Saddleback Mountain ski resort up for sale

The owners of the Saddleback ski area are looking to sell it for about $12 million.
Russ Dillingham | Sun Journal
The owners of the Saddleback ski area are looking to sell it for about $12 million.
By Sun Journal,
Posted Dec. 15, 2012, at 7:45 a.m.

RANGELEY, Maine — If you know someone who might like a ski resort for Christmas, now is the time to act.

After 10 years and $40 million worth of upgrades, the Berry family is ready to sell the popular resort. The asking price: $12 million for 400 acres that includes the ski trails and lifts, the base lodge and most of the surrounding 121 condominium units.

The property was listed with a Portland broker a month ago. The Berrys said they will consider whether to take on a partner or sell Saddleback outright.

“There are several options available to us,” Bill Berry said Friday night.

Saddleback’s workforce has increased from 66 to 250 since the family bought it in 2003, according to Faith Berry, one of seven Berry children. The family wants to ensure that the resort will continue to create jobs in a part of Maine with limited employment opportunities.

The Berry family will keep 7,600 of the 8,000 acres it bought 10 years ago and hopes to remain involved on some level, according to the Waterville Morning Sentinel.

“Saddleback is one of the most special places in the world,” Faith Berry was quoted as saying in the Sentinel. “It’s beautiful and exquisite and the townspeople are wonderful. We want to try to make sure [the sale] is done right. We want it done in a way that is sensitive to the beauty and the environment.”

She said, “Our hope for a buyer is someone willing to be supportive of the local area, to be involved.”

 

https://bangordailynews.com/2012/12/15/outdoors/saddleback-mountain-ski-resort-up-for-sale/ printed on April 23, 2014