Business As Usual...
It’s more than business as usual for Mount Washington Alpine Resort this winter, despite the “For Sale” sign still on the Resort.
The Resort went on the market last year, when the group of shareholders who currently own it decided it’s time to retire.
“The mountain is still very much on the market,” Resort President Peter Gibson said. “Any effort in terms of the sale will be delayed until the springtime. We want to be focused on getting open, being open and we’ll pick up the task in the springtime.”
Since the current owners bought the place in 1989 they’ve invested an estimated $60 million or more in capital investments in the Resort.
Gibson emphasized this is not a fire sale. “We’re in good shape financially, and this is not a sale to help us out. It’s a sale for the ownership group to move on. It’s time to get to a new level.”
While rumours abound that some potential buyers have visited the mountain numerous times, all Gibson would say was, “We have had visitation.” He declined to give any details about who might be interested in Mount Washington’s Resort.
“I’ve signed a document that says I can’t say anything,” he said. “Activities will pick up in the springtime.”
In the meantime, Gibson said the Resort spent $200,000 in the summer grooming runs to get them ready for winter, a sign the Resort ownership is still committed to operations until a buyer is announced.