Popular New Hampshire Ski Area Is for Sale

Ragged Mountain features 57 trails across 250 acres, including groomed trails with 85% snowmaking coverage. The base includes the four-story, 19,000 square foot “Meeting House,” the three-story, 35,000 square foot “Elmwood Lodge,” and the 1,000 square foot Ticketing Office. It also houses a high-speed, six-person chairlift.

The ski resort is a member of the independent-mountain-focused Indy Pass. 

In the sale, two parcels are available for purchase individually or together—the ski area itself and the surrounding 443 acres of development land, the digital brochure said. The digital brochure highlighted Ragged Mountain’s “strategic location” and “established reputation.”

The ski area is within a few hour’s drive of New England population centers like Portland, Maine, and Boston, Massachusetts. This winter, Ragged Mountain surpassed 100,000 skier visits for the first time, according to its marketing manager, Kyle Matzke, who spoke with the Concord Monitor.

“It’s been a banner year in revenue and skier visitation,” he said.

The mountain first opened in January 1965, according to NewEnglandSkiHistory.com. Almost a decade later, following the challenging 1973-1974 winter, Ragged Mountain went bankrupt and was purchased at an auction by the state of New Hampshire for around $231,000. The state then sold it to a group of investors.

Their tenure lasted about ten years and ended with the temporary closure of Ragged Mountain.

Under new ownership, Ragged Mountain reopened in 1988. RMR-Pacific LLC, a subsidiary of Pacific Group Resorts, purchased the property nearly two decades later and has made several upgrades, including a new snowmaking pond and the construction of the Spear Mountain Express Quad. According to the digital brochure, Ragged Mountain has seen $30 million in capital improvements since 2007.

These investments, said Jeff Woolson, vice chairman and managing director of CBRE, have set up Ragged Mountain "for future success under a new owner."