INVESTORS CLOSE TO DEAL FOR SNÖ MOUNTAIN
SAM Magazine—Scranton, Pa., Mar. 28, 2013—Local real estate group Jefferson-Werner, headed by developer Charlie Jefferson, is said to be close to buying Snö Mountain winter resort and water park. The group plans to restore the area’s original name, Montage, and bolster marketing efforts.
Jefferson-Warner is expected to pay $8 million for the resort, which was recently bought out of bankruptcy by National Penn Bank, the largest creditor at the time, for $4.6 million.
Jessica Kalinoski is slated to be the new general manager.
Jefferson and his team toured the area on Wednesday, and are said to be interviewing current employees about the state of the business and facilities, to determine where improvements are needed and what aspects of the resort are working well.
Jefferson-Werner’s knowledge of and experience with the winter sports and water park businesses is not known. Its most recent project was an upscale condo conversion in downtown Scranton.