The Ragged Mountain Resort currently consists of a ski area with seven lifts and two lodges. It has an 18-hole golf course. It's 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 during summer months.
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. The job creating entity is Ragged Mountain, Inc. who will invest $24.4 million, first expanding and upgrading the ski resort including adding a new ski lift, snowmaking equipment, other amenities; and enhancing the resort’s summer activities.
The balance of $10.6 million is designated for a lodge and property including redevelopment by Ragged Mountain Resort Development, Inc. Also included is the construction of hotel/condominium units on land obtained and designated by it, mechanical and common areas, dining area, spa facility, retail shop, expanded rental area and administration offices.
A Qualified Investment for Qualified EB-5 Investors
Ragged Mountain Resort Development Inc. is pleased to offer 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 up to 30% more skiers; construct a lodge, condominiums, along with additional amenities and activities to enhance the customer experience.