Peak Resorts Purchases JFBB Ski Area

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SAM Magazine--December 26, 2011--Peak Resorts Inc. has purchased Jack Frost Mountain and Big Boulder Ski Area from Blue Ridge Real Estate Company. Peak Resorts has leased and managed the ski resorts since 2005, the contract has a purchase price of 9 million dollars for the two resorts.

Peak Resorts operates 12 ski areas through the Midwestern, Northeastern and Southeastern United States, including the two Pocono resorts. "Jack Frost and Big Boulder have been an important part of our portfolio since 2005, and we are very happy to be adding them to our family of resorts long term." said Jesse Boyd, Vice President of Peak Resorts. \