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This profile was last updated on 9/25/2014 and contains contributions from the  Zoominfo Community.

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Wrong Joel Bedor?

Joel J. Bedor

Developer

John Newcombe Estate

HQ Phone:  (830) 608-9900

Email: j***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Background Information

Employment History

Newcombe Estate


President

Mount Washington Resort


Affiliations

WJB Properties Inc

Investor and Managing Member


ASSIST-U.S. Company

Advisory Board Member


Connecticut River Bank , N.A.

Board Member


New Hampshire Historical Society

Board of Trustees Member


The New Hampshire Trust Company

Board Member


Education

mathematics

University of New Hampshire


graduate accounting degree

Northeastern University


Web References(33 Total References)


newcombeestate.com

The Estate's Team Post-Event: (L to R) Kimberly Arena, Director of Marketing, Don Henderson, Developer, Joel Bedor, Developer, John Newcombe, Developer, Jeremy Fieldsend, Developer, Alex Zevallos, Creative Specialist.


www.nhhistory.org [cached]

Catherine L. and Joel J. Bedor


www.nhhistory.org [cached]

Joel J. Bedor


www.company-histories.com [cached]

The partnership included Joel Bedor, CPA and president of the partnership; Cathy Bedor, Joel's wife and a marketing professional; Wayne Presby, an attorney and chairman of the board; John and Jere Eames, brothers whose family had been in the hospitality business for many generations, and Robert Clement, the resort's general manager.
The bidding began in quarter million increments and according to an article in American Profile, Joel Bedor felt as if his small group was not going to be able to compete. Bedor recalled that his initial reaction was "Oh my God, what have I done?" That question was a good one for Bedor, president of MWH, to have asked. The new owners now had a large task awaiting them. The hotel needed more than $10 million in renovations, 225 guest rooms had been gutted but not repaired, paint was peeling, and the building did not meet fire codes. The partnership was determined to renovate the hotel and make it profitable, even in the first year. Their careful renovations were planned to bring modern conveniences into the hotel while still preserving the historical elements. In a speech to The Newcomen Society in 2003, Joel Bedor described the goals and mood of the investors after the purchase of the hotel. "We vowed that the days of real estate gimmicks were over. We agreed to preserve and restore the grand resort, confident that the end of the Cold War would result in a new demand for classic vacation experiences. We had seen that the Hotel was no opportunity for a quick profit--its future depended on re-investing every penny of operating revenue in refurbishing the magnificent structure--and quietly preparing it for winter operations," he said. In a 2002 interview with Mike Recht of The Associated Press, Joel Bedor said, "I think people, investors, have seen what we have been able to do, and they're trying to replicate it. In his speech to The Newcomen Society in 2003, MWH President Joel Bedor said that the progress for MWH Preservation Limited Partnership was still moving forward. Plans included a new spa, golf course renovation, and ski area expansion. The partnership was committed to continuing its improvements to this century-old hotel and surrounding resort area. "To express the spirit of this enterprise on its 100th anniversary," said Bedor.


newcombeestate.com [cached]

Joel Bedor
A former CPA, Bedor's first venture was in 1983, a partnership in the Mount Washington Cog Railway, where he managed the investment needed to make a sorely neglected railway a successful enterprise. In 1991, he brought the same kind of expertise to an effort to draw investment to restore the Mount Washington Hotel. Realizing that hands-on management was an equal partner with capital in the formula for success, he began to guide the effort in a financially sound fashion that has resulted in a thriving business and a beautifully restored grand hotel serving guests, the community and the state of New Hampshire. He served as the hotel's co-managing director as well as the chief financial officer until 2006, when the hotel and a one thousand unit land development component was sold to CNL Income Properties. Joel now operates his own investment firm, Bedor Managment and Investments LLC, with his son while focusing on developing the John Newcombe Estate and Country Club.


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