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Peak Resorts to buy Hunter Mountain

Dec 01, 2015 7:01 am
Michael Ryan is reporting in The Daily Mail Peak Resorts, a Missouri-based company that operates ski resorts in the Midwest and Northeast U.S., announced Mon., Nov. 30, it is close to an agreement to purchase Hunter Mountain Ski Resort for $36.8 million. The resort has been owned and operated by the Slutzky family for more than 50 years. “Life changes and things go on, but we're going to stay in the area and continue to be a major part of the community,” said Charles “C.B.” Slutzky. “A whole new enterprise will be coming in, and it will be a positive situation for the business and the community," he said. A spokesman for Peak said the company "is set to become the preeminent ski operator in the metro New York area with the addition of Hunter Mountain to our portfolio of resorts in New Hampshire, Vermont and Pennsylvania.” The current management team is expected to remain in place until the final papers are signed. The closing is set to take place sometime this month. Hunter Mountain has a summit elevation of 3,200 feet and a vertical drop of 1,600 feet, with 240 ski-ready acres, 58 trails and 12 lifts. Read the full story in The Daily Mail.