In yet another example of the ski resort industry showing optimism for the upcoming season, the president of Vermont’s Jay Peak just acquired nearby mountain resort, Burke Mountain. Burke is located in the northern region of Vermont, and was formally owned by the Florida-based Ginn Corp. real estate holding company.
Bill Stenger and his business partner Ari Quiros finalized the agreement with Ginn Corp. for an undisclosed sum on Tuesday.
Stenger and his investment partners acquired Jay Peak from Mont Saint-Sauveur Valley resorts in June 2008, and since then have been expanding the facilities to become a year-long action adventure destination. They’ve recently installed a waterpark, golf course and renovated a number of resort amenities. Over the past four years, the group has solidified a reputation for sound business practices, and for having a positive impact on the Vermont community.
This new purchase has the potential to be a huge win for the outdoor sports enthusiasts at each resort. Skiers and snowboarders of Vermont can expect a variety of dynamic cross-promotional activities at each resort for this upcoming winter season.