Gillett to Buy Grand Targhee

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Booth Creek Ski Holdings, Inc. has reached an agreement in principle to sell Grand Targhee Ski and Summer Resort to Booth Creek Chairman George N. Gillett, Jr. and his family for $11 million.Alta, WY Mar. 17--Booth Creek Ski Holdings, Inc. has reached an agreement in principle to sell Grand Targhee Ski and Summer Resort to Booth Creek Chairman George N. Gillett, Jr. and his family for $11 million.

Completion of the sale, which is slated for May, is subject to finaldocumentation and closing conditions.

By selling Grand Targhee to Gillett, long rumored to be his family'sfavorite area, Booth Creek will be able to concentrate more resourcestowards development at the other areas, namely Northstar-at-Tahoe.