Wintergreen Resort has been sold to EPR Properties and Pacific Group Resorts has been tapped to operate the resort. EPR is a publicly traded company (ticker symbol EPR) with market capitalization of $3.9B. Pacific Group Resorts also owns Ragged Mountain in New Hampshire, and worked in concert with EPR to acquire Wisp Resort in Western Maryland in 2012. PGRI (an affiliate of Pacific Group) has a broad base of experience in mountain resort operations and in the master planning and development of ski resorts. Pacific Group Resorts (PGRI) now operates three ski and snowboard resorts and four golf courses, and senior management of the company has a combined 60 years of executive or ownership experience in the industry. Follow the link below for the complete press release.
The sale of the Resort will create a healthier and more robust real estate market for 2015 and beyond. There are many buyers who have been waiting for clarity on the Resort’s future before stepping into the real estate market.
Interested in a Wintergreen Vacation Home?
If you want a place of your own to experience everything that Wintergreen Resort has to offer, we can find it for you. We have vacation homes in the Blue Ridge Mountain community for every taste and fun for every season – golf course homes, ski front condos, walk to ski condos, and many more. Contact us and let the Chase Team, the source for all of your Wintergreen real estate needs, help you find your piece of paradise. I’m calling it Wintergreen 3.0!
Until next time,