Tuesday, November 17, 2009
"Wanna buy a ski resort?"
If you follow me on Twitter, you've already seen my re-tweet (RT) of today's Summit Daily News' scoop on the sale of Copper Mountain by Vancouver-based Intrawest to Utah-based Powdr Corporation.
I'm bummed that I missed out on buying Copper Mountain myself.
Does anybody else remember when Copper Mountain was owned by St. Louis-based Apex Oil Company? (That was back in 1980, the year that the Obsessive Skier first put on a pair of downhill skis.) If a guy like Tony Novelly can own a ski area, why can't the Obsessive Skier?
So I've been doing a little online shopping. Here are some options:
Elk Meadows Ski Resort, Utah - Minimum Bid $1,000,000
Snowy Range Ski Area, Wyoming - Bank Owned & Operated Again This Season.
Big Horn Ski Resort in Wyoming is for sale for $20-35,000,000.
Mount Waterman in Southern California is For Sale for $1,650,000. (But, no snowmaking options.)
Maybe we could form a partnership with the investors who bought Ski Rio (Northern New Mexico) back in 2008. I drive through Costilla, NM a couple of times a year and wonder if things will ever turn around for that town.
The ABC News blog reported earlier this year that the Stowe, Vermont Ski Area was on the market.
Hemlock Valley Resort in British Columbia has been looking for some investors.
And if you can get your hands on a lot of kronor, this Swedish town and ski resort is for sale.
Oops...almost forgot this: Clear Fork Ski Area in Butler, Ohio is on the market too.
Interested parties, please contact the Obsessive Skier as soon as possible, as these prime ski resort investment opportunities are bound to move quickly, especially now that Copper Mountain has changed hands for the umpteenth time in recent years.
When it comes to Ski Areas, it looks like a buyers' market these days.
Did I ever tell you that I used to be a real estate broker?
Posted by obsessiveskier at 8:55 PM