Wisp Emerges From Bankruptcy

MCHENRY, Md. (AP) — Maryland’s only ski resort says it has emerged from bankruptcy protection under a new management firm.

The Wisp Resort in McHenry said Friday that the Salt Lake City-based Pacific Group will run the business for new owner EPT Ski Properties. The local management team, headed by General Manager Tim Prather, will remain in place.

Prather says Wisp is planning improvements in the coming year. They include expanded offerings for both winter and warm-weather recreation.

The previous owners filed for bankruptcy protection last year after defaulting on loans to build a golf course community near the ski hill. That project was sold to another party during bankruptcy proceedings.

EPT is a unit of Kansas City-based real-estate investment trust EPR Properties. It bought the resort for $23.5 million earlier this month.

(Copyright 2012 by The Associated Press. All Rights Reserved.)


Leave a Reply

Fill in your details below or click an icon to log in:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Baltimore

Track Weather On The Go With Our App!
Your Podcast Network Play.it

Listen Live