Jay Peak Owners Buy Troubled Ginn Co. Property
Burke Mt. has had a spotty history financially. Before Ginn arrived on the scene, Burke had had four owners in the previous 20 years and gone bankrupt four times.
Palm Coast, FL – June 5, 2012 – The owners of northern Vermont’s Jay Peak resort recently announced they closed on the purchase of another northern Vermont ski hill, Burke Mountain, previously owned by the bankrupt Ginn Company.
Bill Stenger, president and co-owner of Jay Peak, and business partner Ari Quiros purchased the property from a subsidiary of financially troubled Florida-based real estate developer Bobby Ginn’s namesake company for an undisclosed sum.
Read More >>>> World Property Channel
Toby’s Comments: This article incorrectly states that the Ginn Company is bankrupt. The Ginn-LA entities associated with Quail West and Tesoro did enter Chapter 7 bankruptcy, but the rest of the Ginn entities did not.
Leave a Reply
Want to join the discussion?Feel free to contribute!