Ownership changes for Sugarloaf, Sunday River

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MAINE (WABI) - A Michigan-based ski resort operator has reached an agreement to assume ownership of Sugarloaf and Sunday River.

The pair of Maine ski resorts are among seven that Boyne Resorts will take over after having long term lease agreements.

The deal is expected to be finalized later this year.

The Boyne president said that the move will allow the company to accelerate investing in the locations.