For Sale: AIG-Owned Ski Resort

While AIG chief Ed Liddy was speaking before the House Oversight and Government Reform Committee today, the bailed-out insurance giant that he runs was moving to shed one of its more high-profile assets: a ski resort in Vermont. The company confirmed to The Burlington Free Press late this afternoon that the Stowe Mountain Resort in Stowe, Vermont hit the market this morning. A sale price wasn’t disclosed. AIG, which is divesting some of its non-core assets, has received a number of unsolicited queries from qualified buyers, according to the company spokesman. AIG, the subject of a federal government bailout last year, said last fall it would try to sell off assets that aren’t part of its core insurance business. The resort includes Stowe Mountain Lodge, mountain operations and permits for future real estate development. “We are selling assets and businesses where possible, despite adverse conditions in global financial markets," Liddy told the congressional committee. Troy McMullen