Grace Metalious Lake connection

[Zee]

I understand that Grace Metalious, author of Peyton Place, purchased a hotel on the Lake and named it Peyton Place. The business venture failed. Does anyone know where it was or if it is still there, obviously under a different name? The time frame may have been in the late 50's and early 60's. I know she lived in Gilmanton and spent a lot of time in Laconia.