Alterra eyes Jay Peak. Vail takes a pass.
ail Resorts, a ski industry behemoth that has been gobbling up local resorts in recent years, is not interested in Jay Peak. Other companies, however, have visited the Northeast Kingdom resort, a company official told a local town board during a recent meeting.
One of the could-be buyers that has toured Jay Peak is a rival of Vail in the resort consolidation business, Alterra Mountain Company, based in Denver, Colorado, which also owns Tremblant ski resort in Quebec and Stratton in Vermont.
Officials have been tightlipped about the sale of Jay Peak since it hit the market earlier this year.
Michael Goldberg, Jay Peak’s court-appointed receiver, is seeking through the sale to recoup money for EB-5 investors who put money into the resort for massive upgrades over nearly a decade that have led to fraud allegations and criminal charges.
Read more: https://vtdigger.org/2019/09/05/vail-showing-no-interest-but-competitors-eye-jay-peak-as-sale-process-presses-on/
