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July 18, 2007

American Skiing Co. selling last ski area

SALT LAKE CITY (AP) — American Skiing Co. said Monday it was selling its last ski area and going out of business.

American Skiing, which owned 10 ski areas as recently as 2001, said it would sell its flagship The Canyons, a 3,700-acre resort in Park City, for $100 million to an affiliate of Toronto-based Talisker Corp., a luxury resort club operator that has invested heavily in lodging at Deer Valley, another Park City resort.


 
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