Sea Spiral hotel at Hampton Beach for sale
HAMPTON – The Sea Spiral Suites on Ocean Boulevard is up for sale, as its house owners are seeking to retire immediately after a long time of functioning motels on the seaside.
The hotel, priced at $3.5 million, was constructed in 1920 and bought by proprietors Norm and Sandy Bolyea in 1987. The Bolyeas, who dwell in North Hampton, explained they have been little by little marketing their houses at the beach as they get ready for retirement.
“We’re previous, and I’m weary,” said Norm Bolyea. The Bolyeas also not too long ago bought the Kentville on the Ocean, which was torn down and changed with new condos that opened final 12 months. They still possess the Ships Inn and a pair other motels on B Street and count on to preserve advertising their attributes until they are gone.
“I feel a single a 12 months is about correct,” stated Sandy Bolyea.
The lodge at 449 Ocean Blvd., positioned north of the principal beach and just south of Boar’s Head, options 49 rooms overlooking the ocean and marsh. A person a few-story creating contains 21 suites, when two independent two-tale buildings home 28 motel rooms. The listing touts massive windows with dynamic sights, as very well its location in a “quieter setting” with quick entry to the beach’s boardwalk.
The Bolyeas invested $2.32 million in the lodge soon just after they acquired it, tearing down the 10 authentic cottages in the again of the lodge and changing them with the 21 suites.
Norm Bolyea, an engineer, claimed the structure is nevertheless seem and that the lodge only needs some aesthetic updates.
“We’ve been carrying out this for 50 years,” Norm Bolyea explained. “I’ve liked it.”
The seashore in current decades has found quite a few houses convert above and adjust fingers, such as numerous older inns. Some, like Brownie’s Lodge built on Ashworth Avenue in 1940, have been torn down and replaced with condos. Others have been saved accommodations, like the dilapidated Colony Motel on Ashworth Avenue which was bought by Al Fleury and revitalized as a new resort opening next summer season.
Chuck Rage, a Hampton selectman who also owns the Pelham Resort and other resorts at the beach, claimed he hopes that the customer of the Sea Spiral will retain it as a lodge. He explained condos are a lot easier to make funds for a developer, but that Hampton will want hotels as a tourist spot.
“I hope it would not turn into condos,” Rage claimed. “Hampton is in desperate have to have of accommodations.”