Latest News

7/26 Jericho ATV Festival is just days away

      The urban complex is defined as endi...

United Way thanks many with array of awards

United Way thanks many with array of awardsby Gail ScottBERL...

School district struggling to cut budget

BERLIN – Superintendent of Schools Corinne Cascadden said th...

Grenier endorses Cryans

Berlin – Mike Cryans' campaign for Executive Council has rec...

The kids take over - Scoggins Cool Shack is under new m…

By Gail ScottGORHAM—Scoggins Cool Shack is under new managem...

A+ A A-

Balsams Resort announces agreement with Les Otten

DIXVILLE NOTCH - The ownership group of the Balsams Grand Resort in Dixville Notch, New Hampshire, is pleased to confirm that it has entered into agreement with Dixville Capital, LLC, a company owned by Les Otten, to establish a viable path forward for the redevelopment of the Balsams.

Closing the transaction is contingent on a number of conditions to be worked out with interested third parties.
In announcing the agreement, Dan Dagesse and Dan Hebert, the principals behind the Balsams Grand Resort, and who will continue as stakeholders, said, "Les Otten has built some of the best resorts in the United States, saved Fenway Park and has made northern New England his home for the past 42 years. Dixville's unique and majestic location offers great potential, and this agreement represents a first step in securing a move forward for the North Country's economy."
"The opportunities at the Balsams are significant," Otten said. "There are few recreation sites in North America that have such strong potential for visitors over all seasons. There's a relatively short time table for moving forward and many hurdles to clear, but preliminary discussions are promising."
Otten said talks are preliminary, focusing on big concepts as opposed to specific details.
"We are not prepared to discuss development plan details at this time because we are still working through fluid concepts. We are working together and combining our resources to look at creative ideas toward restoring the Balsams as a true word class resort that will create new jobs and invigorate the North Country's economy," Otten said.

Facebook Fans - Join The Conversation

The Berlin Daily Sun - All Rights Reserved

Privacy Policy

Powered by BENN a division of the Pittsburgh Post-Gazette