Blue Ridge Real Estate Co

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International Guild of Hospitality & Restaurant Managers

P.O. Box 707
Blakeslee , PA 18610

Phone: (570) 443-8433
Fax: (717) 443-8479

Blue Ridge Real Estate Company, incorporated in 1911, is an investment property owner in Northeastern Pennsylvania . The Company owns 18,709 acres of land, which are predominately located in the Pocono Mountains . These lands are held entirely as investment property, and the primary sources of revenues involve ski facilities and real estate management operations. Big Boulder Corp., a wholly owned subsidiary, owns 929 acres of land, which includes a 175-acre lake, the Big Boulder Ski Area and the Mountain's Edge.

Blue Ridge's income is derived from these lands through leases, selective timbering by others, condemnation, sales and other dispositions. The Company also owns the Jack Frost Mountain Ski Area, a 225-site campground, a retail store leased to Wal-Mart and a shopping center, which is leased to Jack Frost Mountain Company.

Jack Frost Mountain Company, a wholly owned subsidiary of Blue Ridge , commenced operations on June 1, 1981. It was created to lease and operate the Jack Frost Mountain Ski Area and to provide certain services to other facilities, such as the Snow Ridge resort community, and to operate recreational facilities located within the Jack Frost Mountain tract.

The Jack Frost Mountain Ski Area, which commenced operations in December 1972, is located near White Haven, Carbon County , Pennsylvania . The Jack Frost Mountain Ski Area consists of 21 slopes and trails, comprising a snowboard slope, snowmobile course, snowtubing hill, five double chairlifts, two triple chairlifts, one quad chairlift and various buildings that include a Summit Lodge with food service, a cocktail lounge, a ski shop and a ski rental shop. The total lift capacity per hour is 12,000 skiers. These facilities are situated on approximately 473 acres owned by Blue Ridge and leased to Jack Frost Mountain Company.

Northeast Land Company, a wholly owned subsidiary of Blue Ridge , was formed in 1967. Major assets consist of 103 acres of land in Northeast Pennsylvania . Revenues are from managing the rental homes at Snow Ridge, Blue Heron, Laurelwoods and Midlake as resort accommodations, from real estate commissions for the sale of homes in these resort communities and from Trust and Condo fees for services to these resort communities. Northeast Land Company also receives revenue from a land lease to a Burger King franchise and from leased space on a 196-foot communication tower.

BRRE Holdings, Inc., a wholly owned subsidiary of Blue Ridge, was formed in 1986. It was established for investment purposes.

Big Boulder Corporation

Big Boulder Corp., formed in 1949, owns the Big Boulder Ski Area, which is leased to Lake Mountain Company, as its principal source of revenue. Lake Mountain Company, a wholly owned subsidiary of Big Boulder Corp., was formed in Pennsylvania in 1983 and commenced operations on June 1, 1983. It was created to lease and operate the Big Boulder Ski Area, as well as operate the recreational facilities located within the Big Boulder Lake tract.

The Big Boulder Ski Area's physical properties are located in Kidder Township , Carbon County , Pennsylvania . The Big Boulder Ski Area commenced operations in 1947. It contains 14 slopes and trails, consisting of a snowboard terrain park, snowtubing hill, five double chairlifts, two triple chairlifts and various buildings that include a base lodge providing food service, a cocktail lounge, a ski shop and a ski rental service. The total lift capacity per hour is 9,600 skiers.

A sewage treatment facility was constructed by Big Boulder Corp. to serve the resort housing within the Big Boulder tract. The facility can treat 225,000 gallons per day and is leased to Lake Mountain Company for operation.

Big Boulder Corp. constructed the Mountain's Edge Restaurant, which covers 8,800 square feet and is located on the east shore of Big Boulder Lake , Kidder Township , Carbon County , Pennsylvania . The facility, leased to a private operator, commenced operations in May 1986. The restaurant has dining capacity for 100 patrons. The Big Boulder Lake Club includes a 175-acre lake, swimming pool, tennis courts, boat docks and accompanying buildings.

BBC Holdings, Inc., a wholly owned subsidiary of Big Boulder, was formed in 1986. It was established for investment purposes.

Disclaimer:
The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly advised to obtain professional advice with qualified individuals or corporations for any investments of funds.

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