AIG Global Real Estate Agrees to
Sell Stowe Mountain Operations to Vail Resorts
Following completion of the deal, AIG Global Real Estate will retain ownership of the majority of the Spruce Peak base area including Stowe Mountain Lodge, Stowe Mountain Club and future development rights. AIG will also continue to own the Stowe Country Club.
Douglas Tymins, President and CEO of AIG Global Real Estate said, “Under Vail Resorts’ management, Stowe’s reputation as a premier ski destination with a commitment to excellent service will continue to grow. AIGGRE is looking forward to combining Vail Resorts’ tremendous mountain operations capabilities with our continued commitment to the development of the Spruce Peak community.”
Rob Katz, Chairman and Chief Executive Officer of Vail Resorts said, “We’re thrilled to add Stowe Mountain Resort, to our family of world-class mountain resorts. With the investments in both mountain infrastructure and base area facilities that AIG has made over the years, Stowe Mountain Resort has become the premier, high-end resort for East Coast skiers and snowboarders. We look forward to working with AIG to continue enhancing the guest experience and to ensure the resort’s long-term success.”
AIG Global Real Estate
American International Group, Inc.
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