Montage Mountain was purchased from Lackawanna County in 2006 for $5.1 million, when it was renamed Snö Mountain. The group has launched a new website to support the resort, Facing over $24 million of debt, the Philadelphia-based owners of Snö Mountain filed for Chapter 11 bankruptcy protection in October. Under a transition agreement, Jefferson-Werner spent the past two months readying the ski resort’s water park for operations this summer. In Philadelphia on Friday, the bank sold the property unencumbered for $5.1 million to Jefferson-Werner, an urban real estate developer based in Rydal, Penn. Montage Mountain Terrain Overview Montage Mountain has a total of 26 ski trails, which are serviced by 7 ski lifts, gondolas and/or trams. This refined mountain hotel is ideal for an alpine retreat. Montage Deer Valley is a luxury Park City resort located atop Empire Pass, tucked amongst the forested slopes of Deer Valley ski resort. DFM was the high bidder for the property at a bankruptcy auction held in March. An authentic yet elegant mountain getaway, Montage Deer Valley provides unrivaled ski-in / ski-out access to one of America’s premier ski resorts. The 440-acre ski area was sold to its largest creditor, DFM Realty, an affiliate of National Penn Bank of Boyertown, Penn., for $4.6 million. Scranton, PA – With the sale of Pennsylvania’s financially beleaguered Snö Mountain now finalized, its name will revert to its former moniker, Montage Mountain.
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