The Sale of 16 Ski Resorts Won’t Happen by the Year’s End according to a real estate investment trust for CNL Lifetime Properties. The 3 billion dollar company will not meet their goal of selling all of their ski resorts, including Crested Butte Mountain Resort, by the end of 2015. Bretton Woods ski area in New Hampshire is the only one of the original 16 properties to sell in 2015. The other 15 resorts, from Main to California are still on the market. If they all sold together, it would be the largest transaction in industry history. Some of the resorts for sale include Okemo in Vermont, Sugarloaf and Sunday River in Maine, Northstar at Tahoe in California and Brighton in Utah. In the Pacific Northwest, Cypress Mountain in B.C. Canada and Stevens Pass in Washington are also among the resorts of sale. With a drought year last year in the Western United States, numbers were down slightly. However, over the last ten years, the financial picture looks good for investors in the ski industry.
If Crested Butte Mountain Resort and the others were to sell, the management companies are believed to stay the same. Therefore employees, operations and policies are likely to remain unchanged.
