Greek Peak Mountain Resort has seen a small change in ownership, as John and Christine Meier yesterday (December 15) announced they’re now the sole owners of the company, which also owns Toggenburg Mountain in Fabius.
The Meiers have been half-owners for the past six years with John’s longtime business partner, Marc Stemerman, until they acquired the additional 50% from him last month.
Meier and Stemerman bought Greek Peak out of bankruptcy for $7.5M in 2013 and purchased Toggenburg, 30 minutes from Syracuse and Cortland in Onondaga County, in 2015.
Since 2013, they’ve invested more than $10 million in the two businesses.
“I think becoming the 100 percent equity owners of Greek Peak will give a unifying vision around the direction of the resort moving forward,” said J. Meier. “We are a family of skiers and snow sports are near and dear to our hearts. We live the brand.”
Greek Peak has 220 skiable acres with six ski lifts, 60 trails, night and cross-country skiing, and tubing. Toggenburg has 20 trails, five lifts, and a tubing center.
John and Christine Meier, who have been skiing Greek Peak for more than 30 years, said they’re excited about the future of the two ski areas.
“Having raised our children as skiers at Greek Peak from the time they were toddlers, Greek Peak is a lifestyle for us – getting fresh air in the winter, doing outdoor activities year-round, unplugging and spending quality time together has been the best thing that we could do for our family and we’ve had a blast while doing it!” said C. Meier. “We were customers long before we were owners, so we’re thrilled to have the opportunity to guide the future of the two mountains.”