Wason Associates Hospitality Real Estate Brokerage Group in Portsmouth negotiated the sale of the Fox Ridge Resort in North Conway between the seller, FRNC LLC, and the buyer, CHHAVI Hospitality LLC. With this purchase, the buyer says they will invest $3 million in capital improvements. The property will be managed by Jamsan Hotel Management Company of Lexington, Mass.
In addition to the 30 acres of mountain views, the 138-room property boasts an indoor and outdoor swimming pool, large dining area, and game room. Guests can enjoy nearby hiking and cycling paths as well as other attractions such as canoeing, skiing, Storyland and more.
“It was a pleasure to facilitate the successful transaction of the Fox Ridge Resort,” says Earle Wason, president of Wason Associates. “We are always thrilled to partner with parties that plan to invest in the property and continue contributing to the rich hospitality market in scenic northern New Hampshire.”
Current Issue - April 2024