The Ragged Mountain Resort currently consists of a ski area and a 18-hole championship golf course that now stretches across 2,100 acres of land. The ski resort contains seven lifts and two lodges. Its ski lifts provide access to two peaks and 45 trails. One lodge provides service to day skiers with a cafeteria, food service, lounge, bar, and pizza restaurant, while the second lodge is used for administrative purposes, ski rentals, ski schools and ski patrols. At the base of the mountain lies our 18-hole golf course which stays open from May to October.
Proposed New Four Season Lodge & Spa
We are now raising $35 million in investment capital to significantly enhance the capacity, accommodations and services of Ragged Mountain Resort. $24.4 million will be spent expanding and upgrading the ski resort including adding a new ski lift, snowmaking equipment, trail work and grooming; and enhancing the resort’s summer activities by adding a Mountain Coaster, mountain bike course, hiking trails, and golf course improvements.
The balance of $10.6 million is designated for a new lodge including the redevelopment and construction of a 40 unit hotel, condominiums, mechanical and common areas, dining area, spa facility, retail shop, expanded rental area and administration offices. The redevelopment and expansion of these projects are scheduled to commence upon receipt of the required investment capital and be completed in 24 months to ensure the required job creation to secure our immigrant visa investors permanent Green Cards.
A Qualified Investment for Qualified EB-5 Investors
Ragged Mountain Resort is a proven successful business giving immigrant investors the opportunity to participate in an extensive development expansion of its year-round accommodations and services. We are offering 99% ownership in a limited partnership in exchange for $35 million that will fund this component of our master plan – a project which has secured the support of the New Hampshire EB-5 Regional Center and is an EB-5 approved investment. Your funds would be used to increase the resort ski lift capacity to support 30% more skiers; construct a destination lodge, condominiums and spa; build a premier Mountain Coaster attraction; create a nationally ranked mountain biking trail system; and expand numerous activities such as swimming, tennis, kayaking, and miles of hiking trails.