Wason Associates Finishes a Successful Year with Two Prominent Sales

(Portsmouth, NH | March 2, 2022) Wason Associates Hospitality Real Estate Brokerage Group is pleased to announce that the 2021 year was wrapped up with the successful transfer of two spectacular New England properties: the Mountain Edge Resort & Spa located in Newbury, New Hampshire to Cardinal Development on November 4, 2021, and The Shire Woodstock, located in Woodstock, Vermont to Turnstone Ventures on December 14, 2021. These two properties closed out a highly successful year for Wason Associates in which our brokers oversaw the successful transfer of numerous hospitality properties.

Mountain Edge Resort & Spa resembles an Adirondack-style attraction and features 600-1800 square foot one- and two-bedroom luxury hotel suites. The Resort is surrounded by local establishments, all within walking distance, such as: Salt Hill Pub, Bob Skinner’s Ski and Sport, Mount Sunapee Ski Resort, and Mount Sunapee State Park Beach. Noted as “the premiere hotel of the Lake Sunapee region,” the Mountain Edge Resort & Spa is in a pristine corner of New Hampshire that provides the perfect escape from the bustling world. For more than 100 years, visitors have been welcomed in the Sunapee Region, to experience family vacation fun, excitement, luxury accommodations, relaxation and amenities, and Cardinal Development will see a great deal of success year-round with this property.

The Shire offers a variety of 50 guest rooms that boast year-round stunning views of the Ottauquechee River, and is conveniently located within walking distance of downtown Woodstock, where visitors can enjoy a variety of specialty shops and boutiques. Additionally, the hotel sits just a short drive away from local hiking and skiing attractions, providing the perfect setting to relax and unwind after an eventful day outdoors. This mountain resort is also a year-round getaway, with immaculate gardens and picnic areas, where guests can take in the river views and gorgeous natural scenery. Turnstone will have Life House manage the property, which will eventually be rebranded as a local boutique hotel with elevated interiors and finishes, as well as upgraded amenities and unique programming for guests.

“The Wason Associates team is delighted to have been able to facilitate the transfer of these properties, which have stunning locations and amenities, and have been hotspots for hospitality for years,” says Earle Wason, President of Wason Associates. He continued, “the hospitality real estate industry has never been more fruitful, and this trend is expected to continue throughout the new year as more and more travelers begin to desire unique retreats.”