CNL Lifestyle Properties is a REIT that owns 16 resorts including Sunday River and Sugarloaf in Maine, Bretton Woods, Loon Mountain and Mount Sunapee in New Hampshire, Okemo Mountain in Vermont, Crested Butte in Colorado, Brighton in Utah, 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." In the short run, skiers won't notice because the long term leases with the companies that operate the ski resorts would remain in place. Boyne manages several of the resorts, including Sunday River and Loon.
* * * From an ABC News article:
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.
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