Richmond, Utah – One of Utah’s newest ski resorts is officially looking for a new owner.
Cherry Peak Resort, located in Cherry Canyon just east of Richmond, Utah, has been listed for sale with an asking price of $22.5 million. The listing, which first appeared around July 13, includes the fully operational four-season resort located about 15–20 minutes north of Logan and roughly 90 minutes from Salt Lake City. Current ownership says the resort will remain open and continue normal operations throughout the sale process.
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A Rare Chance to Buy an Operating Ski Resort
Publicly listed ski resorts are uncommon, making Cherry Peak one of the more interesting mountain properties currently on the market.
Construction on the resort began around 2013, and Cherry Peak officially opened for skiing on December 21, 2015, making it one of Utah’s newest full-service ski areas. The resort was developed by local landowner John Chadwick, whose family has owned the property since 1967. Planning for the project dates back to around 2009 after Chadwick was encouraged by an Olympic ski coach who recognized the area’s skiing potential.
What’s Included in the Sale?
According to the active listing, the sale includes:
- 174 deeded acres
- More than 220 skiable acres
- Three triple chairlifts
- One magic carpet lift
- 29 named runs
- Dedicated terrain park
- Snowmaking system
- Tubing hill
- A 15,784-square-foot, three-story base lodge
- Summer concert venue
- Wedding and event business
- Additional development opportunities
The lodge features ticketing, rentals, and resort operations on the main level, a restaurant, commercial kitchen, stage, and event space on the second floor, and an expandable ballroom with bridal space on the third.
Cherry Peak offers approximately 1,265 feet of vertical drop, rising from a base elevation of roughly 5,775 feet to a lift-served summit just over 7,040 feet. While the nearby Cherry Peak summit reaches 9,765 feet, lift-accessed skiing remains below that elevation, with backcountry terrain extending into the surrounding Bear River Range.
A True Four-Season Destination
Although skiing remains the primary attraction, Cherry Peak has steadily evolved into a year-round destination.
The resort hosts summer concerts, weddings, festivals, corporate events, and private gatherings, helping generate revenue well beyond the winter season. Its 2026 summer concert series has continued to attract visitors from throughout northern Utah.
Listing materials also highlight significant future development potential, including:
- Existing city utilities
- Year-round county road access
- Entitlements for multiple single-family homes
- Potential for incidental lodging with 15 or more guest rooms
The property is bordered by the 44,000-acre Mount Naomi Wilderness and more than 14,000 acres of Utah state land, creating an impressive mountain setting while offering long-term expansion opportunities.
Built for Local Skiers
Cherry Peak has built its reputation as an affordable, family-oriented alternative to Utah’s larger destination resorts.
Popular features include:
- Night skiing
- Family-friendly terrain
- Snow tubing
- Terrain park
- Affordable lift tickets and season passes
- Easy access from Logan and Utah State University
The resort has also partnered with other ski areas through reciprocal pass benefits, helping establish a loyal customer base throughout Cache Valley.
The Biggest Challenge: Snow Reliability
Cherry Peak’s greatest challenge is also its geography.
Its relatively low base elevation can make maintaining consistent snow coverage difficult during warmer winters, even with extensive snowmaking. In recent seasons, the resort has often operated shorter schedules while placing greater emphasis on evening skiing, when colder temperatures improve snow conditions.
For prospective buyers, improving snow reliability while continuing to expand four-season revenue will likely be key to the resort’s long-term success.
An Affordable Entry Into Ski Resort Ownership
At $22.5 million, Cherry Peak represents one of the more affordable opportunities to purchase a fully operational four-season ski resort in North America.
While major destination resorts frequently sell for hundreds of millions—or even billions—of dollars, those transactions are almost always private. Cherry Peak offers buyers an established ski operation complete with lifts, snowmaking, event facilities, an existing customer base, and future development potential at a fraction of that cost.
Whether it ultimately proves to be a bargain will depend on a buyer’s vision, ability to grow summer business, and strategy for overcoming the mountain’s snow reliability challenges.
For anyone who has ever dreamed of owning a ski resort, opportunities like this don’t come around very often.