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A longtime New Hampshire ski area is for sale
It is billed as "New Hampshire's best kept secret for skiing."
A ski resort in New Hampshire experiencing a record season and celebrating its 60th anniversary is up for sale.
The sale of Ragged Mountain in Danbury, N.H. was posted by CBRE Golf & Resort Group. The listing does not include a sale price.
Doug Anderson, owner of Ragged and co-founder and director of Pacific Group Resorts, is stepping back from the ski industry, Brandon Schempp, first vice president of CBRE told the New Hampshire Union Leader. Pacific Group Resorts manages ski operations at Ragged.
Ragged, located less than two hours from Boston, bills itself as “New Hampshire’s best kept secret for skiing.” The ski area has a vertical drop of 1,250 feet, 57 trails, five lifts, and 250 skiable acres.
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There are two major components to the sale: the resort and ski operations, and 443 acres of development land with the potential for 870 residential units. Combined, the areas total 1,900 acres and the two components may be purchased individually or together, according to CBRE. There is also potential to “expand the resort footprint” by acquiring Pinnacle Peak, an adjacent 604 acres of skiable land, noted CBRE.
Ragged was lauded by CBRE for its “strategic, accessible location” and “established reputation.” The resort is a member of Indy Pass and was recently named among the 10 best ski resorts in New Hampshire by Travel + Leisure and considered the best value in New England by the New England Ski Journal.
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Ragged has had a “banner year in revenue and skier visitation,” Kyle Matzke, marketing manager of Ragged, told the Concord Monitor, noting that the resort had more than 100,000 skier visits for the first time.
Ownership at Ragged has invested $30 million in capital improvements since 2007, according to CBRE, which includes 80,000 square feet of improvement that includes two lodges and advanced irrigation for snowmaking. Anderson purchased the resort in 2007.
Schempp told the New Hampshire Union Leader that there has been “overwhelming’ interest in the resort, with many wanting to maintain its “hometown ski area” feel.
Ragged opened in 1965, had various owners before Anderson, and experienced bankruptcy and shutdowns and growth over the decades, according to newenglandskihistory.com.
Ragged Mountain did not immediately return a request for comment about the sale.
