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Jay Peak May Be Sold to Pacific Resorts
- Thread starter ski diva
- Start date
Lmk92
Angel Diva
Ah darn. They did so well with Timberline, I was hoping they'd repeat their success at Jay Peak
marzNC
Angel Diva
Very different situations and regions. Jay Peak is a 4-season destination resort with a much larger mountain and resort than Timberline or Perfect North. That's been true for Jay for folks in New England and Québec for quite a while in the same way that Massanutten has been a 4-season resort for the DC and northern Virginia region for over 50 years.
The Perfect family spent $10 million getting Timberline going again after buying it for about $3 million. The budget for capital projects that Jay will need eventually is much larger. PGRI spent $76 million just to purchase Jay. Timberline has two chairlifts and a small hotel with no services (not even a check in desk in the building) and about 25 rooms. Jay has a gondola, six chairlifts, an indoor waterpark, a golf course, and a conference hotel.
Lmk92
Angel Diva
Yes, very different! Hopefully I'll get to visit next season to compare with my trip this season. Fingers crossed for positive progress
