Why AIG Is Selling Stowe Ski Operations

The transcript discusses AIG's long-term ownership of the Stowe ski resort, highlighting its strategic patience and investment during the financial crisis. Vail's acquisition of Stowe is explored, noting its potential for profit and expansion on the East Coast. The history of AIG's ownership is recounted, including the founder's personal connection to Stowe. Finally, AIG's shift in real estate strategy towards mortgages and away from certain properties is examined.

What was a significant reason AIG held onto the Stowe ski resort during the financial crisis?

• They were undergoing a major renovation.

• They wanted to sell it to Vail.

• They had no other real estate investments.

• They were planning to close it down.

How did AIG's founder come to invest in the Stowe ski resort?

• He was looking for a vacation spot.

• He wanted to build a new ski run.

• He disliked waiting in long lift lines.

• He was inspired by a local historian.

What is a notable feature at Stowe named after Cornelius Vander Starr?

• A hotel

• A restaurant

• A double black diamond run

• A ski lodge

What recent change has AIG made in their investment strategy?

• They are increasing their real estate holdings.

• They are investing in new ski resorts.

• They are making more mortgage loans.

• They are focusing on energy investments.

What did AIG recently sell as part of their strategic shift?

• A hotel in New York

• A vineyard in California

• A center in Korea

• A ski resort in the Alps