According to the Wall Street Journal, Peaks Resorts has agreed to buy Hunter Mountain ski center in New York. The purchase price is $36.8 million and Peak Resorts says that it will likely complete the purchase by the end of the year. According to Timothy D. Boyd, Peak Resorts' president, "Hunter Mountain, under the stewardship of the Slutzky families, has become one of the iconic ski resorts in the northeastern United States. Its reputation as one of the premier snow-making resorts in the East makes it a perfect fit for our portfolio and strategy. We look forward to continuing the rich tradition the Slutzky families have built."