Jay Peak owners buy another Vt. resort
MONTPELIER, Vt. (AP) — The owners of northern Vermont's Jay Peak resort announced Thursday they have closed on the purchase of another northern Vermont ski hill, Burke Mountain, a move Jay Peak's president said would strengthen both businesses.
Bill Stenger, president and co-owner of Jay Peak, near the Canadian border, and business partner Ari Quiros closed Tuesday on the deal to buy the smaller Burke Mountain resort from a subsidiary of Florida-based real estate developer Ginn Co. for an undisclosed sum.
"It's going to be a better place to have Jay and Burke aligned and joined," Stenger said. "We plan to go hard in the Boston area and southern New England" marketing the twin destinations.
The two resorts are about 45 minutes apart in a rural section of Vermont known as the Northeast Kingdom.
Jay has been expanding rapidly in recent years, with the addition of a hotel, waterpark, golf course and other facilities. Stenger said he and Quiros hope to bring a new burst of development to Burke as well.
Jay gets nearly half its business from Canada — Monteal is 90 minutes away — and had about 4,000 season ticket holders this past season, spokesman J.J. Toland said. Burke has about half that number of season ticket holders and caters to a more local clientele.
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