KILLINGTON - Killington Resort, the largest ski resort in the East and a name synonymous with Vermont skiing, is being sold to SP Land Co. and Powdr Corp., for $83.5 million. (See the rest of the Rutland Herald story and related stories)
We think this means a new opportunity for investment in the best ski area in the East. We think this could finally mean the construction of a village at the base. We think this could mean new lifts, new lodges, and new business opportunities. But we want to know what you think. Is this good? Is this bad? Let’s use this page as a means to hear what people think. Please comment. Let’s start a dialog.
In a deal first reported at First Tracks!! Online on Feb. 6, American Skiing Company (ASC) announced today that it has entered into a definitive agreement to sell its Killington and Pico ski and snowboard resorts in Vermont to SP Land Company, LLC, a major area landowner, for $83.5 million. SP Land will partner with Utah’s POWDR corporation in the purchase and operation of the two ski areas. The announced sale follows the recent announcement of ASC’s sale of Mount Snow, Vt. and Attitash, N.H. resorts for $73.5 million and the December announcement of the planned $265 million sale of Steamboat resort. This leaves ASC with Sugarloaf/USA and Sunday River ski resorts in Maine and The Canyons in Utah as its only remaining holdings.
Read full article: ‘American Skiing Sells Killington and Pico Ski Resorts’ ( 807 more words )
There are currently 3 homes, 2 condominiums and 1 parcel of land under contract and scheduled to close in the near future. There are 37 homes, 133 condominiums and 15 parcels of land currently listed for sale in Killington Vermont.
Killington, VT ski conditions are fantastic with 83 miles of skiing on 197 trails serviced by 31 lifts.
Read full article: ‘American Skiing Sells Mount Snow, Attitash Ski Resorts’ ( 574 more words )
Read full article: ‘Rumors Fly Regarding Pending Sale of American Skiing Company Resorts’ ( 424 more words )
