According to a story in the Wall Street Journal, Florida-based investment company CNL Financial Group, Inc. is close to closing on the purchase of three resorts today.
The REIT is expected to close a deal Friday that will add Colorado’s Crested Butte Ski Resort, Okemo Mountain Resort in Vermont and Mount Sunapee Ski Resort in New Hampshire to its portfolio of 112 properties. The company owns several other ski properties, including Sugarloaf in Maine and Mammoth Mountain Village in California, as well as dozens of golf courses and water parks.
Seems a strange time to be investing in ski resorts, but maybe they were really cheap.
[Link: Wall Street Journal]
