American Skiing Signs Agreement to Purchase Steamboat, Heavenly Resorts.NEWRY, Maine Newry is a town in Oxford County, Maine, United States. It was settled in 1781 as Sunday River Plantation. It was renamed by settlers that had come from Newry in what is now Northern Ireland.[1] As of the 2000 census, the town had a total year-round population of 344. .--(BUSINESS EDITORS)--Aug. 1, 1997--Maine-based ASC ASC Ambulatory surgery center, see there Holdings Inc., parent company pf the American Skiing Company American Skiing Company was one of the largest operators of alpine ski, snowboard and golf resorts in the United States. Its resorts included Sunday River and Sugarloaf/USA in Maine and The Canyons in Utah. , has reached an agreement with Kamori International Corp. to acquire the Steamboat Ski Resort The Steamboat Ski Resort is a ski area operated by the Steamboat Ski & Resort Corporation in Steamboat Springs, Colorado. It is located in Routt National Forest on Mount Werner, a mountain in the Park Range. The ski area has 165 named trails spread over 2965 acres. in Steamboat Springs CO and Heavenly Ski Resort Heavenly Mountain Resort is a ski resort located on the California-Nevada border in South Lake Tahoe ( 38°56'7.40"N, 119°56'24.29"W). It has 95 runs and 30 lifts that are spread between California and Nevada and four base facilities. The resort was purchased by Vail Resorts, Inc. , which straddles the California/Nevada state line near Lake Tahoe, for $288.3 million. Other terms of the transaction have not been disclosed. The acquisition is expected to close in October of this year. American Skiing chairman Leslie B. Otten said "This is a big day for us. These are world-class resorts, and Kamori International has done a superb job of managing them. There has been a lot of interest in the resorts from other parties, and we're honored to have been selected." At closure, the American Skiing group of companies will own and operate eleven ski resorts, with at least one resort located in each major skiing market across the United States. Combined, the resorts generated approximately 4.9 million skier and snowboarder visits in the 1996-1997 ski season, which is in excess of 9 percent of the 1996-1997 US skier market. American Skiing is at the forefront of the consolidation trend in the ski industry. The deal will solidify American Skiing's status as one of the largest alpine resort operators and developers in the world. Otten noted that the talented staff and first-rate facilities at Steamboat steamboat: see steamship. steamboat or steamship Watercraft propelled by steam; more narrowly, a shallow-draft paddle-wheel steamboat widely used on rivers in the 19th century, particularly the Mississippi River and its tributaries. and Heavenly made it a natural fit for his company. "These are resorts that are highly respected among skiers and snowboarders," he said, "because both deliver an outstanding experience. You can't do that unless the management and staff genuinely cares about its guests. Kamori's commitment to this level of service and quality is a tremendous legacy to our company." Kimihito Kamori, owner and chairman of Kamori International Corp., decided to sell the resorts because of "American Skiing's enthusiasm for the resorts, and American Skiing's capability as an operator and developer of resorts." Kamori International Corp.'s other holdings include the Rusutsu Resort Hotel and Convention Center in Japan, the Art Hotels Group in Japan, the Lone Pine Koala Sanctuary Lone Pine Koala Sanctuary, which was founded in 1927, is the world's oldest and largest Koala Sanctuary. The Koala Sanctuary is in the Brisbane suburb of Fig Tree Pocket. There is also an entrance to the sanctuary from the Brisbane River. in Australia and holdings at the Tignes ski resort in France. American Skiing now owns the Mount Snow/Haystack, Killington/Pico and Sugarbush Ski Resorts in Vermont; Attitash Bear Peak Ski Resort in New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). ; the Sunday River and Sugarloaf/USA Ski Resorts in Maine and The Canyons Ski Resort in Utah. CONTACT: American Skiing Company Skip King, 207/824-5020 |
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