Cranmore acquired by Boothcreek
Pursuant to a settlement with the U.S. Justice Department over anti-trust concerns, American Skiing Company has sold Cranmore and Waterville Valley to Booth Creek Ski Holdings, Inc. for $17.2 million. Mike Krongel advised ASC on the sales.
Booth Creek Ski Holdings, Inc. now operates four resorts in the United States, including Northstar-at-Tahoe Resort and Sierra-at-Tahoe Resort in California.
Cranmore has operated for more than 50 years in North Conway, NH.
About Mirus Resort Capital:
Mirus Resort Capital provides investment banking solutions to corporate clients in the hospitality industry, specializing in cold weather resorts and ski areas, golf resorts, equipment manufacturing, and tour operations. Since 1987, Mirus has provided corporate finance advisory services on engagements including mergers, acquisitions, divestitures, recapitalizations, and valuations. For additional information, visit www.mirusresortcapital.com.Back to Transactions