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One Of The Largest Ski Resort Deals Ever Took Place This Week

Northstar California Resort (one of the resorts purchased) is already looking ready for ski season. Northstar California Resort photo.

According to a press release from  Business Wire, 15 major ski resorts were sold on Wednesday, November 2. EPR Properties bought the 15 resorts from CNL Lifestyle Properties.

Here's what you need to know.

Nothing will change for skiers and employees. 

First off, the properties are just changing hands, nothing will change on the mountain.This is just one real estate investment trust (REIT) buying from another REIT. 

All these mega companies care about is buying more properties, so they have more money from more leases, so they can increase their payments to their shareholder, which make their shareholders happy.

So EPR will act as owners of the resort but all the resorts will continue to operate the mountain as usual.  

The ski resorts include: 

Brighton Ski Resort, Utah

Crested Butte Mountain Resort, Colorado

Cypress Mountain, B.C., Canada

Gatlinburg Sky Lift, Tennessee

Jiminy Peak Mountain Resort, Massachusetts

Loon Mountain Resort, New Hampshire

Mount Sunapee Mountain Resort, New Hampshire

Mountain High Resort, California

Northstar Resort, California (operated by Vail, not owned). 

Okemo Mountain Resort, Vermont

Sierra-at-Tahoe Resort, California

Stevens Pass, Washington

Sugarloaf Mountain Resort, Maine

Summit-at-Snoqualmie Resort, Washington

Sunday River Resort, Maine

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