ACRO Global Tourism Marketer Articles: Saddleback sale remains on hold as buyers continue to seek financing

Saddleback sale remains on hold as buyers continue to seek financing
By

David
22 March 2018 (Edited )

Share This Article

Portland Press Herald

David H. Boggs

President/CEO
ACRO Global
Publisher
TourismMarketer

Follow @davidhboggs

Subscribe to my blog

Website	Visit Website http://majellagroup.com/saddlebackmaine/
Rating	80/5 1 2 3 4 5 4/5 based on 1 vote. Show Individual Votes
Views	116 views. Averaging 116 views per day.
Related Articles	Saddleback likely to remain closed for 2017-2018 as sale drags on BREAKING: Australian developers Majella Group have bought Saddleback Saddleback Mountain Foundation plans to buy closed Saddleback Maine and reopen the ski area as a community-owned nonprofit

External Article: https://www.pressherald.com/2018/03/15/australian-ceo-says-visa-program-not-key-in-business-model-to-purchase-saddleback/

Comments on Saddleback sale remains on hold as buyers continue to seek financing

•David
Senior Member

Usergroup: Administrator
Joined: 30 January 2012
Location: New England USA Web: DavidHBoggs.com

Total Articles: 2799
Total Comments: 498

•David

#1 - Quote - Permalink

Posted 22 March 2018:

A leaked audio tape of a September Majella staff meeting has CEO Sebastian Monsour saying that opening the ski area isn't a "primary concern" for his company - rather, the access to EB-5 visa financing the deal could give Majella.

Monsour has subsequently denied the EB-5 financing is driving the deal, and said that Majella is also pursuing conventional financing; also that the deal should be completed "soon."

The "latest update" on majellagroup.com is still the original one from June 2017.

A group of local citizens who wanted to buy and reopen the mountain continues to meet.

Let's hope for a December 2018 opening.

Post Reply

Previous Article | Next Article

Quick Reply
Your Name:
Your Comment: You may use BB Codes in your message.	<p></p>
Spam Prevention: