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- American_Skiing_Company abstract "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, in Maine and The Canyons in Utah.In 1980, Les Otten, the son of a German immigrant, purchased the Sunday River resort for $840,000 from the Sherburne Corporation. Sunday River included one double chair and a couple of surface lifts at the time. Sunday River slowly grew to become New England's second most popular resort in the 1990s.In 1994, Otten formed LBO Resort Enterprises Corp and purchased Attitash Bear Peak in New Hampshire. By 1995, Sugarbush, Vermont was added to the portfolio of LBO resorts.In 1996, Otten purchased Mount Cranmore in the Mount Washington Valley of New Hampshire. Later that year, Otten sought to purchase S-K-I Ltd., owners of Killington, Mount Snow, and Haystack, Vermont, Waterville Valley, New Hampshire, and controlling interest in Sugarloaf, Maine. Because of monopoly concerns, the company was only allowed to purchase Killington, Mount Snow, Haystack, and Sugarloaf. Upon acquiring S-K-I Ltd., LBO Resort Enterprises was renamed the American Skiing CompanyBy 1997, the company expanded west, buying Wolf Mountain in Park City, Utah. It quickly was transformed into The Canyons, now the largest resort in Utah. In 1998, the company, now known as American Skiing Company went public on the New York Stock Exchange and purchased Heavenly, California and Steamboat, Colorado from Kamori International. All American Skiing Company resorts have a Grand Summit Hotel, a condominium-hotel in which investors were to buy a quarter of a year ownership of the hotel room units. The income from these condo quarter-shares was intended to be key to finances of the company. By the time the new millennium rolled around, Les Otten had left the company amidst a huge debt crises; their earnings had not kept pace with their growth. William (BJ) Fair took over as CEO. As the huge debts racked up, ASC was forced to sell Heavenly to Vail Resorts, Steamboat to Intrawest, and Sugarbush to a group of investors.In January 2007, rumors surfaced that ASC might be in the process of selling Killington and Pico to Powdr Corporation, and Attitash and Mount Snow to Peak Resorts. It was later confirmed in a letter to the All For One pass holders that Mount Snow and Attitash had been sold to Peak Resorts and that Killington and Pico have been sold to SP Land Company, LLC, who will join with Powdr in a new venture to operate the two mountains.In June 2007, ASC announced plans to sell Sunday River and Sugarloaf to Boyne Resorts.Finally in July 2008, it was announced that American Skiing Company's last remaining and flagship resort, The Canyons had been bought by the Talisker Corporation for $100 million . This was the final resort sold by the American Skiing Company, in preparation for the dissolution of the company.".
- American_Skiing_Company wikiPageExternalLink ReleaseDetail.cfm?ReleaseID=254487.
- American_Skiing_Company wikiPageID "1983800".
- American_Skiing_Company wikiPageLength "3554".
- American_Skiing_Company wikiPageOutDegree "29".
- American_Skiing_Company wikiPageRevisionID "585034654".
- American_Skiing_Company wikiPageWikiLink Alpine_skiing.
- American_Skiing_Company wikiPageWikiLink Attitash.
- American_Skiing_Company wikiPageWikiLink Boyne_Resorts.
- American_Skiing_Company wikiPageWikiLink Canyons_Resort.
- American_Skiing_Company wikiPageWikiLink Category:1980_establishments_in_Utah.
- American_Skiing_Company wikiPageWikiLink Category:Companies_based_in_Utah.
- American_Skiing_Company wikiPageWikiLink Category:Skiing_organisations.
- American_Skiing_Company wikiPageWikiLink Cranmore_Mountain_Resort.
- American_Skiing_Company wikiPageWikiLink Golf.
- American_Skiing_Company wikiPageWikiLink Haystack_Mountain_Ski_Area.
- American_Skiing_Company wikiPageWikiLink Heavenly_Mountain_Resort.
- American_Skiing_Company wikiPageWikiLink Killington_Ski_Resort.
- American_Skiing_Company wikiPageWikiLink Les_Otten.
- American_Skiing_Company wikiPageWikiLink Maine.
- American_Skiing_Company wikiPageWikiLink Mount_Snow.
- American_Skiing_Company wikiPageWikiLink New_Hampshire.
- American_Skiing_Company wikiPageWikiLink Park_City,_Utah.
- American_Skiing_Company wikiPageWikiLink Peak_Resorts.
- American_Skiing_Company wikiPageWikiLink Powdr_Corporation.
- American_Skiing_Company wikiPageWikiLink S-K-I_Ltd..
- American_Skiing_Company wikiPageWikiLink Snowboard.
- American_Skiing_Company wikiPageWikiLink Steamboat_Ski_Resort.
- American_Skiing_Company wikiPageWikiLink Sugarbush_Resort.
- American_Skiing_Company wikiPageWikiLink Sugarloaf_(ski_resort).
- American_Skiing_Company wikiPageWikiLink Sunday_River_(ski_resort).
- American_Skiing_Company wikiPageWikiLink United_States.
- American_Skiing_Company wikiPageWikiLink Utah.
- American_Skiing_Company wikiPageWikiLink Waterville_Valley_Resort.
- American_Skiing_Company wikiPageWikiLinkText "American Skiing Company".
- American_Skiing_Company wikiPageUsesTemplate Template:Cite_web.
- American_Skiing_Company subject Category:1980_establishments_in_Utah.
- American_Skiing_Company subject Category:Companies_based_in_Utah.
- American_Skiing_Company subject Category:Skiing_organisations.
- American_Skiing_Company hypernym Operators.
- American_Skiing_Company type Company.
- American_Skiing_Company type Organisation.
- American_Skiing_Company type Company.
- American_Skiing_Company type Organisation.
- American_Skiing_Company type Organization.
- American_Skiing_Company type Redirect.
- American_Skiing_Company type Organization.
- American_Skiing_Company comment "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, in Maine and The Canyons in Utah.In 1980, Les Otten, the son of a German immigrant, purchased the Sunday River resort for $840,000 from the Sherburne Corporation. Sunday River included one double chair and a couple of surface lifts at the time.".
- American_Skiing_Company label "American Skiing Company".
- American_Skiing_Company sameAs Q4744995.
- American_Skiing_Company sameAs m.06bwp0.
- American_Skiing_Company sameAs Q4744995.
- American_Skiing_Company wasDerivedFrom American_Skiing_Company?oldid=585034654.
- American_Skiing_Company isPrimaryTopicOf American_Skiing_Company.