Massanutten Resort now a 100 percent employee-owned company

massanutten resortMassanutten Resort, a four-season resort located outside of Harrisonburg, in the Shenandoah Valley, announced that it is now a 100 percent employee-owned company. All remaining stock of the company, previously owned by company founders Dice Hammer and the heirs of Jim Lambert, has now been purchased by the company’s Employee Stock Ownership Program (ESOP) trust.

Steve Krohn, Executive Vice President and Chief Operating Officer, noted, “This is a momentous event for our company and the community, and everyone should be proud of the accomplishment.  The company founders created our ESOP in 1993.  That the complete buyout took over 20 years to come to fruition is a testament to their long-term vision.  This transition is also a credit to all the hard work and success of our employees.”  Because the ESOP program has been in place many years, taking this final step, while significant to employees, will not result in any noticeable change in the resort.  “Our focus continues to be on guest satisfaction and our company’s long term success.  Mr. Hammer remains President, and he and Jimmy Lambert, son of Jim Lambert, continue to serve actively on our board of directors,” said Krohn.

Matthias Smith, Massanutten Resort’s Vice President and General Manager, commented on the benefits of this transition. “Our employees have always been crucial to our company, as they are the ones who engage day-to-day with our close to a million visitors per year.  This transition will enhance our ability to attract and retain the highest caliber employee-owners, as it offers the unique opportunity to grow with the company as true stakeholders in our success.”

Massanutten Resort relies upon over 1,500 employees to operate 365 days a year.  Including retirees and former employees, over 3,000 people currently participate in the ESOP program.

For more information about employment opportunities and benefits, please visit


UVA Basketball Fans!

uva basketball team of destiny
Team of Destiny: Inside Virginia Basketball’s Run to the 2019 National Championship, by Jerry Ratcliffe and Chris Graham, is available for $25. The book, with additional reporting by Zach Pereles, Scott Ratcliffe, and Scott German, will take you from the aftermath of the stunning first-round loss to UMBC in 2018 through to the thrilling overtime win over Texas Tech to win the 2019 national title, the first in school history.

Dick Vitale on Team of Destiny: “This is a hoops story you will LOVE! Jerry and Chris capture the sensational and dramatic championship journey by Tony Bennett and his tenacious Cavalier team. UVA was Awesome Baby and so is this book!”

Ralph Sampson on Team of Destiny: “Jerry and Chris have lived and seen it all, even before my time. I highly recommend this book to every basketball fan across the globe. This story translates to all who know defeat and how to overcome it!”

Feedback from buyers: “Got the Book in the Mail Saturday, and could not put it down! Great read and great photography as well! Love all of the books I’ve received, but hands down, this is my favorite!” – Russell

Buy here.

augusta free press news
augusta free press news
augusta free press news