The sale of the Brighton ski area and 13 other resorts across the U.S. and Canada is one step closer to being finalized.
On Tuesday, a sale agreement for Brighton was approved between Orlando-based CNL Lifestyle Properties to Kansas City’s EPR Properties. Both of those are real estate investment trusts. That means they own the resort properties and infrastructure, but the ski areas are operated by separate companies. In Brighton’s case, that’s Boyne Resorts.
CNL owned Brighton for the past decade. According to representatives from CNL, they're selling the resort because the company is dissolving and they’re in the process of selling off their assets.
In addition to Brighton, the sale will include 13 other ski resorts throughout the West, Canada and the Northeast and a portfolio of waterparks, amusement parks and family entertainment centers. The ski resort portion of the sale is listed at $374 million.
Company representatives declined to be interviewed for this story, but said though the resort is changing hands, skiers and snowboarders will experience few differences in daily operations.
The sale was in the works for the past two years and is expected to close in the Spring of 2017. The sale agreement came just in time for the start of this year’s ski season.
Around Salt Lake City, the earliest opening weekends will be at Alta, Snowbird, Solitude and Park City on the 18th and 19th of November. Brighton has not announced an opening day yet.