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The deal would be the first East Coast property for Vail, and Stowe would be added to the companys network of 10 resorts. Vail would acquire all of Stowe resorts mountain operations, including skier services, such as food and beverage facilities and rental and lift offices on Mount Mansfield and nearby Spruce Peak. The Stowe resort, now owned by the Mount Mansfield Co., a wholly owned subsidiary of the American International Group, Inc., would retain ownership of several other facilities, including the Stowe Mountain Lodge, the Stowe Mountain Club, the Stowe Country Club and other real estate. Heidi Scheuermann, a Stowe Republican who owns a property management and development business in the community. The current Stowe owners are showing their commitment to the area by selling to Vail, she said. I think this was a business decision that they really wanted to make, and they did it responsibly with a real world-class resort, Scheuermann said.
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