The Balsams Grand Resort Hotel Explained

44.8706°N -71.3078°W

The Balsams
Location:NH 26, Coös County, New Hampshire, 10 mi. E of Colebrook
Nearest City:Dixville Notch, New Hampshire
Built:1875
Added:March 13, 2002
Refnum:02000166

The Balsams Grand Resort Hotel is a grand hotel and ski resort located in Dixville Notch in New Hampshire, United States. It has been closed since 2011. The resort grounds cover 11000acres and feature 95km (59miles) of cross-country ski trails, an alpine ski area with 16 trails, five glade areas and a terrain park. There is also a nine-hole golf course and an 18-hole championship course called "Panorama" which was designed by Donald Ross.

History

Located along the old Coös Trail, now Route 26, through Dixville Notch, it first opened just after the Civil War as the Dix House, a 25-room summer inn established by George Parsons. In 1895, it was purchased by Henry S. Hale, a Philadelphia inventor and industrialist[1] who had been a regular guest. He renamed it "The Balsams", and over time enlarged and augmented the facilities. In 1918, Hale completed the Hampshire House, the towering wing which doubled the resort's capacity to 400 guests.[2]

The Ballot Room of The Balsams is where Dixville Notch's presidential primary votes are cast just after midnight on the day of the New Hampshire primaries since the 1960s. These votes cast by Dixville Notch residents are among the first to be cast, counted, and reported nationally.[3]

Current operations

In December 2011, The Balsams closed to the public after being purchased by new owners for $2.3 million, and remains closed as of January 2021 as its owners continue to seek financing for their redevelopment and expansion efforts.[4] [5] In 2014, former American Skiing Company head Les Otten joined the Balsams redevelopment effort.[6] Included in Otten's current plan is a massive expansion of the ski area to around 1,000 acres and the addition of multiple lifts, including a year-round gondola to the summit and a lift connection across Route 26 to the hotel complex.

The expanded ski area would be quadruple its current size and be one of the largest ski areas in the Northeast. Plans call for the renovation of the main hotel buildings, the Dix and Hampshire houses, as well as a new hotel wing, and renovations to the golf course clubhouse. The plans call for the conversion of a portion of the existing buildings from hotel rooms to condominiums as well as the potential construction of additional condominium units.[7]

Otten has stated that the project to redevelop the hotel and resort would cost an estimated $170 million.[8] After years of effort by the owners of the property, New Hampshire Governor Chris Sununu signed the so-called "Balsams Bill" into law in May 2019, allowing the Coös County Commissioners to create a tax increment financing district around the Balsams.[9] Otten seeks to sell $28 million of bonds under the municipal finance structure in order to begin the redevelopment. In 2021, Provident Resources Group, a national nonprofit, agreed to finance the construction of the new hotel.[10] The development team later announced the addition of Goldman Sachs to advance the financing of the project. This led to a surge in real-estate interest, with over 500 pre-sale commitments totaling $30 million by June 2022.[11]

See also

External links

Notes and References

  1. Web site: The Balsams Grand Resort Hotel -- Combining History With Romance . Norm and Lily Goldman . 2004-11-16 . bootsnall.com . 2021-03-28 . https://web.archive.org/web/20160304025845/http://www.bootsnall.com/articles/04-11/the-balsams-grand-resort-hotel-combining-history-with-romance-dixville-notch-new-hampshire.html . 2016-03-04 . dead.
  2. http://www.thebalsams.com/history The Balsams -- A History
  3. News: Goldstein. Richard. Neil Tillotson, 102, First Presidential Voter. 21 January 2011. The New York Times. 5 November 2001.
  4. News: The Eagle-Tribune. Balsams Grand Resort sold. Kathy McCormack . 10 January 2012.
  5. News: New Hampshire Union Leader. Balsams ownership puts historic grand hotel and resort up for sale. Koziol, John . 11 February 2020.
  6. News: Damiano . Michael . Les Otten's Last Resort . . 2017-01-15 . 2018-11-26 .
  7. News: New Hampshire Public Radio. Special Series: A Closer Look at The Balsams Redevelopment. Jensen, Chris . 11 February 2020.
  8. News: Timmins . Annmarie . Can the Balsams, in all its nostalgic splendor, be saved? . . 2018-11-26 .
  9. News: New Hampshire Business Review. Governor signs 'Balsams bill'. Feingold, Jeff . 11 February 2020.
  10. Web site: Otten Outlines New Plan to Rebuild Balsams Resort. December 10, 2021.
  11. Web site: The Balsams: Good Progress Made and Great Things Ahead. June 17, 2022.