Three Pennsylvania ski resorts will soon be under new ownership.
Snow Time Inc. has agreed to sell Roundtop Mountain Resort, Liberty Mountain Resort and Whitetail Resort to Peak Resorts Inc for $76 million. Peak owns 14 other resorts in the Northeast and Midwest, including Jack Frost and Big Boulder in the Poconos.
Snow Time was founded by Irv Naylor in 1964. Naylor is a noted former amateur steeplechase rider and owner of race horses. He was partially paralyzed in a 1999 riding accident and now contributes extensively to research into paralysis.
"I am extremely pleased to pass along the stewardship of Snow Time and our three mountain resorts to Peak Resorts," Naylor, now retired, said in a news release Monday.
"Having watched the progress they continue to make at the formerly family-owned Hunter Mountain, I view them as the perfect operators to take Liberty, Roundtop and Whitetail to the next level. For more than 50 years, my team and I have grown these three resorts into the magnificent properties they are today, and we are delighted that Peak Resorts will continue to grow their appeal for the next generation and beyond." The current staff, management teams and resort offerings will remain unchanged, according to the press release.
Peak has 14 resorts in Vermont, New Hampshire, New York, Pennsylvania and the Midwest including Attitash, Crotched Mountain, Hunter Mountain, Big Boulder, Jack Frost, Mount Snow, and Wildcat. The Peak Pass program allows pass holders to access other resorts in Peak's network.
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