Windham Mountain Sold to Local Investors
SAM Magazine-Windham, N.Y., Oct. 24, 2005-Snow Time, Inc., owner of Ski Roundtop, Liberty Mountain Resort and Whitetail Mountain Resort in Pennsylvania, is selling Windham Mountain to a group of local investors, including Windham president Dan Frank. Terms of the deal were not disclosed.
The investors include Dick Jordan, a local developer, and Stu Berelson, an attorney and long-time Windham skier. The new team plans to complete the acquisition of the area and its adjoining real estate by mid-November. The partnership will maintain the current management group led by Frank and general manager Tim Woods, and expand the resort by investing in the operation and adjoining real estate.
"We want to build on the outstanding foundation provided by Snow Time," said Frank. "We intend to infuse significant resources into the resort for the 2006-07 winter season."
Snow Time will continue to own and operate its Pennsylvania resorts. "The sale of Windham Mountain will allow Snow Time management to focus its efforts in one state and one marketplace," said Irvin S. Naylor, owner and founder. "We expect this sale to benefit all parties involved." \