CONWAY — Red Jacket Mountain View in North Conway was sold Monday by the Davenport Companies of South Yarmouth, Mass., to affiliates of the New York-based company EOS Investors LLC along with five other Red Jacket properties on Cape Cod.
Although the sale price or terms of the sale between the two private companies was not divulged, real estate insiders put the price for the entire six-property package at well over $100 million.
kAm%96 D2=6 @7 #65 y24<6E #6D@CED 5@6D ?@E :?4=F56 E96 q=F6 #@4< v@=7 r@FCD6 :? $@FE9 *2C>@FE9 @C 2?J @7 E96 @E96C 4@>A2?:6D @H?65 2?5 @A6C2E65 3J %96 s2G6?A@CE r@>A2?:6D[ E96 4@>A2?J D2:5 %F6D52J :? 2 AC6DD C6=62D6]k^Am
kAm“%96 564:D:@? E@ D6== #65 y24<6E #6D@CED H2D >256 27E6C 2 42C67F==J E9@F89E\@FE AC@46DD E92E 6?DFC6D E96 4@?E:?F65 DF446DD @7 E96 A@AF=2C #65 y24<6E 3C2?5[” D2:5 s6(:EE s2G6?A@CE[ rt~ @7 %96 s2G6?A@CE r@>A2?:6D[ H9:49 92D @H?65 #65 y24<6E #6D@CED D:?46 :ED 4C62E:@? :? `hf_]k^Am
kAm“t~$ w@DA:E2=:EJ 92D D9@H? 2 4@>>:E>6?E E@ AC@G:5:?8 E96 D2>6 9:89\BF2=:EJ C6D@CE 6IA6C:6?46 #65 y24<6E #6D@CE 8F6DED 92G6 4@>6 E@ 6IA64E 7@C 564256D[” 96 D2:5]k^Am
kAms2G6?A@CE E92?<65 6>A=@J66D H9@ 92G6 H@C<65 @G6C E96 J62CD E@ >2<6 :E 2 =6256C :? E96 9@DA:E2=:EJ :?5FDECJ] “~FC E62> >6>36CD H9@ >2<6 FA @FC 72>:=J 2E #65 y24<6E #6D@CED 92G6 2=H2JD 366? E96 <6J E@ @FC DF446DD[ 2?5 H6 E92?< E96> H9@=6962CE65=J 7@C E96 564256D @7 D6CG:46 E92E >256 FD H9@ H6 2C6[” D2:5 s2G6?A@CE]k^Am
kAmp44@C5:?8 E@ E96 AC6DD C6=62D6[ E96 s2G6?A@CE r@>A2?:6D H:== 4@?E:?F6 E@ @H? 2?5 @A6C2E6 q=F6 #@4< v@=7 r@FCD6[ %9:CH@@5 !=246 D6?:@C =:G:?8 :? $@FE9 *2C>@FE9[ r2A6 r@5 u6?46 r@] @? r2A6 r@5 2?5 @E96C AC@A6CE:6D]k^Am
kAm|2EE !:EE2[ s2G6?A@CE r@>A2?:6D ‘5:C64E@C @7 AF3=:4 C6=2E:@?D E@=5 E96 $F? %F6D52J E92E 2== 6>A=@J66D 92G6 366? C6E2:?65 2?5 E96:C :?G6DE>6?E A@CE7@=:@D H:== 36 DH:E4965 E@ E96 ?6H 4@>A2?J]k^Am
kAmp44@C5:?8 E@ :ED H63D:E6[ t~$ x?G6DE@CD :D 2 “7F==J :?E68C2E65 :?G6DE>6?E 7:C> 565:42E65 E@ :56?E:7J:?8 2?5 4C62E:?8 G2=F6 H:E9:? E96 9@DA:E2=:EJ D64E@C]”k^Am
kAm%96 4@>A2?J H2D 7@F?565 :? a_`f 3J y@?2E92? (2?8]k^Am
kAmp>@?8 E96 AC@A6CE:6D :? :ED A@CE7@=:@ 2C6i {’tC>:E286 q6G6C=J w:==D :? r2=:7@C?:2[ E96 w2>:=E@? w@E6= :? (2D9:?8E@?[ s]r]j E96 z6??63F?<A@CE #6D@CE r@==64E:@? :? |2:?6j 2?5 ~462?D t586 #6D@CE 2?5 |2C:?2 :? z6J (6DE[ u=2]k^Am
kAm%96 A6?5:?8 D2=6 @7 E96 #65 y24<6E 7@==@HD E96 62C=J a_`h D2=6 @7 E96 #65 y24<6E’D D:DE6C AC@A6CEJ[ E96 u@I #:586 #6D@CE @7 }@CE9 r@?H2J[ E@ pD9@< !2E6=[ @7 y2>D2? |2?286>6?E[ 2=D@ E96 56G6=@A6C @7 E96 C646?E=J @A6?65 w@>6a$F:E6D w@E6= 3J w:=E@? :? }@CE9 r@?H2J]k^Am
kAm%96 #65 y24<6E 92D 366? 2 7=28D9:A AC@A6CEJ 2E@A $F?D6E w:== 7@C d_ J62CD] xE H2D 3F:=E 2D 2 `__\C@@> 9@E6= 3J !2=>6C “!6E6” s2G6?A@CE — 72E96C @7 s6H:EE s2G6?A@CE — 2?5 s2G:5 |F82C @7 E96 #65 y24<6E x??D @7 r2A6 r@5[ H:E9 4@?DECF4E:@? DE2CE:?8 :? ~4E@36C `hf_]k^Am
kAmxE @A6?65 @? yF=J c[ `hf`[ @? E96 D:E6 @7 E96 q:C49>@?E[ H9:49 52E65 324< E@ `gh_ 3FE 3FC?65 :? u63CF2CJ `hf_]k^Am
kAm%96 s2G6?A@CE 72>:=J 24BF:C65 E96 7@C>6C q:C49>@?E x?? :? }@CE9 r@?H2J[ 2?5 3682? 4@?DECF4E:@? @7 E96 #65 y24<6E |@F?E2:? ':6H |@E@C x?? :? ~4E@36C `hf_]k^Am
kAm}@H <?@H? 2D E96 #65 y24<6E |@F?E2:? ':6H #6D@CE[ E96 c_[___\DBF2C6 7@@E z29F?2 {28F?2 (2E6CA2C< H2D 25565 E@ E96 AC@A6CEJ :? a__g]k^Am
kAmxED $F?D6E w:== AC65646DD@C[ E96 q:C49>@?E[ H2D 3F:=E 3J !2JD@? %F4<6C[ EC62DFC6C @7 E96 !@CE=2?5 U2>Aj ~856?D3FC8 #2:=C@25] xE H2D @H?65 7@C a_ J62CD 3J }@CE9 r@?H2J 7:?2?4:6C w2CG6J s] v:3D@? W`gga\`hd_X 2D 2 AC:G2E6 “q:C49>@?E r=F3” C6EC62E 7@C >2=6 6>A=@J66D @7 9:D |2?F724EFC6CD %CFDE r@] @7 }6H *@C< r:EJ H9:=6 76>2=6 6>A=@J66D H6C6 9@FD65 :? H92E :D ?@H E96 |2C46==@ qF:=5:?8 :? }@CE9 r@?H2J]k^Am
kAm{@?8E:>6 42C6E2<6C y@D6A9 q:C49 24BF:C65 :E :? `hdd 2?5 C2? :E 2D 2 DF>>6C :??[ 244@C5:?8 E@ y2?6E w@F?D6==’D 3@@<[ “r@?H2J[ }6H w2>AD9:C6i `fed\`hhf[” 27E6C H9:49 :E H2D AFC492D65 3J E96 z?2AAD[ H9@ 925 @H?65 E96 rC2?>@C6 |@F?E2:? {@586 :? z62CD2C86]k^Am
kAmp44@C5:?8 E@ w@F?D6==[ 3J `hfd[ ad >@C6 C@@>D H6C6 25565 E@ E96 q:C49>@?E 2?5 E96 q:C49>@?E %2G6C? !F3 H2D 6DE23=:D965 :? E96 7@C>6C 42CC:286 9@FD6 @? E96 AC@A6CEJ]k^Am
kAmp?@E96C >2;@C 255:E:@? E@@< A=246 :? `hhc[ 255:?8 e[d__ DBF2C6 766E @7 DA246] %96 C6D@CE 2=D@ 762EFC6D `a E@H?9@FD6D]k^Am
kAmsFC:?8 E96 J62CD E96 '@=G@ x?E6C?2E:@?2= %6??:D %@FC?2>6?E H2D A=2J65 2E rC2?>@C6 W`hfd\gcX[ E96 #65 y24<6E 9@DE65 D6G6C2= A=2J6CD’ 2?5 DA@?D@CD’ C646AE:@?D] %96 C6D@CE 2=D@ 3642>6 2 7@42= A@:?E @7 4@>>F?:EJ 7F?4E:@?D]k^Am
kAmx? DAC:?8 a_`h[ 2== `d_ C@@>D 2E E96 C6D@CE H6C6 C6?@G2E65[ 244@C5:?8 E@ k2 9C67lQ9EEAi^^C65;24<6EC6D@CED]4@>QmC65;24<6EC6D@CED]4@>k^2m]k^Am
kAmt2C= (2D@? @7 (2D@? w@DA:E2=:EJ pDD@4:2E6D @7 !@CED>@FE9[ 925 ?68@E:2E65 E96 u@I #:586 D2=6[ 2 AC@A6CEJ 25;246?E E@ E96 #65 y24<6E]k^Am
kAmpD<65 E@ 56D4C:36 E96 E6>A@ @7 E96 9@E6= :?5FDECJ @G6C E96 A2DE EH@ J62CD[ (2D@? D2:5 9@E6= AC@A6CE:6D :? FC32? 2C62D 2C6 9FCE:?8 3642FD6 @7 r~'xs — 3FE C6D@CE AC@A6CE:6D :? 56DE:?2E:@? C6D@CE 2C62D DF49 2D }@CE9 r@?H2J 2C6 3@@>:?8]k^Am
kAmw6 D2:5 9:D 3FD:?6DD :D D66:?8 E96 9:896DE D2=6D G@=F>6 :E 92D 6G6C 6IA6C:6?465]k^Am
kAm“|@DE 9@E6=D :? 56DE:?2E:@? C6D@CED 5:5 4@?D:56C23=J H6== :? a_a` 2?5 :? D@>6 42D6D 36EE6C E92? AC6\r~'xs 52JD :? a_`h[” (2D@? E@=5 E96 $F? =2DE H66<]k^Am
kAm“w@E6=D :? FC32? 2C62D E9C:G6 @? 4@CA@C2E6 3FD:?6DD 2?5 4@?76C6?46D[ 2?5 E92E E@@< 2 9:E :? a_a_ 2?5 E92E 3FD:?6DD :D H6== F?56C a_`h’D ?F>36CD[” D2:5 (2D@?[ 7@C>6C=J @7 r9@4@CF2 2?5 ?@H @7 |6C65:E9]k^Am
kAm“!6@A=6 =:<6 A6CD@?2= :?E6C24E:@?D[ 9@H6G6C[ D@ x E9:?< E92E 3FD:?6DD H:== 4@>6 324<[ 6G6?EF2==J 3FE ?@E 7@C 2 H9:=6]”k^Am
kAmw6 4:E65 E96 =@H :?E6C6DE C2E6 6?G:C@?>6?E 2?5 E96 A@DD:3:=:EJ E92E 42A:E2= 82:?D E2I6D 4@F=5 36 :?4C62D65 :? a_aa 3J E96 q:56? 25>:?:DEC2E:@? 2D 5C:G:?8 E96 >2C<6E]k^Am
kAm“%96 >2C<6E C:89E ?@H 92D 2 =@E @7 >@?6J 492D:?8 9@E6= EC2?D24E:@?D] %96C6 :D 2 =@E @7 :?E6C6DE 7C@> >F=E:A=6 4@>A2?:6D 2?5 :E :D 4C62E:?8 AC6DDFC6 E@ 86E 9:896C AC:46D] tG6CJE9:?8 92D E@ 4@>6 E@86E96C] xE 2== >2<6D :E 2 G6CJ 2EEC24E:G6 6?G:C@?>6?E E@ 36 2 D6==6C[” D2:5 (2D@?]k^Am
(3) comments
Always enjoyed working with Pete and Dewitt back in my consulting days — a wonderful company staffed by terrific folks. Retired for almost 20 years here in sunny Florida, I admit I miss those visits to beautiful N. Conway. I trust this was a good move for all.
As a subcontractor for all of the Red Jacket Resorts for 40 years, I'm reminded of this adage: times change, things change. Good luck to the new owners.
... and way back in 1980 on a bitterly cold winter day I stopped into the Birchmont Tavern to warm up and grab a cup of coffee when Pete Davenport walked in and explained to the waitstaff that he had an idea that may increase the lunch business. He stated that the cost of a cup of the homemade soup of the day during the winter would be based on the outside temperature when the tavern opened for lunch. Then someone asked him what the cost of the soup would be if the outside temperature was below zero. He immediately declared that the soup would be free and I'm not paying anyone to eat my soup! Everyone laughed. Funny what you remember.
Welcome to the discussion.
Log In
Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.