A lakeside family-style resort with 4,000 feet of frontage on Lake Winnisquam may be undergoing a major change in the near future.

The Anchorage Resort was sold last month for $4.165 million to XLV Tilton Resorts, a limited liability company that has its business address listed with the New Hampshire Secretary of State’s office as the Linchris Hotel Corporation of Hanover, Mass.

The contact person for the company is listed as Glenn Gistis, who is the chief financial officer for Linchris. He was not available for comment on the company’s plans for the property.

Linchris is the 137th-largest hotel management company in the country, managing 20 properties with a total of 1,896 rooms. The company has 1,219 employees and annual revenues of $41.6 million.

The 33-acre Anchorage property features 30 cabins, six of them on the lake, and two large houses, the Farm House and the Trapp House, as well as three beaches, a playground area and dock space for boats.

The site is located in a resort commercial zone and is made up of a 10-acre parcel where the Farm House and 30 cottages are located and a wooded 23-acre parcel where the Trapp House is located.

At one time, a restaurant was located on the property but it burned in the 1980s, according to Nellie Bennett, who along with her former husband, Peter Fleischhacker, developed the resort in the mid-1950s.

The Anchorage, with its rustic cottages and lakeside setting, was featured as one of “The Best Bargain Family Vacations in the USA,” in a book published in the 1980s.

Bennett said it is her understanding that the buyers will continue to operate the resort as it has been until they develop new plans for the property, which is not yet linked to the town sewer system.

A little over two years ago, a deal for the property, which was under a purchase and sales agreement with REI Land Development Company of Manchester, fell through.

REI had proposed several options for the property, including subdividing the larger parcel into 14 lots, all of which would have lake frontage, and building luxury homes on those lots.

Other options considered at that time were selling the existing cottages as condominiums or replacing them with modern buildings. Town planning officials had encouraged REI to consider a cluster development, which would place new buildings closer together and preserve open space.

Source: www.unionleader.com

This entry was posted on Sunday, January 28th, 2007 at 3:59 am and is filed under Real Estate, Resort. Tags: Anchorage Chester Condo development Manchester New Hampshire Property Resort restaurant . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.