Snowshoe Resort Village Up For Sale
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bob
May 24, 2013
Member since 04/15/2008 🔗
786 posts
The largest resort owner in North America is testing the market by listing seven of its resort villages - including Copper Mountain's base village - for $142.5 million.

"We are exploring what pricing the market might deliver for that portfolio," said Steve Rice, managing director of Florida real-estate investment trust CNL Lifestyle Co.

CNL's portfolio includes eight Eastern ski resorts and nine Western ski areas, including Crested Butte Mountain Resort.
The seven villages - which include 426,000 square feet of commercial space in CNL's resort sites at Copper, California's Mammoth, Canada's Whistler, Ontario's Blue Mountain, West Virginia's Snowshoe, Vermont's Stratton and Florida beach destination Sandestin - are all fully rented and have "improved strongly and steadily" since the 2009 downturn.


http://www.denverpost.com/breakingnews/c....denverpost.com
snow.buck
May 24, 2013
Member since 12/12/2009 🔗
202 posts
??? When did Snowshoe go from Fortress/IntraWest to CNL ????
Crush
May 24, 2013
Member since 03/21/2004 🔗
1,283 posts
Originally Posted By: snow.buck
??? When did Snowshoe go from Fortress/IntraWest to CNL ????

apparently 2004
snow.buck
May 24, 2013
Member since 12/12/2009 🔗
202 posts
OMG - I'm in the middle of contract negotiations! What does this mean for Snowshoe property values?????
Crush
May 24, 2013
Member since 03/21/2004 🔗
1,283 posts
Originally Posted By: snow.buck
OMG - I'm in the middle of contract negotiations! What does this mean for Snowshoe property values?????

lol - maybe Talisker will buy it.
The Colonel
May 24, 2013
Member since 03/5/2004 🔗
3,110 posts
As I understood the sale of the village properties by Intrawest se years ago, it was just that- the sale of the village properties...mostly commercial since the condos are basically owned by multiple individual owners. Intrawest still owns the resort (lifts, rec facilities, etc. and manages same.
The Colonel
Crush
May 24, 2013
Member since 03/21/2004 🔗
1,283 posts
right - resort *property* people like real-estate not the freakin' ski resort.

Ski and Tell

Snowcat got your tongue?

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