Ownership changes inevitable as real estate trust expires in 2015
By Bob Berwyn
FRISCO — Along with a slew of other ski resort villages, Copper Mountain‘s commercial base-area properties (the Village at Copper) may be for sale as part of a “trophy resort village portfolio,” offered for $142.5 million.
According to an online brochure making the rounds, the resort villages can also be bought separately, starting at about $9 million for the smallest and ranging up to about $30 million. The real estate investment services company Marcus & Millichap is offering the properties, which are owned by CNL Lifestyle Properties, Inc..
The Florida-based real estate investment trust (REIT) that became a big player in the mountain resort business when it bought properties all over North America about the time the resort real estate boom fizzled. Continue reading
Filed under: business, Colorado, Copper Mountain, ski industry, Ski Resorts | Tagged: CNL Lifestyle Properties, Copper Mountain Resort, real estate, Real estate investment trust, ski industry | 1 Comment »