Camelback Sold

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Publish Date

06/16/2005

SAM Magazine--Tannersville, Pa., June 16, 2005-- Camelback Ski Corporation, located in Pennsylvania's Poconos Mountains, was sold to a local entrepreneur, Arthur B. Berry III. In the acquisition, Berry will take over Camelback's winter operations and its large waterpark, which draws nearly as many visitors in the summer as the ski area does during colder months.

Berry's immediate plans for the year-round resort were not announced, but he is quoted as saying, "The success of Camelback depends on our employees [of which there are 800] and I plan to keep all of our staff employed and will continue to create employment and career opportunities for them and other residents."

Previous owner, Sam Newman, will stay on as a consultant to assist in the transition.

Comments

Make snow not war

cafepress.com/snowlife

New Management at Camelback

This whole transaction has been very quiet which seems strange. There is also a very large property called NorthRidge that is owned by the Camelback Ski Corporation which leases individual homesites to homeowners. That land should be far more valuable than the resort itself. At last Check the CB Ski Corp, leases land from the state which the comprises the slopes that allow Camelback Ski Corporation to exist. What did the new owners actually buy?

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