Steamboat to Auction Grand Summit Condos

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SAM Magazine-Steamboat Springs, Colo., Feb. 28, 2006-American Skiing Co. (ASC) is selling the remaining units in its Steamboat Grand Resort Hotel & Condominiums on Mar. 18 during a live and online auction Mar. 18. The auction will offer one-, two- and three-bedroom units and penthouse residences, including more than 200 fractional shares and more than 30 whole units, representing about 35 percent of the total units in the facility. This makes it the largest ski-resort auction of its kind.

A Web site designed specifically for the event, provides potential bidders with auction and resort information. Keenan Auction Company of Portland, Maine, will conduct the event.

"Steamboat remains in great shape and has a very positive real estate outlook," ASC said in a news release "The auction event is simply the best approach to sell the remainder in a short period of time and reduce costs." ASC used a similar tactic at Attitash, N.H., four years ago and at The Canyons in Park City, Ut. two years ago. \



Why oh why did they just not sale Steamboat when Okemo wanted to buy it? I feel bad for all the employees there having to watch what has happened at that great resort....