Actually for us it was always the area.
Laconia would be Lake Winnisquam - I think a couple exist in the Eastman Drive area, or Weirs Beach. Weirs Beach, I believe is largely already zoned resort/commercial in most of its area.
For Gilford, that would be Glendale and Gunstock - though probably not zoned that way as Gilford has dealt with zoning far less than Laconia.
These are tourist areas that the municipalities hoped would support hotel/motel operations.
Problem is, as an investor with that mindset, I would more likely go for a property that cost less capital than a hotel/motel to get started. Develop the property for the greatest return on capital... and if working well... buy into the next property as economy of scale would begin to take over.
The recent tourism report has the State hovering around $6 billion, most of that occurring in the summer months. So it does bode that the lakes would be a sizable factor along with the seacoast.
|