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Record-Setting Sales Pace Continues for Sugarbush's Lodge at Lincoln Peak

Buyers of the Mountain Residences Are Purchasing Without Visiting

Press Release: The Lodge at Lincoln Peak
April 20, 2004
WARREN, VT -- Sugarbush Resort's Lodge at Lincoln Peak, a one-of-a-kind, luxury ownership property set in Vermont's idyllic Mad River Valley, continues to sell residences at a stunning clip. The Resort has already achieved 25% of its sales goal placing $23 million under contract before even breaking ground on the new Lodge. Construction will begin this May with the roof expected to be in place by the fall.

Along with rapid sales, the Lodge at Lincoln Peak has experienced a remarkable trend. Buyers are purchasing residences at The Lodge without visiting the property.

"We believe the numerous 'site unseen' sales, several of which were completed in under 24 hours, are a result of several factors," said Mark English, director of sales at The Lodge at Lincoln Peak.

"First is the revitalization Sugarbush Resort has experienced since coming under the ownership of Summit Ventures NE, LLC. This partnership of Win Smith, Bob Ackland and Adam Greshin has restored faith not only in the future of the Mad River Valley, but in the vision of Sugarbush Resort. In addition, a lot of stakeholders in the new luxury lodge are family focused and see The Lodge at Lincoln Peak as an opportunity to create a legacy for succeeding generations. They view these first-class residences with access to all that the Mad River Valley offers as ideal for active family gatherings year-round."

The Lodge at Lincoln Peak, the only ski-in, ski-out accommodation at Sugarbush, will have 141 mountain residences ranging in size from studios and efficient one-bedroom units to luxurious premium three-bedroom suites. All residences will feature high ceilings, designer selected furniture, kitchens, fireplaces, balconies and a host of other amenities that will position The Lodge as one the top destination properties in North America. Boston-based Leggat McCall Properties is overseeing the design and construction of the new Lodge.

For more information about The Lodge, log on to their web site at www.lodgeatlincolnpeak.com.

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Contact: 
     The Lodge at Lincoln Peak
     Jeff Fagan, 207-743-7889
     jfagan@teaminnercircle.com
      or
     Sheila Donnelly & Associates/SDA International
     Babs Harrison, 212-851-8425
     babs@sheiladonnelly.com

Source: The Lodge at Lincoln Peak