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Buncher Deal Goes Through In Pennsylvania
By Craig Altschul September 07, 2007
Hidden Valley Resort's Keith James told The Industry Report last month they were well aware that the calendar pages were turning fast toward the ski season. The deal for Pittsburgh's Buncher Co., a 90-year-old real estate development firm, to acquire the financially troubled ski area and bring it back to "premier status" finally went through last week.
The Pittsburgh Tribune-Review research of county records shows Buncher Co. paid about $12.4 million for the ski area that lies just 60 miles from Pittsburgh. The Kettler Brothers, a Maryland-based family firm, has operated Hidden Valley since 1983.
Improvement plans over the next three-to-five years designed to "return Hidden Valley to its glory days, as a premier family resort" will be announced in mid-October, Bill Doring, Buncher Vice President and Ttreasurer, told the newspaper. He should know, he's got the checkbook.
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