The owner of 16 major ski resorts including New Hampshire’s Bretton Woods, Loon Mountain and Mount Sunapee is considering leaving the ski industry.
The real estate investment trust CNL Lifestyle Properties says it is still weighing its options, which may include a private buyout or listing the properties as a publicly traded exchange.
The firm owns resorts from Maine to California including Sunday River and Sugarloaf Mountain in Maine, Okemo Mountain in Vermont, Brighton in Utah, Crested Butte in Colorado and Sierra-at-Tahoe in California..
But if a sale goes through a spokesperson for CNL says it would not have much of an impact on skiers because the resort’s long-term leases will remain in place.
If the firm sells the properties to one buyer, it would be the largest single ski resort transaction in recorded history.