1 minute reading time (147 words)

Several Buyers Interested In Jay Peak, Burke Mountain

JayPeak Jay Peak Resort.

After attempts to sell the Jay Peak ski area were halted at the start of the coronavirus pandemic, sale discussions have been taking place with several interested parties this year, according to an update from the receiver appointed after the former owner was accused of fraud in 2016.

Receiver Michael Golderg filed the ninth interim report in federal court in Florida on Friday about the Jay Peak and Burke Mountain resorts, covering March 1, 2020 through July 31, 2021.

As the COVID-19 pandemic hit and the resorts were shutdown in mid-March of 2020, the sales process was paused as Goldberg and Houlihan Lokey, the investment bank retained to help with the sale, determined that “2020 was not an ideal time to pursue sale of the Resorts given the vast uncertainty in the market, particularly in the hotel/resort/ski industry,” the filing states.

 Read the full story at BostonGlobe.com

Sunday River Installing Fastest Eight-Person Chair...
Colorado's First-To-Open Trio Ready To Show Off Wh...
Comment for this post has been locked by admin.


By accepting you will be accessing a service provided by a third-party external to https://www.snocountry.com/