Bringing Buyers and Sellers

            New Hampshire Business Sales announces the sale of 1848 Inn and Resort, a landmark Weirs Beach hospitality property located on Route 3.

            Carl and Kathy Daniels, who have owned the property since the early 2000s, decided to sell their popular resort property to pursue other interests. The buyer will be making his own announcement in the future.

            During their management, the Daniels made many improvements and helped to preserve the resort’s strong connection with Lakes Region visitors, attracting repeat visitors through the various seasons of the year. The resort consists of a motel segment, cabin, modular home, duplex and main house.

            “This is a traditional hospitality property in a good location and potential for growth,” commented business intermediary Mike LaPierre, the New Hampshire Business Sales associate who brokered the sale.

            The close proximity to Weirs Beach and Lake Winnipesaukee was of major interest to prospective buyers who considered the acquisition opportunity.

            “Our marketing efforts for this kind of property continue to attract a new generation of buyers,” said John Howe, vice president of NHBS. “We continue to be bullish on the hospitality sector. The recent economy has been challenging, but New Hampshire continues to attract visitors who seek opportunities to swim in our lakes, hike in our mountains and kick back and relax with their families.”

            The 1848 Inn and Resort is one of a dozen lodging and hospitality companies currently being offered by the statewide business brokerage. They range from a $2 million resort with lake frontage to a Victorian inn with beautifully restored rooms. More details can be found at the company website.

            “Many lodging establishments continue to do very vibrant business even during slow economic times,” said NHBS President Leon Parker. “While one generation is moving on to retirement or different careers, another takes the helm with their own ideas and goals.”

            Parker noted that for owners, lodging and hospitality establishments offer a good lifestyle where the owner gets to live where others play. Owners have the opportunity to develop lasting relationships with people who often return year after year for special occasions, ranging from anniversaries to vacations.

            New Hampshire’s Lakes Region and White Mountains continue to be a major draw for domestic visitors as well as an increasing foreign tourism market. Independent lodging establishments are often preferred by foreign visitors who like the more intimate settings they offer.

            LaPierre said the Daniels will assist in a smooth transition with the new owner as the operation will maintain the same care and service it has been known for providing through the years.  He has been selling businesses for over 25 years.