Saddleback Maine is for sale for a cool price tag of $12 M.
The Berry family has sunk $40 million in needed upgrades and resort improvements at Saddleback over the past 10 years, but they say itâ€™s now time to bow out of the Maine ski resort.
The 400-acre, 2,000 vertical-foot ski resort near Rangeley was listed last month with Malone Commercial Brokers of Portland for an asking price of $12 million. Theyâ€™re willing to stay on as partners or sell the property outright, either to a private owner or to a non-profit entity. Faith Berry, one of seven Berry children, says Saddleback’s workforce has increased from 66 to 250 since the family bought it in 2003. The family wants the resort to continue to create jobs in a part of Maine with limited employment opportunities.
The Berry family will keep the remaining 7,600 acres of land they own adjacent to the ski area. The prospective sale is expected to have no effect on Saddlebackâ€™s operations this winter.
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