American Skiing Selling More Areas [Corrected 02/23/07] ; the Owner of Sugarloaf and Sunday River Sells Killington and Pico in Vermont for $83.5 Million.

Summary

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American Skiing Company, which owns two ski resorts in Maine, announced Tuesday that it is selling its Killington and Pico resorts in Vermont to SP Land Co., a Dallas-based real estate investor, and POWDR Corp., a Utah-based resort company, for $83.5 million.

The sale follows the company's announcement last week that it is selling the Mount Snow ski area in Vermont and Attitash in New Hampshire for $73.5 million, and the December announcement of the planned $265 million sale of Steamboat resort in Colorado.

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American Skiing Selling More Areas [Corrected 02/23/07] ; the Owner of Sugarloaf and Sunday River Sells Killington and Pico in Vermont for $83.5 Million.

American Skiing, headquartered in Park City, Utah, said the transactions will allow the company to repay all bank debt and address the needs of its three remaining resorts, Sunday ...

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