Jiminy Peak founders purchase Cranmore Mountain Resort

Posted By: The Ski Channel on June 21, 2010 6:11 pm

The Cranmore Mountain Resort located in North Conway, NH was recently purchased by Brian Fairbank and Joseph O’Donnell, the two co-founders of Massachusetts-based resort Jiminy Peak, as well as Fairbanks son, Tyler Fairbank. Each partner now owns and maintains equal stakes in Carmel Mountain Ranch (CMR) properties LLC. and solely control the two mountain resorts.

The purchase marks the industry’s second mountain resort purchase this month, with the first being Crystal Springs Resort’s deal for the New Jersey resort Mountain Creek from Intrawest.