By: Associated Press
STOWE, Vt. - Bailed-out insurance giant American International Group wants to sell Stowe Mountain Resort in Vermont.
AIG spokesman Peter Tulupman confirmed the resort went up for sale yesterday, but gave few other details.
He says AIG, which is divesting some of its noncore assets, has received a number of unsolicited queries from qualified buyers. He wouldn't name them or say what the asking price is.
AIG, the subject of a US bailout last year, said last fall it would sell off assets not part of its core insurance business.
The resort includes Stowe Mountain Lodge, mountain operations, and permits for future real estate development.
A Stowe Mountain Resort spokesman referred inquiries to Tulupman.
