On December 9, Pine Meadow Properties LLC purchased Garnet Hill from Mary Fahy and her estranged husband. An Albany NY bankruptcy court approved the sale for a reported $1.2 million.
A blog on Garnet Hill’s web site details work that’s being done to get Garnet Hill into shape. Based on the blog posts, it appears Pine Meadow Properties was ready to purchase Garnet Hill some months before the actual sale. One post notes that Don Preuninger, the principal owner of Pine Meadow Properties, was doing trail work in November. Others detail additional trail work, shipments of new rental gear for the ski shop, cleanup in the restaurant and the general laundry list of things to do when taking over a business. Preuninger didn’t return phone messages seeking comment.