WILMINGTON, Vt. (AP) — Former members of a bankrupt private ski resort in Vermont have officially bought the resort’s assets in Wilmington and West Dover and anticipate opening for the 2020-21 winter season.
The Hermitage Members Club Inc. announced Wednesday that it closed the sale of assets related to the Hermitage Club in the two towns, the Brattleboro Reformer reported.
The Hermitage Club was a private ski resort at Haystack Mountain in Wilmington that includes a golf course, inns and restaurants. The state shut down its business operations last year for failure to pay sales and use taxes.
The agreement includes the sale of the ski resort used as a private club, golf course, several inns and a clean title. The clean title is a stipulation to protect the new owners from having any lien or levy from creditors that could challenge the legal ownership of the properties.
The group representing 181 member families said in a statement that it looks forward to working with the community rebuilding trust.
The group is described as “a member-owned entity established to own and operate the Hermitage Club as a private, four-season, family-friendly ski resort on Haystack Mountain.”