American Skiing Company was one of the largest operators of alpine ski, snowboard and golf resorts in the United States. Its resorts included Sunday River and Sugarloaf in Maine, The Canyons in Utah, Killington, Mount Snow, Haystack, Heavenly and Steamboat. In the early 2000s, the company sold all assets and shut down in 2007.
History
In 1980, Les Otten, the son of a German immigrant, purchased the Sunday River resort for $840,000 from the Sherburne Corporation. Sunday River included one double chair and a couple of surface lifts at the time. Sunday River slowly grew to become New England's second most popular resort in the 1990s.
In 1994, Otten formed LBO Resort Enterprises Corp and purchased Attitash in New Hampshire. By 1995, Sugarbush, Vermont was added to the portfolio of LBO resorts.
In 1996, Otten purchased Mount Cranmore in the Mount Washington Valley of New Hampshire. Later that year, Otten sought to purchase S-K-I Ltd., owners of Killington, Mount Snow, and Haystack, Vermont, Waterville Valley, New Hampshire, and controlling interest in Sugarloaf, Maine.[1]