Killington Resort Sold to Local Investors

Vermont's Killington Resort, the largest ski resort in New England, is being sold by POWDR Corp. to a group of local investors led by Phill Gross and Michael Ferri. POWDR will retain a minority ownership stake and a seat on the board. The new owners, who have deep ties to the Killington community, plan to focus on capital investment, community engagement, and sustainability while maintaining current leadership and management. Daily operations, including the use of the Ikon Pass and hosting the FIS Ski World Cup, will remain unchanged. POWDR is also listing other resorts for sale as part of its strategy to balance and diversify its business.