By partnering with one of the very best resorts on the East Coast, Sugarbush Resort, we offer our investors an outstanding opportunity make a qualifying EB5 investment in valuable slope-side commercial real estate.
Sugarbush Resort is a 5,100-acre, four-season, destination resort located in the beautiful and historic Mad River Valley of Central Vermont. Sugarbush has it all: a world-class winter resort renowned throughout the East as having the “best terrain east of the Rockies,” great kayaking and canoeing during spring run-off, fabulous summer entertainment options including a slope side golf course, and some of the most scenic fall “leaf-peeping” in the country. And all of this is located approximately 45 minutes by car from Burlington, 3 hours from Boston, and 5 hours from New York City.
Originally established in 1958, the Resort was purchased by Summit Ventures in 2001. During the last five years, the new local owners have worked to revitalize the Resort by modernizing lifts, expanding snow making and enhancing the overall “on mountain” experience.
In December 2006, the Resort finished their $60 million, Phase I base-village redevelopment to rave reviews in the press, including articles in the Robb Report, the New York Times and the Boston Globe. In October 2007, the Resort was very proud to be voted the #3 Best Resort in the East Coast by Ski Magazine. The new Sugarbush Resort beat out Stratton, Mt. Snow, Killington, Okemo and all New Hampshire ski areas.
The EB5 Sugarbush Fund is proud to partner with the famous Sugarbush Resort in the development of their new Phase II base-village expansion.
We are also proud to work with Winthrop “Win” H. Smith, Jr., the President and majority owner of the Sugarbush Resort. A long time skier, Mr. Smith was previously a 28 year veteran of Merrill Lynch & Co and served as an Executive Vice President and member of Merrill Lynch & Co.’s Executive Management Committee prior to taking over at Sugarbush Resort. He was also Chairmen of Merrill Lynch International from 1992 to 2002. Mr. Smith’s father was one of the founding partners of Merrill Lynch and served as its managing partner from 1940 until his death in 1961. In addition to being Chairman of Summit Ventures, he is a director of several public and private firms in the United States and Canada and is involved in numerous philanthropic ventures. He is a graduate of Amherst College (BA) and Wharton Graduate (MBA).
See Win Smith interviewed by Newsweek on October 31, 2007, and by CNBC video interview on October 29, 2007.