Michael I. Goldberg, the court-appointed receiver for the sale of the Burke Mountain Hotel and Conference Center, is in the final stages of completing the sale of the property. The hotel is part of a $200 million fraud case involving the former Jay Peak Resort owners. Goldberg has revealed that a potential buyer, Todd Firestone and his proxies, have offered to purchase the hotel for $10 million. However, Goldberg has stated that he is finalizing a contract with a more credible and financially capable buyer at a higher price, without any contingencies. This buyer is also committed to investing millions of dollars into snowmaking and other improvements at Burke Mountain, benefiting the community as a whole.
Goldberg has expressed his preference for this new buyer, citing their deep roots in the community and their commitment to ensuring the stable future of Burke Mountain. He has refrained from engaging in a public dispute with the Firestone Group, and hopes to finalize the deal soon for the benefit of investors and the Burke community. The potential sale of the hotel marks a significant development in the ongoing efforts to resolve the fallout from the fraud case. For more information, visit https://www.jaypeakreceivership.com/.
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