Not that the common skier or snowboarder will realize the adaptation, however the sale of venerable Brighton Resort was once introduced Tuesday.
Boyne Resorts, the Michigan-based corporate that has operated Brighton for greater than twenty years, is purchasing the Big Cottonwood Canyon hotel and 5 others from Ski Resort Holdings, an associate of Oz Real Estate. The gross sales worth was once now not disclosed.
Oz purchased those six ski lodges — and 7 others — remaining April from CNL Lifestyle Properties, an actual property funding accept as true with in Florida, for $374.five million.
Boyne firstly purchased Brighton in 1986, then bought it to CNL in 2007 however persevered to function the hotel underneath a hire.
“Our intention all along has been to regain and acquire ownership of these resorts,” stated Stephen Kircher, president and CEO of Boyne, based in 1947 and now the 3rd greatest mountain hotel corporate in North America.
“Boyne Resorts has been a longtime operator of these assets — some for decades — [and] poses no business interruption or integration risk,” he added, predicting the possession trade will “accelerate and fine tune the execution of our reinvestment plans … which will boost our competitive advantage.”
Added Brighton spokesman Jared Winkler: “We don’t anticipate any changes.”
Also bought through Boyne had been Sugarloaf and Sunday River lodges in Maine; The Summit at Snoqualmie close to Seattle; Cypress Mountain in Vancouver, B.C.; and Loon Mountain in New Hampshire. In addition, the sale integrated Gatlinburg Sky Lift in Tennessee.
Closure of the sale is predicted ahead of subsequent iciness, Kircher stated, as soon as regulatory approvals are secured.