The Olympia Companies Acquire The Golden Gables Inn in New Hampshire

USA, North Conway, New Hampshire. August 05, 2022

The Olympia Companies has announced that it has purchased and will operate the Golden Gables Inn in North Conway, in the heart of the dramatic Mt. Washington Valley in New Hampshire. The property will be operated by Olympia Hotel Management.

The 66-room property is situated along the bustling White Mountain Highway and is the third hotel in Olympia's portfolio of properties in the White Mountains. The company currently manages the adjacent Hampton Inn & Suites North Conway as well as The Glen House, located at the foot of Mt. Washington.

"Like many leisure destinations, North Conway and the White Mountains have enjoyed tremendous popularity since the pandemic," said John Schultzel, Chief Growth Officer of The Olympia Companies. "This represents an ideal opportunity to expand our footprint in a destination we have come to know well and believe in."

Golden Gables Inn features a rare combination of mountain views paired with convenience and easy access to the restaurants, shops, and outlets that have long defined North Conway. Family-owned for many years, the Golden Gables Inn is known for its quality accommodations with the added personal touch and value of a family-owned business. It joins The Olympia Companies with an established reputation for excellence in the market and currently has a Tripadvisor Travelers' Choice 2022 award.

The Golden Gables Inn has 66 rooms, with configurations including single king beds, double queen beds, suites or in-room Jacuzzi and fireplace units. All rooms are new or recently remodeled. The property grounds are spacious with an outdoor seasonal pool, hot tub, fire pit and mountain views.

In summer and fall, outdoor options include golf, hiking in the White Mountains, riding the Conway Scenic Railroad, outdoor adventures at Great Glen Trails Outdoor Center, and driving to the highest point in the northeast on the Mt. Washington Auto Road. Those with children can enjoy the proximity to Story Land and Santa's Village.In winter, North Conway is the historic ski capital of New Hampshire. It's a short drive from Golden Gables Inn to Wildcat Mountain Resort, Attitash Mountain Resort, Cranmore Mountain Resort and Black Mountain Ski Area. There are snowmobile trail access at Northern Extremes and cross country skiing at Bear Notch Ski Touring Center and Jackson Ski Touring Foundation.

"Olympia looks forward to capitalizing on this great hotel history with thoughtful upgrades that will be relevant and refreshing for the next generation of travelers to the Valley," said Schultzel. "The Golden Gables Inn is part of Olympia's selective process for acquiring quality assets during a very busy period of transactions in leisure markets."

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Hotel Group Meetings: The Great Outdoors


There is some welcome good news in the Hotel Group Meetings sector. There seems to be a resurgence in activity - across all sectors and all sizes - from small board meetings to large in-person groups. However, hotels must remain flexible and proactive, as they seek to provide venues and programs that are productive, comfortable, and safe to all parties. One major development is the expansion of outdoor meeting activities. This trend not only serves to meet regulatory health standards, but it also promotes an environment of well-being. According to a recent study from WorldHealth.net, spending just 29 minutes outdoors can result in a 45% increase in productivity; and 63% of employees reportedly felt invigorated after being in fresh air. Combined with guided physical activities and healthy food and beverage offerings, a sense of wellness and productivity are established. The September Hotel Business Review will report on what some hotels are doing to accommodate the revitalization of group meeting business in their operations.