Blog :: 03-2007

Stay up to date on Killington real estate activity with regular updates and information on sales activity

Recent Killington Real Estate Sales

Prestige Real Estate of Killington closes on another Killington condominium.  Pinnacle D-1, a 2 bedroom 2 bath condominium just closed for $194,000--up from the last sale of $189,000.

Prestige Real Estate of Killington has also put 2 houses and 2 additional condominiums under contract with closings anticipated in the near future.  One of the two homes is a ski in/ski out property and both condominiums are ski in/ski out.

Sale of Steamboat is complete!

On March 1, 2007, the Company (American Ski Company) completed the sale of Steamboat Ski & Resort Corporation to Intrawest Holdings S.A.R.L. and Steamboat Acquisition Corp. (the "Steamboat Sale"). Total proceeds received by the Company, subject to a final post-closing working capital and income adjustment, was $239.1 million, after preliminary adjustments for working capital and debt assumed by the buyer, and income realized by the Company from and after October 31, 2006.