The Kelby Motel
$2,899,000
Boutique Lakefront Hospitality Investment Opportunity
The Kelby is a fully reimagined 10-unit boutique motel set on 19.5 acres overlooking the pristine waters of Newfound Lake in New Hampshire’s Lakes Region. Blending Nordic-inspired design with elevated, modern hospitality, the property has quickly established itself as a lifestyle destination in just two summer seasons of operation. This is not a light renovation or surface refresh — the current ownership executed a comprehensive redevelopment, rebuilding and expanding the asset with long-term durability, guest experience, and operational efficiency in mind. The result is a turnkey, design-forward hospitality property with proven demand, expanding year-over-year revenue growth, and significant upside potential across events, expanded lodging, and four-season tourism.
10
Units
3
Room Types
4,892
Sq Ft
19.5
Acres
Investment Opportunity
Explore The Property
Why the Kelby
The Kelby represents more than a motel — it is a thoughtfully constructed hospitality platform positioned in one of New England’s most pristine and supply-constrained lake markets.
With major nearby ski redevelopment, world-class summer recreation, fall foliage tourism, and year-round outdoor appeal, the property sits at the intersection of lifestyle branding and long-term real estate fundamentals
For an investor seeking:
The Kelby presents a rare and compelling opportunity.
Request infoProperty Details
The Asset
Total Rooms: 10 boutique units Room
Mix: 3 distinct room types
Building Size: 4,892± SF
Acreage: 19.5 acres
Views: Views of Newfound lake from Property level, potential for unobstructed Newfound Lake views.
Ancillary Revenue: On-site coffee shop, retail/merchandise, guest gathering space
The Androscoggin Valley is best described as rugged and scenic, shaped by mountains and small-town New England life. The Androscoggin River cuts through forested mountains and rolling hills. The area is heavily wooded, offering dramatic fall foliage, snowy winters and cool summers. The overall vibe is “rugged, quiet, and authentic”. People enjoy nature and solitude, recreational experiences and a slower, community-minded small- town lifestyle.
Layout & Guest Experience
The Kelby’s aesthetic embraces a clean, Nordic simplicity — warm woods, natural textures, airy light-filled rooms — creating a peaceful lakeside retreat atmosphere that resonates with today’s design-conscious traveler.
Property Details
Comprehensive Capital Improvements
Ownership did not create a cosmetic refresh — they rebuilt the foundation for long-term operational success:
No stone was left unturned in maximizing guest experience and operational efficiency.
(Full improvement list available)
Newfound Lake
The Location
Newfound Lake, located in Grafton County, New Hampshire, is widely regarded as one of the cleanest and most pristine lakes in the world. Has been rated in the top 10 cleanest lakes in the country.
The lake is a premier destination for boating, fishing, kayaking, paddleboarding, and swimming.
Just minutes from the property is Wellington State Park, home to the largest freshwater swimming beach in New Hampshire, with boat launches and recreational access that consistently draw visitors throughout the summer season.
The Kelby has also become a preferred lodging choice for families visiting the numerous summer camps surrounding Newfound Lake — particularly during drop-off, pick-up, and parents’ weekends.
Ski & Winter Recreation
Four-Season Destination Appeal
While summer drives strong occupancy, Newfound Lake and the surrounding White Mountains region support year-round tourism.
Within Close Proximity
Additional Winter Demand Drivers
Scenery
White Mountains & Foliage Tourism
The property sits at the foot of the White Mountains, one of the most sought-after fall foliage destinations in the world. Each autumn, travelers from across the United States and internationally visit New Hampshire specifically to experience peak foliage season — a powerful shoulder-season revenue driver.
The Groundwork
Growth & Investment Upside
The Kelby is still in the early stages of its revenue maturity curve:
The groundwork has been laid — branding, positioning, capital improvements, and operational systems are in place. A new owner inherits a stabilized but still ascending hospitality asset.
Recreation
Expansion & Development Potential
The property’s 19.5 acres present significant optionality. Currently, only the front portion of the land is actively utilized.
Snowmobile trails abut the property, increasing winter tourism possibilities
Future potential could include:
This is a rare combination of operational income + land bank optionality.
Highlights
Financial & Operational
