DC – Balsams Grand Resort Hotel Redevelopment – New Hampshire - Project Profile
"DC – Balsams Grand Resort Hotel Redevelopment – New Hampshire - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Dixville Capital, LLC (DC) is planning to redevelop the Balsams Grand Resort Hotel in New Hampshire, the US.
The project involves the redevelopment of a resort and will be developed in phases.
It includes the construction of 1,000 hotel rooms, a conference centre, condominiums, adventure centres, a spa and retreat, parking facilities, the expansion of the ski area and the renovation of existing buildings.
The First phase includes the construction of 500-room hotel and a conference centre, arts centre and open-air marketplace. The value of the first phase is US$143 million.
On March 4, 2015, Senate Public and Municipal Affairs Committee approved US$28 million bonds for the project.
In August 2015, DC submitted a complete Planned Development Sub district Concept Planning application to Coos County Planning Board.
On December 2, 2015, The Coos County Planning Board has unanimously approved the project.
In January 2016, the project is facing delay due to the legislative process in obtaining state-backed bonds.
In August 2016, DC is seeking US$143 million in loans which it needs for the Phase 1 of the project.
NH Business Finance Authority is planning to fund the project.
PolEcon Research of Dover was appointed as the study consultant.
In March 2017, PolEcon Research of Dover conducted a workforce study which is the final report required by the NH Business Finance Authority before it begins considering a $28 million loan guarantee.
Planning activities are underway.
The project involves the redevelopment of a resort in Dixville, New Hampshire, the US.
The US$320 million project includes the following:
1. Construction of 1000 hotel rooms
2. Construction of condominiums
3. Construction of adventure centers
4. Construction of a conference centre
5. Construction of a spa and retreat
6. Construction of arts centre
7. Expansion of ski area
8. Renovation of existing buildings
9. Construction of parking facility
10. Installation of elevators and escalators
11. Installation of safety systems
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