marzNC
Angel Diva
Recently there was mention that the resorts in New England that are managed by Boyne are up for sale. The owner is CNL Lifestyle Properties, which is a REIT that owns 16 resorts. Boyne has long term leases to operate Sunday River and Sugarloaf in Maine, Loon Mountain, NH, and Brighton in Utah. Other CNL ski resorts include Bretton Woods,and Mount Sunapee in New Hampshire, Okemo Mountain in Vermont, Crested Butte in Colorado, , and Northstar-at-Tahoe and Sierra-at-Tahoe in California. CNL announced on March 14, 2015 they are looking to sell as part of an expected "exit strategy" since the REIT is nearing its expected endpoint as an investment venture.
* * * From an ABC News article on 3/14/15:
A Boyne official said skiers needn't worry about the potential sale of their beloved ski mountains.
"For the skier, it's a nonevent," said Steve Kircher, president of eastern operations for Boyne, which will remain the lease holder, regardless of ski resort ownership, for several more decades.
* * * From an ABC News article on 3/14/15:
A Boyne official said skiers needn't worry about the potential sale of their beloved ski mountains.
"For the skier, it's a nonevent," said Steve Kircher, president of eastern operations for Boyne, which will remain the lease holder, regardless of ski resort ownership, for several more decades.