Real Estate Investment Trust Seeks Buyer For 15 Ski Resorts (Crested Butte, Brighton, Sugarloaf)

Real Estate Investment Trust Seeks Buyer For 15 Ski Resorts (Crested Butte, Brighton, Sugarloaf)

Real Estate

Real Estate Investment Trust Seeks Buyer For 15 Ski Resorts (Crested Butte, Brighton, Sugarloaf)

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CNL Lifestyle Properties is seeking buyers for 15 ski resorts in what could be the largest single resort transaction in the history of the sport. The list of resorts included in the package includes Sierra-at-Tahoe, Crested Butte, Okemo, Loon and Sunapee in New Hampshire, Sunday River and Sugar Loaf in Maine, and Brighton.

The improving weather out west — which has seen snow this month — may set investors and potential buyers at ease, said Michael Krongel from Mirus Resort Capital in Burlington, Massachusetts, who’s been involved in buying, selling and developing ski resorts for 45 years.” – abcnews

Riders at the resorts should remain calm according to this ABC article because the longterm leases on the ski properties will not be affected if they change hands.

Full List of CNL’s Resorts:

Sunday River in Maine (operated by Boyne Resorts)
Sugarloaf in Maine (operated by Boyne Resorts)
Loon Mountain in New Hampshire (operated by Boyne Resorts)
Mount Sunapee in New Hampshire (operated by Triple Peaks)
Jiminy Peak in Massachusetts (operated by Jiminy Peak Mountain Resort)
Okemo Mountain in Vermont (operated by Triple Peaks)
Crested Butte in Colorado (operated by Triple Peaks)
Brighton in Utah (operated by Boyne Resorts)
Northstar-at-Tahoe in California (operated by Vail Resorts)
Sierra-at-Tahoe in California (operated by Booth Creek Resorts)
Mountain High in California (operated by Mountain High Associates)
Cypress Mountain in BC, Canada (operated by Boyne Resorts)
Stevens Pass in Washington (operated by Stevens Pass Mountain Resort)
Summit-at-Snoqualmie in Washington (operated by Boyne Resorts)

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