Vol.41, No.47
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W E E K O F M O N D A Y, N O V E M B E R 2 5 , 2 0 1 9
THE REGISTRY REVIEW NEW HAMPSHIRE’S STATEWIDE REAL ESTATE & FINANCIAL NEWSPAPER A Publication of The Warren Group
WEEKLY SALES OF NOTE
BEACHFRONT OUTLOOK
Do Hotels Have a Future on Hampton Beach?
Winchester ROUTE 119 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $6,000,000 B: Keeney Holdings LLC S: Keeney Manufacturing Co
Two Prominent Landowners Place Big Bets Amid Condo Boom
Alton
BY JAY FITZGERALD
ROUTE 11D. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,900,000 B: Andrew H Palmer & Amy D Palmer S: Kelly L Ovitt-Puc Tr, Tr For Woodhaven T Use: Accessory Land Improved, Lot: 125017sf
SPECIAL TO THE REGISTRY REVIEW
26 MERRIMAN POINT ROAD. . . . . . . . . . . . . . . . . . . . $3,525,000 B: Jon Karlen & Frances Karlen S: Virginia H Armstrong Tr, Tr for Virginia H Armstrong RET
Nashua 436 AMHERST ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . $3,025,000 B: Denali-Morgan Rlty Hldgs S: 436 Amherst LLC Mtg: Peoples United Bank $2,625,000 Use: Office Bldg-general, Lot: 121968sf
Concord 12 INTEGRA DR. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,900,000 B: Mark P Lefebvre Tr, Tr for Mark P Lefebvre RET 1997 S: John Dapergolas Use: Auto Other, Lot: 163786sf
Nashua 15-17 RAILROAD SQ. . . . . . . . . . . . . . . . . . . . . . . . . . $2,200,000 B: JHT Properties LLC S: Green Realty LLC Mtg: NBT Bank NA $1,760,000 Use: Mixed Use-prim Comm & Resd, Lot: 7100sf
Boscawen 169 KING ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,800,000 B: 169 King St NH LLC S: Boscawen DG LLC
Center Harbor 11 SKYWATCH RD. . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,700,000 B: Michael R Geier & Tracy C Geier S: George R Maynard Tr, Tr for George&Debra Maynard FT Mtg: Mascoma Bank $1,300,000 Use: 3 Bdrm Customdesign, Lot: 543629sf
Manchester 716 S WILLOW ST. . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: 716 South Willow Dev LLC S: Martins Management Assoc
Hanover 30 S MAIN ST U:1. . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,500,000 B: 261 Holdings LLC S: RDPT LLC Mtg: Ledyard Natl Bk $750,000 Use: Retail Condo, Lot: 2774sf
4,500 4500
8000 7000 5000 4000 2000
T
Refinance Purchase
2,250 2250
Dec. Jan. Feb. MarchApril May June July Aug. Sept. Oct. Nov. Dec.
1,500 1500 750 750
00
Sept. Oct. Oct. Nov. Nov. Dec. Dec. Jan. Jan. Feb. Feb. Mar. Mar. Apr. Apr. May May June June July Jul. Aug. Aug. Sept. Sept. Sept. ’18
’19
4000 4,000 6000
BothMonth
Both
5000
3200 3,200
Purchase
3000 2000
Refinance
Both
Sept. 2015
1,152
1,892
3,044
Sept. 2016
1,179
2,320
3,499
Sept. 2017
1,367
1,892
3,259
Sept. 2018
1,227
1,563
2,790
Jan. 15
Jan. 16
Jan. 17
Jan. 18
Jan. 19
1600 1,600 800 800
00
Sept. 2019
1,365
2,607
3,972
Refinance Purchase
1000
2400 2,400 0
Purchase
Refinance
4000
Sept. 15 Sept. Sept. Sept.16 Sept. Sept.17 Sept. Sept.18 Sept. Sept.19
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TO OUR READERS
3,000 3000
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TRANSACTIONS THRU 1000
3 Belknap ���������������������������� 11/12/19 4 Carroll ���������������������������� 11/12/19 4 Cheshire ������������������������ 11/12/19 4 Coos �������������������������������� 11/12/19 5 Grafton ���������������������������� 11/12/19 6 Hillsborough ������������������ 11/12/19 8 Merrimack ���������������������� 11/12/19 9 Rockingham ������������������ 11/12/19 11 Strafford ������������������������ 11/12/19 11 Sullivan �������������������������� 11/12/19 12 Bankruptcies 12 Lien & Attachments 13 Foreclosure, Mortgagee & Other Lien Auctions 13 Requests for Bids & Proposals
No figures are available on the number of old hotels that have closed in recent years, after once thriving during Hampton Beach’s honkytonk heyday in the 1940s, ’50s and ’60s. Some put the number of closed hotels and motels at about eight or more over the past decade, alone. Most agree the biggest challenge for hotels and drive-up motels on Hampton Beach is the fact the area is only a seasonal destination for many travelers, with a five-month window of business during the late spring, summer and early fall.
Both
3,750 3750
6000
REAL ESTATE RECORDS
properties – as early-stage gentrification appears to be hitting Hampton Beach. Among them: Hampton Beach investor Terry Daidone, who recently bought the Mari-Anne Motel at 2 Ocean Blvd. and plans to renovate and expand the facility, according to published reports. The recent moves by Fleury, Lupoli and Daidone come at a time when a number of old Hampton Beach hotels and drive-up motels – many of them built in the first half of last century and allowed to deteriorate over the years – have been closed, torn down and replaced by condos, parking lots and occasionally by new commercial facilities.
Number of Mortgages for Single-Family Homes
68 SUNSET POINT RD. . . . . . . . . . . . . . . . . . . . . . . . . $1,499,000 B: Christohper Edwards & Kasey Edwards S: Bertrand H Sommer Jr Tr, Tr for Sommer FT
PG COUNTY
Even though Hampton Beach has lost around 60 hotel rooms per year for the last five years to condominium developments, two major landowners think the village’s hotel market is underserved.
New Hampshire Market Statistics
Wolfeboro
INDEX
Photo courtesy of VanGugi / CC BY 2.0
D
espite the recent closure of a slew of hotels in Hampton Beach, a handful of prominent businessmen are betting that what the famed resort community needs is … more hotels. Al Fleury, owner of a number of bars and restaurants at Hampton Beach and elsewhere in the state, has already started the complete gutting of the old Colonial Motel at 46 Ashworth Ave., after purchasing the rundown beachfront motel earlier this year at auction for $930,000. If all goes well, Fleury hopes to re-open the “completely new look” Colonial next summer, with the same number of rooms, or 47 units, along with more modern amenities, possibly including a new swimming pool. Meanwhile, Sal Lupoli, owner of the Hampton Beach Casino, says he’s putting the finishing touches on plans for a “major redevelopment” of the once-grand property, located at the very heart of the beachfront area, into a mixed-used complex that would include a refurbished entertainment venue, retail and restaurant space, new offices, apartments, condominiums and hotel rooms. Lupoli, a major developer in both New Hampshire and Massachusetts and founder of the Sal’s Pizza chain, said he hopes to unveil plans for the 500,000- to 700,000-squarefoot redevelopment project within the next 12 months, if not sooner. Others are seeing the value of restoring and modernizing some of Hampton Beach’s older loding facilities – as well as other commercial
Sandwich
’19
❑ Statistics based on single-family home sales ❑ Source: The Warren Group
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he Registry Review is online! After more than 40 years as a printed newspaper, all of the real estate information you rely on is now available at Both www.theregistryreview.com. (There are no Refinance plans to cease publication of the newspaper.) All current subscribers Purchase have complimentary access to the website. When you first visit the site, please click the “forgot password” button to set up your account. If you have any problems please call or email customer service at 617-896-5388 or customerservice@thewarrengroup.com. If you have any feedback or would like to contribute content, please email editorial@ thewarrengroup.com. Sincerely, Cassidy Norton Associate Publisher The Warren Group