Bolton Valley Sold
Original Bolton Valley
owner buys back ski resort
Press StaffPublished 6:19 p.m. ET April
14, 2017 | Updated 6:23 p.m. ET April 14, 2017
Ownership of Bolton Valley is back in the hands of a man who
helped found the ski resort more 50 years ago.
Ralph DesLauriers, who started the resort with his
father in 1966, reacquired the property on Friday, according to news
release from the resort. A group of local investors helped raise the
money necessary for the purchase.
Since DesLauriers sold the business in 1997, it has changed
hands several times, according to the release. Most recently, Larry
Williams and Doug Nedde of Burlington owned the resort. The day-to-day
operations of the resort will continue with the existing management. The new
ownership company will be led by DesLauriers along with his son and daughter.
The ownership group of Bolton Valley Ski
Resort will be led by Lindsay, Ralph and Evan DesLauriers. (Photo: COURTESY OF BOLTON VALLEY SKI RESORT)
“Bolton Valley was the first place I skied when my parents drove
my brother and me up to Vermont on weekends. In a year when major corporations
are buying up Vermont ski resorts, Bolton Valley returns to its roots with the
DesLauriers family," said Thomas Kelliher, one of the investors in the group
who lives at in Bolton Valley.
The group of investors plans to update the resort
and restore summer amenities that were dropped over the years. The owners
and investors are committed to keeping the resort affordable to all Vermonters,
the release stated.
The purchase includes approximately 700 acres
of land, six lifts, a 64-room hotel, 10 lodge condominium units, four
restaurant facilities, a small general store and deli, and a 20,000 square foot
indoor Sports Center. In addition, the company has contractual access and use
rights for cross-country & backcountry skiing and hiking on 1,144 acres of
adjacent land in Mount Mansfield State Park.