Another huge move in the consolidation trend as Boyne Resorts announces it will purchase 6 of its ski resorts outright, going from landlord to owner almost overnight.
The Washington Post is reporting that the Michigan-based ski area operator will acquire ownership rights at Brighton, Loon Mountain, Sugarloaf, Sunday River, and The Summit at Snoqualmie. In Canada, they will assume ownership of the Cypress Mountain, which lies just over a half hour outside of the massive market of Vancouver.
The move appears to be defensive, coming at a time when many of the country’s biggest ski areas are picking sides between Ikon and Epic passes. Through acquisition, Boyne Resorts will likely keep partnership options open while retaining physical assets themselves.
Find the entire Washington Post article here: Boyne to assume outright ownership of 6 ski resorts