Stowe, Vermont (September 9, 2011) – Stowe Mountain Resort, the East’s premier year-round destination, is pleased to announce the hiring of Sam Gaines as Director of Real Estate Development. In his new job, Sam will execute the real estate development master plan strategy for Stowe Mountain Resort and Spruce Peak at Stowe, as well as managing all aspects of real estate design, engineering, permitting, compliance, contracting, construction and sales.

“Sam brings a passion for all areas of the resort experience and a wealth of knowledge about residential real estate equity and development,” states Robert McEleney, CEO and President of Stowe Mountain Resort. “He’s worked with us from within our parent company for several years so his insight and understanding of Stowe Mountain Resort are at the highest level. As an avid outdoorsman, Sam couldn’t be better-suited for life in Stowe,” adds McEleney.

Sam Gaines comes to Stowe directly from New York where he served in an advisory role with Chartis on the acquisition of Stowe Mountain Resort. There, Mr. Gaines worked directly with resort officers to create and implement a long-term strategic plan to elevate the Stowe brand and develop a best-in-class, prospering second-home community. Sam also assisted resort management in making mountain infrastructure and real estate investment decisions. In addition to advising Chartis on Stowe, his experience includes creating and managing investments in multi-family, luxury condominium and mixed-use master plan projects throughout the US.

Gaines notes, “Stowe Mountain Resort has a unique and rich history, as well as an ambitious vision for the future. I am thrilled to be part of the team that implements that vision.”

About Spruce Peak at Stowe
Spruce Peak at Stowe is a new slope-side community located within Stowe Mountain Resort, at the base of Spruce Peak and Mt. Mansfield in Vermont. The intimate alpine neighborhood boasts enviable properties for purchase, a world-class ski resort and spa, 18-hole award-winning Bob Cupp-designed golf course, performing arts center, dining and retail esplanade, year-round swimming and the luxurious Stowe Mountain Lodge. For more information visit www.sprucepeak.com .