American Insurance Group, the company that owns Vermont’s Stowe Mountain Resort announced today that they are putting the resort up for sale according to a story in the Burlington Free Press.
“We’re actually putting Stowe up for sale. So it’s official now,” Peter Tulupman, spokesman for AIG, told The Burlington Free Press this morning. . . Tulupman declined to comment on how much American International Group Inc. — which is mostly owned by the U.S. government after a sequence of federal bailouts in the wake of Wall Street’s collapse last fall— is seeking for the iconic resort which includes the lavish Stowe Mountain Lodge and the mountain’s operations.
As we learned in Hal Clifford’s book Downhill Slide resorts are all about the real estate that surround them and it is a buyers market right now. Anyone?
[Link: Burlington Free Press via Yobeat]
I’m down …
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