Wednesday, September 20, 2006

Steamboat Ski area sale update

Things have been heating up as the weather cools here in Steamboat. There has been considerable interest in buying the Steamboat ski area since ASC announced it was for sale. Fortress Group who just bought Intrawest is looking, Vail, The Mueller's, likely Starwood and I'm sure others that I don't know about. The current word from top people is that they have several interested parties and are optimistic a sale can be consummated buy mid-December. With ASC it's never done until the deal has closed so don't get too excited until the party in the streets when a sale is final.

A change in ski area owners can bring a significant move in the local real estate market as seen in Crested Butte, it's not something you can count on but it is worth considering as you weigh your options in Steamboat. Steamboat also has several additional changes coming online that have the potential to dramatically enhance the quality of the base area and downtown experience so give Jon a call if you would like to talk about the implications for your current property or a new one you may be considering. You can reach me @ 970-819-6930 or See one of my previous posts on the Steamboat Ski area sale.

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