27-Year-Old Buys Colorado Ski Resort Out of Bankruptcy For $3.8M

27-Year-Old Buys Colorado Ski Resort Out of Bankruptcy For $3.8M

Skiing

27-Year-Old Buys Colorado Ski Resort Out of Bankruptcy For $3.8M

Being the closest ski area to the Denver Metro area, Echo Mountain Resort is not just another bankrupt ski hill. Just so happens, it just took a 27 year-old University of Denver alum to realize the ski area’s potential.

Related: Denver’s Closest Ski Area Files For Bankruptcy

According to BusinessDen, 27 year-old Peter Burwell and his company Burwell Enterprises are under contract to purchase the front-range ski hill for $3.8 million. Peter, who is the son of Aspen hotel owner and philanthropist Rod Burwell, is currently the CEO of Burwell Enterprises. Rod Burwell passed away last year.

In addition to the 226 skiable acres, the purchase will include ski resort facilities including snowmaking assets, chairlifts, and snow cats. With the purchase, Burwell Enterprises will also pay down SkiEcho’s unpaid creditors. Echo Mountain Resort was previously owned by Nora Pykkonen, who worked to create a world class ski racing facility for front range residents.

Mountain Stats

Annual Snowfall – 275″

Skiable Terrain – 226 acres

Vertical Drop – 600′

Lifts – 3

Nightskiing – Yes

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Find the entire BusinessDen article here: 27-year-old buyer offers $3.8M for bankrupt ski hill

 

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