Peak Purchase of Mount Snow, Attitash Final

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SAM Magazine-St, Louis, Mo., Apr. 5, 2007-Peak Resorts has closed on the purchase of Mount Snow and Attitash resorts from American Skiing Company. The sale agreement, announced on Feb. 16, includes all properties and assets of Mount Snow and Attitash resorts, for a purchase price of $73.5 million. In addition, Peak Resorts assumed approximately $2 million in debt and other liabilities related to the resorts.

"We are very excited to welcome these two fine resorts to the Peak group," said Tim Boyd, president of Peak Resorts. "Both resorts have talented management teams and a proud tradition; we look forward to working with the resorts and local partners to build a strong future for both areas."