A rare opportunity to purchase one of the world’s classic ski resorts is reputed to currently be available. Stowe has spent hundreds of millions of dollars on improvements over the past few seasons, but the vast American International Group which owns the resort has been hit by the economic crisis and required government support to keep trading. They have now put the ski area on the market.
With skiing on Mount Mansfield, the highest peak in Vermont, Stowe is one of the best known resorts in the world, and one of the most picturesque. It is lift-linked to Smugglers Notch although the connection is not officially used at present.
What was then the world’s fastest eight-passenger gondola opened here in 1992 and there is a full service ski and snowboard shop with demos from many manufacturers. Night skiing is also available. Stowe frequently receives top ratings in US ski and snowboarding magazine reader surveys of East Coast resorts.
The asking price has not been revealed but a number of interested parties were reported to have recorded their interest within 24 hours of the for sale announcement being published.
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