Sugarloaf, Sunday River, Crested Butte, Okemo, Brighton, Mt.
Sunapee, Northstar, Sierra at Tahoe, some of the biggest resorts in the country are for sale!
CNL is selling off their properties.
This will NOT change the daily operations of the resort.
Think about it as your landlord selling the rights to your lease to someone else.
The owners are different, but you get to stay in your apartment.
This relationship is very common among big resorts, and is usually beneficial to the operating company.
But like in every lease, it is important for the operating company to be on top of things.
This is why Park City is now owned by Vail Resorts.
If Powdr had simply filed paperwork on time, we would not see Vail owning Park City.
Resorts sell the land to free up capital and make massive improvements they otherwise could not afford.
Think about it as your landlord giving you money to redo your floors.
(photo by luxuryskitrips.com)
Down the road from Sunday River is a small family owned resort called Mt.
Abram, you know who doesnt have the money to make massive improvements?
None of the small resorts do.
Even if you grow up at one of these small resorts, most skiers move on.
And we see the death of these mountains.
They struggle financially, unable to attract crowds, unable to attract new skiers, unable to make improvements.
I have always been an advocate of the local hill, but I am a hypocrite as well.
I ski at a large resort, and I love it.
But I also ensure to visit my old homes, the small hills.
A lift ticket purchased at the small hills make a bigger difference than one would expect.
Cheers, and choose wisely.
