CNL unable to complete ski resort transaction by year's end

CNL Lifestyle Properties, a real estate investment trust based in Orlando, Fla., recently sold a number of assets including its senior housing portfolio, a dozen marinas, four attractions, and the Mount Washington Hotel and Bretton Woods ski area in New Hampshire. However, the company is still seeking buyers for 15 ski resorts as well as remaining attractions and marinas, an issue that the company has announced will not be concluded by the end of the year.

In a statement to The Los Angeles Times, the REIT's senior managing director, Steve Rice, said it "continues to evaluate strategic options for the remainder of its ski and mountain properties as it seeks to provide liquidity to its shareholders."


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The ski resorts being sold include the Sunday River and Sugarloaf in Maine, Loon Mountain and Mount Sunapee in New Hampshire, Okemo Mountain in Vermont, Crested Butte in Colorado, Brighton in Utah and Sierra-at-Tahoe in California.

In 2012, CNL was valued at as much as $3 billion.