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Posted

Real estate, like everything else, is worth what people will pay for it. Considering the new slope side condos at the Bush are significantly higher than that GSS, I have to imagine that your pricing is pretty conservative. I will be surprised if this gets built as a condo/hotel development. CB initially tried that with theirs, and I think they ended up rehashing the business plan and going all hotel.

 

I am with GSS in thinking that it will likely be an excellent investment for Blue. The hotel will probably be able to break even between ski season and wedding season. I think you'll see the water park be developed shortly after since its in the same area and it will drive more sales/rentals in the off season. I don't know how busy CBs has been, but people nowadays are all about convenience. There are plenty of people with cash that put their kids in seasonal programs that would rent/buy a place because they are weekend warriors who don't want to move their kids but still want to get away. People always say "why get a place there for that amount when...". Those folks that have kids have lives that they might not be able to pick up and leave or have a better option, but still want to be close. We have a patroller who lives in Burlington and bought a place at the mountain because of the convenience. I believe Blue will benefit from this.

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Posted

That was kind of a serious question.

Whats bear do?

Kind of out of the way for a commute so staffing high end hospitality peeps is gonna suck

People who live in the Lehigh valley will work at Blues new condo/ hotel complex. I don't expect their hospitality peeps to rival those of the mandarin oriental or four seasons but likely a step up from the Palmeranians

Posted

The more I think about it the more I wanna see what these condos are about. I think a second tier cable network could do a reality show from blue called $279,000 listing sort of like million dollar listing but more relevant. I'd even get my real estate license to try and get it on that commish.

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