Industry News
According to Mount Washington Alpine Resort, all of the ski and recreational operations have been sold as of Tuesday November 3rd. The alpine resort has been purchased by the Pacific Group Resorts Inc. (PGRI), a resort holding company headquartered in Park City, Utah. The holding group bought the ski and recreation operations, along with the majority of the development land near and around the base of the alpine resort. George Stewart and his ownership group were the previous owners, they invested not only money, but time to make this resort what it is today. They agreed to the deal, while retaining possession of two prime development parcels. George Stewart and his ownership group have been the owners of Mount Washington Alpine Resort for the past 25 years.
“Over the past 25 years, George Stuart and his ownership group have invested a tremendous amount of money and energy into Mount Washington,” noted Peter Gibson, president and general manager of Mount Washington Alpine Resort.
The Pacific Group Resorts Inc. currently owns four resorts including; Wintergreen Resort, Wisp Resort, Ragged Mountain, and now Mount Washington. These four resorts are located in the eastern United States and they are known for having virtually 100% snowmaking coverage. The group has been working with George Stewart for a couple of years now to transfer the ownership of the resort. David Fischer and his associates look to focus on the skiing aspect of the resort and build a community out of it. Luckily, George Stewart and his ownership group laid a great foundation for the Pacific Group Resorts Inc. to enhance the experience at Mount Washington Alpine Resort. The group has 30+ years of experience in real estate and management including building the base villages of Copper Mountain in Colorado and Solitude in Utah.
“We’ve been working with George Stuart and Darryl Eddy for a couple years now on the transition of the resort to new ownership. It finally worked out that this was the right time, and we are very excited to have the opportunity to add Mount Washington to our portfolio,” not Mark Fischer, Pacific Group’s president of resort investments.
- Summit Elevation: 5,215 feet
- Vertical Rise: 1,657 feet
- Annual Snowfall: 456 inches or 38 feet
- Record Snowfall: 756 incTerhes in 2010-2011
- Winter Season: December to April (Conditions Permitting)
- Runs: 81 (14% beginner, 35% intermediate, 36% advanced, 15% advanced)
- Acres of Terrain: 1700+
- Lifts: 2 high speed chairlifts, 2 fixed grip quads,1 triple chair, 4 magic carpets
- Terrain Parks: 2
