Stowe Mountain Resort up for sale by AIG

American International Group, Inc. (AIG) has officially put its Stowe Mountain Resort property in Vermont up for sale to assist the company in repaying the U.S. government’s $180 billion bailout.
 
A sale price has not been posted, however, local investors and ski industry experts have speculated that the resort could sell for anywhere between $50 million and several hundred million.
 
The resort operation includes more than 3,000 acres of privately owned and leased government land, as well as the Spruce Camp Base Lodge, Stowe Mountain Lodge, two golf courses, 10 restaurants and grills and residential property. AIG has invested approximately $400 million in upgrades to the property over the last six years. 

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