Lincoln RiverWalk Clears Final Hurdle

. February 17, 2009

LINCOLN, NH, February 17, 2009 - After 3 years of collaboration between the New Hampshire Division of Environmental Services and the U.S. Environmental Protection Agency, the Lincoln Planning Board on January 28 granted approval to InnSeason ResortsTM for the final site plan of its RiverWalk Resort Hotel.

Noted for its four-season vacation experience, and the distinctive red roof of its current InnSeason Resorts South Mountain Hotel property, this newest addition to the Village of Lincoln is to be located adjacent Loon Mountain's newest expansion at South Mountain. It is the centerpiece of a resort complex that includes an appealing mix of resort hotel and timeshare units, and a marketplace of shops and restaurants. The village-style complex is being developed in downtown Lincoln on the site of the abandoned Franconia Papermill.

"The new South Mountain resort area is now officially well underway as a key vacation destination and an economic stimulus for the North Country region," notes Dennis M. Ducharme, RRP, president of InnSeason Resorts. "And with the demolition of the former Franconia Papermill, the Village of Lincoln is realizing the goal of economic revitalization that has eluded the area. This project means even more in today's economy, and we are proud that we have been able to continue to move this project ahead despite the economic state of the country. We remain optimistic about the impact it will have on the local economy and the community."

RiverWalk is planned as a 170-unit mixed-use resort development, located on 25 acres, and will be the only hospitality property in the Loon Mountain area that offers frontage on both the Town's main thoroughfare, Rte. 112 Kancamagus Scenic By-way, and its principal water feature, the East Branch of the Pemigewassett River. The resort features luxury accommodations and amenities, including a 400-seat performing arts theater, and conference center, outdoor four-season pool, a spa and wellness facility, dining, and retail shops. The site is also the current home of the Papermill Theatre, New Hampshire's award-winning professional summer musical theatre, and one of the region's most popular attractions, and an integral component of the resort.

"This development site was designated as a Brownfield Project early on, and has enjoyed a high profile within the State of New Hampshire," continues Ducharme, who has developed other projects in the town for over 15 years. "Our partners at the New Hampshire Division of Environmental Services and the U.S. Environmental Protection Agency have provided both moral and financial support."

The uniqueness of this re-development project can be most readily seen in the Town of Lincoln's whole-hearted endorsement of this effort in its approval of a variance for future buildings to allow for construction of a six-story structure, giving this project the potential to be the tallest building north of Concord, and below the notches.

The site is on the northern bank of the Pemigewassett River, and abuts the proposed site of the Town of Lincoln's 20-acre RiverWalk Recreation Park, which hopes to include: seasonal outdoor performance pavilion; public picnic area; historic walking tour; snowmobile trail hub and automobile parking area; and 6.3-mile hiking/x-c skiing and bike trail.

The project's primary developer will be InnSeason ResortsTM. InnSeason ResortsTM has contracted with the region's premier resort project design and building contractors including: Berard-Martel Architects, Bedford, NH; Hoyle-Tanner Associates, Inc., Manchester, NH; Aries Engineering, Inc., Concord, NH.

InnSeason ResortsTM was created as a regional brand of family-oriented resorts that combine the development and operations expertise of Dennis M. Ducharme, RRP, president; and the marketing resources of Curran Management Services (CMS(R)), and its founder, William E. (Billy) Curran, chief executive officer.

Sales and marketing for the project will be spearheaded by Terry Elsemore, of Fractional Strategies, LLC. With over 20 years experience in the resort real estate industry, Elsemore's primary focus has been large fractional interest condominium hotels. During his tenure, Elsemore has been involved with the development of over 90% of all the existing fractional projects in New England today, specializing in project design, sales and marketing, legal documentation, development planning and project management.

InnSeason ResortsTM is a leading provider of resort vacation and ownership opportunities in the northeast U.S., and delivers "best-in-class" management, advisory and marketing services to resorts and developers nation-wide. Based on Cape Cod, with four regional marketing offices and seven branded resorts, it employs more than 550 people and helps more than 45,000 families go on vacation each year. InnSeason Management, Inc., provides proven, first-class management services to resorts across the Northeast.

For more information, go to www.innseason.com or call 1-866 8-SEASON

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