About Jay Peak Resort
Vermont's only aerial Tram carrys 60 passengers to the top of Jay Peak
Jay Peak Resort is located in northeast Vermont, approximately 65 miles northeast of Burlington, Vermont and approximately 90 miles southeast of Montreal, Quebec. The resort is located in the town of Jay, Vermont in Orleans County, two air miles from the Canadian border.
The resort opened in 1955, is privately owned by Jay Peak Inc., and is debt free. The resort covers an area of some 4,000 acres (over 6 square miles) and had evolved as a solely winter alpine ski resort unitl some 10 years ago, when major expansion commenced.
In recent years, Jay Peak has been developing the resort as a year-round, all-season destination so that economic viability is strengthened and the resort, its investors and job creation throughout the region has prospered from this 4-season economic structure. The resort has enjoyed over 55 years of successful ski operations, and is known to be one of the most attractive and successful resorts in Eastern North America.
Jay Peak is one of the four largest ski mountains and ski resort facilities in all of New England and being within the Vermont USICS Regional Center provides an opportunity to foreign investors to participate in substantial real estate development to develop the bed base and ancillary facilities at the Resort.
Jay Peak currently has the smallest bed base of any major resort having less than 1,500 beds at present. Resorts that Jay Peak competes with have no less than 10,000 beds per resort and some as high as 20,000 beds, thus providing Jay Peak with an exciting opportunity to expand its hospitality operations.
With ongoing investment by the Jay Peak organization adding extensive resort infrastructure and the opening in 2006 of an 18 hole championship golf course combined with the enormous economic stimulus from foreign EB-5 investors, Jay Peak's bed base growth is now rapidly expanding.
The continued expansion of resort amenities on the three mountains of Jay Peak include facilities that few if any other ski resorts in eastern North America have available, in particular the signature championship golf course designed by renowned golf course architect Graham Cooke, a luxurious Golf Clubhouse, Bar and Restaurant with golf academy and practice facilities, a themed Ski lodge hotel, full service day spa, Olympic size indoor ice arena, a Nordic ski center and many other recreational and entertainment venues all encompassed by world class Alpine and Nordic skiing facilities, serviced by the only high speed cable car (tram) in Eastern North America.
Jay Peak Resort EB-5 projects embrace probably the largest and most successful individual single location EB-5 visa program in the United States.
Jay Peak’s EB-5 Visa Program has been extensively featured throughout the media, including feature programs on US cable TV and broadcast networks such as CNN, FOX, ABC and TV Stations in Korea, China, Japan and Vietnam, and many countries in Central and South America and Europe. Jay Peak Resort and the EB-5 visa programs at the Resort have also been prominently featured in many printed publications as well as via many internet and radio channels.
Jay Peak Resort is surrounded by a primary market of 100 million people in Eastern North America and being only 5 miles from the province of Quebec directly benefits from over 6 million people who reside in the greater Montreal community which is only a 90 minute drive from the resort. Of the near 400,000 persons who visit the Resort each year approximately half of those are Canadian citizens whose economy has remained relatively stable despite decline elsewhere. This coupled with US tourists on the eastern seaboard choosing to vacation closer to home more recently, has seen an ongoing annual increase in attendance at the Resort.
In November 2011, Jay Peak Resort will open Vermont’s only indoor water park. The project is being financed primarily by EB-5 Investors and is projected to substantially increase annual visitation and year round hotel occupancy levels. The water park will feature a retractable sliding glass roof, numerous specialty slides, wave machines and a lazy river all built slope-side at the heart of the resort. The water park maintains the quintessential “Jay Peak” theme and is sensitive to conserving energy employing several state of the art green technologies.
By 2015 Jay Peak Resort itself anticipates it will have invested well over $50 million in cash land or other value to assist in the resort expansion in accordance with a State of Vermont approved Master Development Plan.
Each EB-5 project released by Jay Peak is a further component of the approved Master Development Plan with that component being carefully assessed by both the Jay Peak organization for market viability and the State of Vermont Department of Commerce for EB-5 qualification before being released.