked 355 Times in 267 Posts	excellent opportunity missed to put a hotel with a year round indoor waterpark in that location __________________ Capt. of the "No Worries"

12-13-2021, 02:38 PM	#6
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,413 Thanks: 1,365 Thanked 1,636 Times in 1,068 Posts	Not a good market anymore? Perhaps my thoughts on the time share market are off point. I sort of thought snake oil salesmen could sell almost anything, just need the right customer. If I recall correctly the sales commissions were huge for selling the "off Weeks" and special deals if you bought a good week and a not so good week package. In the 80's, going to time share presentations was a sort of afternoon entertainment, and you got some kind of gift that you could sell later.

12-17-2021, 01:35 PM	#13
MeredithMan Senior Member Join Date: Aug 2013 Location: Bedford, NH; Meredith, NH Posts: 963 Thanks: 263 Thanked 818 Times in 335 Posts	Superette ....that's a memory from the Way-Back Machine....Early 70's....my parents were on a first-name basis with George, (as probably were all his regulars). I can remember going in there with my father or mother to pick up some steak, burger meat, jug of milk...lot easier than schlepping it to Star Market in Gilford when you just needed a couple things.

12-13-2021, 01:14 PM	#3
Descant Senior Member Join Date: Mar 2006 Location: Merrimack and Welch Island Posts: 4,413 Thanks: 1,365 Thanked 1,636 Times in 1,068 Posts	Condo's? Hotel? Time share at $30K/ wk could be $1.5 Million per unit. Even $20K would be a Million. No pressure on the schools looming in the future. Need some sort of tram up/down Tower Hill.

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12-13-2021, 11:16 PM	#9
John Mercier Senior Member Join Date: Jun 2021 Posts: 3,474 Thanks: 3 Thanked 610 Times in 504 Posts	That may be the precise reason to invest in them. Contrary investing is a well established strategy.

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joey2665 (12-14-2021)

12-16-2021, 11:20 PM	#10
map Senior Member Join Date: Jul 2019 Location: The Weirs Posts: 226 Thanks: 184 Thanked 66 Times in 49 Posts	Sad to lose our view as we pull out of Hilliard. Also our favorite spot to watch the fireworks. On the plus side we will finally get a crosswalk from Hilliard across Route 3.

12-17-2021, 12:51 PM	#12
pondguy Senior Member Join Date: Jan 2009 Posts: 270 Thanks: 587 Thanked 201 Times in 128 Posts	I miss the Superette old George could always cut you a nice steak.

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pondguy (12-17-2021)