In a rare and extensive interview with the Glen Arbor Sun today, Remo Polselli admitted that he is the owner of Sugar Loaf resort, through his share in Rok Investments LLC. Polselli did not specify the extent of his ownership, or who else is involved in the corporation, but added that Liko Smith has no — nor has had any — part of Rok Investments.
The Glen Arbor Sun has learned, through confidential sources, that former Sugar Loaf owner Kate Wickstrom transferred the ownership deed over the long shuttered resort to Remo Polselli in March 2013. Polselli — a hotelier and convicted felon — signed an Indemnification & Release Agreement on March 18, as manager of “Rock Investment Advisors”. Wickstrom, who received the transfer agreement via her Traverse City-based attorney Joe Quandt, signed on March 20. Polselli paid legal fees associated with the transfer.
Oscar Peters — the British-born billionaire international banker who was helping Eneliko “Liko” Smith launch Las Vegas Airways (LV Air) before Smith turned his attention toward Sugar Loaf — has dropped out of the game. Peters’ exit might leave the West Coast hotelier with no viable way to acquire the long-shuttered Leelanau County ski resort.