Six New England Ski Resorts to be Sold

Sugarloaf in 2007.

Sugarloaf in 2007. Credit: Jack Heddon / Creative Commons 

In a big preseason sale, Sugarloaf, Sunday River and four other New England ski resorts are being sold. And that’s just part of an $830 million deal that includes ski resorts, theme parks and other recreation properties around the country.

Sugarloaf and Sunday River’s land and infrastructure are owned by a massive real estate investment trust called CNL Lifestyle Properties. Now the resorts are changing hands in a deal that involves two companies, Kansas City-based EPR Properties and Och-Ziff, a multibillion-dollar institutional asset management firm based in New York.

Och-Ziff will be the nominal owner of the Maine properties, although EPR is providing financing as well. The deal is expected to close in 2017.

Visit Maine Public for full story.