Forest Glen Inn

277 Artist Falls Road | North Conway, NH 03860

27

01/12/2017

The Forest Glen Inn, located in the well known town of North Conway in the Mt. Washington Valley of New Hampshire, offers a unique opportunity to own a 27 room interior corridor hotel and complete a new redevelopment/business plan to operate a well known hotel in one of the Northeast's most thriving resort communities. The Forest Glen Inn was redeveloped into a time share hotel in 1979 and the Owners association took over all control in 1984. It has operated successfully as a time share but the Owners Association has determined that it is time to dissolve the Association and offer the facility for sale. All property details follow and please give Earle Wason a call at 603-498-1899 to discuss this months featured property.

The Forest Glen Inn, located in the well known town of North Conway in the Mt. Washington Valley of New Hampshire, offers a unique opportunity to own a 27 room interior corridor hotel and complete a new redevelopment/business plan to operate a well know hotel in one of the Northeast's most thriving resort communities. The Inn sits on 6.65 acres of land at the end of Artist Falls Road which is accessed from Routes 16 and 302, known as the White Mountain Highway, just south of North Conway Village. There are nine 2 room suites and 18 typical hotel guest rooms. The Lobby area is very attractive with fireplace and common areas include a cozy lounge, dining area, play rooms, library and an attractive managers/owners residence. Amenities include; 2 swimming pools,exercise room 2 hot tubs, tennis court and view directly to Cranmore Mountain ski Area. The building is fully sprinklered and meets all required town and state requirements. The property is extremely well maintained but some modernizing of the guest rooms may be appropriate.

Forest Glen Inn
Forest Glen Inn
Forest Glen Inn
Forest Glen Inn
Forest Glen Inn
Forest Glen Inn
Forest Glen Inn
Forest Glen Inn
Forest Glen Inn
Forest Glen Inn
Forest Glen Inn
Forest Glen Inn
Forest Glen Inn
1154
  • Rooms:

    27

  • Room Sizes:

    Nine 2 room suites, ( sleep 6 max) 18 typical guest rooms (sleep 4 max)

  • Guest Room Baths:

    Vinyl floors, laminate counter tops, Acrylic tubs with showers

  • Land Area:

    6.65 Acres

  • Construction:

    27,800 square foot building of Wood Frame construction, ashphalt shingles ( rerplaced in 2007), two stories with attic

  • Elevator:

    Handicap lift from Lobby to lower level

  • Electric:

    New Hampshire electric Co-op: back up generator on site

  • Fire Protection:

    Fully sprinklered,( Dry system), heat and smoke detectors

  • Key System:

    Traditional keys

  • Zoning Information:

    Residential with Grandfathered use for hospitality, Town tax assessment of $1,453,400 and annual tax of $31,742

  • Interior/Exterior Corridors:

    Interior corridor entrances on all rooms with exterior access to patio or deck

  • Hot Water:

    Oil fired off furnace with 600 gallon storage tanks, one 17 years old the other new in 2011

  • Laundry:

    No commercial laundry, guest laundry with 2 washers and 3 dryers

  • HVAC:

    Roof Top units with central control, 17 years old, Two Peerless oil fired furnaces

  • Water/Sewer:

    Municipal

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Market Data Description:

The Mt. Washington Valley spans over 25 towns from Fryeburg, Maine to Jackson, New Hampshire, Chocorua to Gorham and every town between Crawford and Pinkham Notch. It’s your home away from home, ensuring that you will enjoy the comforts of what you’re used to and more while you’re staying with us. We have hundreds upon hundreds of things to do and so many great places to stay and dine while you’re doing them!


With cozy inns and B&B’s, motels and hotels, fully-functioning resorts, campgrounds and vacation rentals, you will always be taken care of. Dining is no different. Food in the Valley is prepared fresh and restaurants are always trying to use local products and the ambience, service and recipes of the Valley are unique unto themselves. Enjoy any kind of dish from India to the Southwest. Thai, gluten-free, all-natural, Italian, Mexican, Chinese, après-ski, family friendly and fine dining are all right outside your door when you visit. Coffee shops, cafes and delis are perfect for a relaxing meal with a friend or a book or to take-away for a picnic during your daily adventures!

Lodging and dining in the Mt. Washington Valley also provide hospitality for your every need. If you have a four-legged and furry extended family that’s not a problem. Many accommodations welcome your pets with open arms. Restaurants and lodging properties aren’t just pet-friendly, they’re environmentally friendly as well! If you’re in town looking for farm-to-table, all natural and organic or a place that uses only environmentally friendly products throughout their establishment.

Mount Washington Valley
Story Land
Cranmore Mountain Resort
Attitash Ski Resort
Jackson Village and Ski touring Center
IMS Rock climbing school
Saco river canoeing
Settlers Green Village Retail Complex
North Conway Golf Club
Zebs country Store
  • Two Outdoor Pools, one for children both nicely landscaped
  • Two Hot Tubs
  • Cozy lounge and dining area ( not currently in use)
  • Recreation room
  • Attractive Lobby with Fireplace
  • Guest Laundry
  • Tennis court
  • Outdoor childrens play area
  • attractive owner's/managers residence
  • Exercise room with Treadmill, Bowflex, upright bicycle,
  • Avaya telphone system 4
  • 3500 gallon underground oil storage approved and installed May 1993, double lined and all up to code
  • 32 inch flat screen televisions
  • Telephone
  • Stove
  • Microwave oven
  • Refrigerator
  • Toaster and coffee makers
  • Dishes and Glasses

Local Competition Description:

The Mt Washington Valley is one of the most active resort areas in the Northeast and therefore has an abundance of hospitality properties from resort hotels to franchised hotels, resort Inns, motels and B and B's. There is much to choose from and we have listed some of the properties that due to location, size style etc. may be most likely market competitors.

Quality Inn
Golden Gables Inn
Briarcliff Motel
Colonial Motel
Cranmore Inn
Eastern Slope Inn

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About

Our team welcomes you to the Wason Associates Hospitality Real Estate Brokerage Group web site. Here you will find relevant and up to date information on the market, review current transactions, learn about our services and most importantly review hotels offered for sale.

Contact

Wason Associates
One New Hampshire Ave, Suite 125
Portsmouth, NH 03801
Phone: 603.766.4982
www.hospitalityrealestate.com
info@hospitalityrealestate.com