Les Otten loses bid for Sunday River and Sugarloaf
American Skiing Corporation announced on Tuesday that they have agreed to sell Sunday River and Sugarloaf to Boyne USA for $77 million. Boyne USA is a privately held company which owns and operates eleven ski areas and and golf resorts in the US and Canada. One of their most notable holdings in the ski industry is Big Sky in Montana.
According to the Rutland Herald, Les Otten did bid on the two Maine resorts but was beat out by Boyne. For the full story…
The sale of Sunday River and Sugarloaf, expected to occur by the end of July, will leave American Skiing Company with just one remaining resort, The Canyons in Utah.
