Archive for December 2012

By M. Scott Smith, DCSki Editor December 24, 2012 — A downturn in the real estate market forced Wisp Resort to enter Chapter 11 bankruptcy protection in the Fall of 2011, but thanks to a new ownership structure, the Maryland ski area has emerged from bankruptcy and is charging forward. On December 21, 2012, Wisp announced that…

December 21, 2012 1:23 pm By First Tracks!! Online Media McHenry, Maryland — After 14 months in Chapter 11, Wisp Resort has emerged from bankruptcy protection with a new ownership structure and an infusion of capital and experience. Salt Lake City, Utah-based Everbright Pacific, an affiliate of Pacific Group, announced today that it has taken over as…

Posted by Peggi Simmons on Friday, 07 December 2012 in News A bankruptcy court judge in Greenbelt, Maryland, approved the sale of Wisp, the state’s only ski resort, for $23.5 million. The buyer was Entertainment Properties Trust (EPT) Ski Properties. Wisp plans a Dec. 14 opening. The same judge also approved the sale of a golf course and other…

Posted: 10:07 pm Thursday, December 6, 2012 By Associated Press HAGERSTOWN — A bankruptcy court judge has approved the sale of Maryland’s only ski resort to a unit of a Kansas City-based real estate investment trust for $23.5 million. A judge in Greenbelt approved the sale of the Wisp resort to EPT Ski Properties, a unit…