Skip to main content

POWDR to sell Killington Resort and Pico Mountain to local investors

New owners will bring capital investments to Killington

Killington Peak Vermont
Killington Peak Wikimedia Commons

POWDR, the current owner of Killington Resort and Pico Mountain, will sell both to local investors. Michael Ferri and Phil Gross, two Killington homeowners, lead the investor group. According to a press release, the sale will close this fall, with the price yet to be released. The group will share details on capital investments at that time.

Killington and Pico will have new owners with a passion for winter

chairlift at Killington Resort
Killington Resort Wikimedia Commons

Gross and Ferri are deeply involved in winter sports, and each owns a home in the area. Ahead of the sale, they shared their enthusiasm for making Killington even better, saying: “We are thrilled to guide the mountain into a substantial investment phase. We look forward to giving them the resources to up our game and continue to evolve Killington as a leader among world-class resorts with strong local roots.”

Recommended Videos

Ferri owns and partners in East Coast Valvoline Instant Oil Change locations. He began visiting Killington as a boy, and his family has owned a house there since 1970. Since 2008, he’s been a Killington Mountain School trustee.

Gross co-founded Adage Capital Management and is a board member of the U.S. Ski and Snowboard Association and World Cup Dreams Foundation. In addition, he started the Killington World Cup Foundation and Share Winter Foundation.

Mike Solimano, President and GM of Killington Resort, said: “This local group, they’ve been skiing here for decades, and they really like what we’ve been doing — so they just want to be able to give us more resources to continue to make Killington a great resort.”

Mark Reif
Mark Reif is a writer from Stowe, Vermont. During the winter, he works as a snowboard coach and rides more than 100 days. The…
Why Finest Punta Cana will change your view on all-inclusive resorts
Not your average all-inclusive resort
Finest Punta Cana

Over the past few years, I have been fortunate to travel to several all-inclusive resorts across Mexico and the Caribbean. I've never had a bad experience -- but there's no question that some resorts are better than others. Some cynics of the "all-inclusive life" say these resorts have sub-par food and poor service. However, Finest Punta Cana begs to differ -- in every sense of the term. This resort is truly the top tier of all-inclusive resorts and a must-stay for anyone disappointed by all-inclusive resorts in the past.

While staying at Finest, you get the "care-free" atmosphere of the all-inclusive, which means you can head into the pool and to the pool bar without grabbing your wallet. Yet, that doesn't mean you have to compromise luxury and quality. Here's why the Finest Punta Cana resort changed my mind about all-inclusive resorts and might change yours, too.
Modern, updated atmosphere and design

Read more
Discover the newly revamped Islander Resort in the Florida Keys
The new resort features newly-renovated bungalows, suites, and two-bedroom villas.
Islander Resort

The Islander Resort in Islamorada has completed a stunning transformation, unveiling newly renovated bungalows, suites, and two-bedroom townhome villas. Along with updated resort grounds and amenities, the resort has introduced new dining options and refreshed event spaces.

The resort’s beachfront, the largest in Islamorada, provides the perfect place to relax. Intimate palapas and sun huts create cozy retreats, while comfortable beach loungers offer the ideal spot to soak up the Florida Keys sun. The natural beauty of the area is complemented by fresh landscaping, including 60 newly planted palm trees.

Read more
The best Midwest ski resorts for a weekend getaway on the slopes
Whether you're going with kids or your partner, these are the top Midwest ski resorts to check out
Ski lift

The Midwest is known for many things -- endless cornfields, die-hard football fans, and some of the friendliest people you'll ever meet. But while skiing may not be the first thing that comes to mind, the Midwest is home to some surprisingly impressive ski resorts that are ideal for winter enthusiasts. There are plenty of well-known ski towns in the Midwest, including the town of Ishpeming in northwestern Michigan, which is credited with being the so-called birthplace of organized skiing in America, as the original home of the National Ski Association, created in 1905 -- and now known as US Ski & Snowboard.

Remember, though, Midwestern winters can include extreme conditions, so be ready for bone-chilling winds and icy temperatures with the best ski and snowboard jackets and the best ski gloves in your snow sports arsenal. You'll also want to make sure your skis are good to go. After all, many experts say showing up with the right ski gear is the most important part of a day on the slopes. "When driving down an icy mountain road, it is reassuring to know your car is fitted with snow tires and fully functional brakes," said ski instructor Marco Furio in an interview with New Generation. "The same concept can be applied to skiing. The sport is about learning to trust your equipment and its capabilities, as well as your own."

Read more