The Sugarbush ski resort in Warren is canceling plans to build a 280,000 square foot hotel. Officials say they couldn’t secure enough financing to pay for the construction of the Lodge at Lincoln Peak.
Sugarbush President Bob Ackland says he and other officials are extremely disappointed. But he says the resort’s first commitment must be the needed improvements to the resort. He says any delays in the hotel project could have significantly increased the price.
Win Smith, the chairman of Sugarbush’s parent company, Summit Ventures, says they will continue to market the resort and establish it as a year-round destination.