Killington and Pico ski resorts have been sold to a group of 16 investors, which includes members of POWDR, the company that’s owned Killington and Pico since 2007.
Great Gulf, the developer behind a new ski village at Killington, is also among the investor group.
Killington President Mike Solimano announced he will stay on as president and CEO. No purchase price was given but Solimano says the transaction went through without any debt.
The new owners have pledged $30 million in capital improvements over the next two seasons.
Planned upgrades include 1,000 new snowmaking guns, replacing the lift on the Superstar trail, and replacing the Skyeship gondola.
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