Sale of Otago, LLC to Xanterra Resorts

Our client, Otago, LLC, d/b/a Vermont Bicycle Tours, was acquired via stock purchase in December 2012 by Xanterra Resorts, of Denver CO. Due to time constraints involved with the seller requiring a closing prior to the change in capital gains rates at year end, we were able to complete the transaction in eight weeks, inclusive of two holiday periods. Verrill Dana's business group negotiated and advised the sellers on all aspects of the transaction.