Mount Washington Ski Resort has been sold to Pacific Group Resorts, a company headquartered in Park City, Utah.
The sale also includes most of the development land near and around the base of the resort. The current ownership group will retain two prime development parcels.
“We are looking forward to working with Pacific Group Resorts to take Mount Washington to the next level with improvements like snowmaking where they have a strong background,” says Peter Gibson, president and general manager of Mount Washington Alpine Resort.
Pacific Group Resorts other resorts based in the eastern U.S. and have virtually 100% snowmaking coverage. The company says its snowmaking technology is able to cover virtually all of its ski hills.
That could be good news for Mount Washington, which has struggled with a severe lack of snow in the last several years.
“This is very positive news. We are excited to have the opportunity to get some snowmaking in place. What it does is it gets some confidence for the future, I think the excitement about snowmaking is a positive thing,” said Mount Washington’s director of business operations, Don Sharpe.
PGRI now operates four ski and snowboard resorts and four golf courses, plus numerous other resort activities such as adventure parks with mountain coasters, canopy tours, ropes courses, tubing, and lift served mountain biking and hiking trails.
“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,”
Pacific Group Resort’s president of resort investments, Mark Fischer, says in a statement.
“We are very happy to be working with Peter (Gibson) and his management group. They are industry pros, and we’re proud to have them join our team.”
Fischer said he expected the staff and daily operations would remain largely unchanged from previous years.