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Bankrupt Echo Mountain near Denver finds a buyer August 2016

post #1 of 6
Thread Starter 

Echo Mountain found a buyer in August 2016.  The previous owner filed for bankruptcy in Feb 2016.  The new owner is young but no stranger to the leisure business.  His father owned hotels in Aspen.

 

http://www.businessden.com/2016/08/07/27-year-old-buyer-offers-3-8m-for-bankrupt-ski-hill/

 

"Echo Mountain, which filed for Chapter 11 bankruptcy protection in February after falling behind on mortgage payments, is under contract to be sold to SkiEcho, LLC for $3.8 million. The ski hill had been searching for a buyer since April 2015, according to court documents."

post #2 of 6
Thread Starter 
post #3 of 6

I was half expecting this to be another MTN purchase when I saw the thread title. 

post #4 of 6

Would love for Echo Mountain to be open to the public again.  It closed to public before I started skiing so don't know whether worth the time but that could become my home base when not motivated to drive 1+ hrs to WP, Loveland or Copper. 

post #5 of 6
Rod was a nice guy, super rich and married to a former Ms. America. Peter was just a baby.
I worked for his little brother, who actually ran the hotels, total dick.
I wish him luck, he's got the pockets.
post #6 of 6

I hope this works out for him...$3.8M seems tough.

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