Friday, December 05, 2008

Okemo MT Vermont Sold

With the economic down turn and families cancelling ski vacations this is no surprise. One of the last family run ski areas is being sold.
CNL Lifestyle Properties Inc., a real-estate investment trust based in Orlando, Fla., is expected to announce that it will acquire three U.S. ski resorts for $132 million. The purchase includes Crested Butte, Mount Sunapee and Okemo. 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.
According to sources Triple Peaks LLC of Ludlow, Vt., which currently owns and operates the ski areas CNL will buy, will continue as operator of Okemo located in Ludlow VT.
Lets hope Okemo doesnt change with this sale. The Resort has become one of the best run resorts in New England by offering great service and on mountain food at affordable prices. No dried out hamburgers at Okemo. Theirs nowhere else that you can get a taco salad loaded with all the fixings for under $8.00.