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Boyne Resorts to Purchase Leased Ski Areas
Boyne Resorts to Purchase Leased Ski Areas
Loon, Sugarloaf, and Sunday River will be owned and operated by the company, pending government approval.
Tuesday, March 13, 2018, NewEnglandSkiIndustry.com
Sugarloaf

After over a decade of operating the ski areas, Boyne Resorts has agreed to purchase its six leased areas from property owner Ski Resort Holdings, LLC. The transaction is expected to close later this year, pending government approval. The purchase price has not been announced.

Boyne has operated Loon, Sugarloaf, Sunday River since entering into a lease agreement with CNL Lifestyle Properties in 2007. Sugarloaf and Sunday River were acquired for $77 million in August 2007, while the Loon lease was transferred in October 2007, as the American Skiing Company and Booth Creek unloaded their New England holdings.

CNL's ski resort holdings were acquired by Ski Resort Holdings, an affiliate of Och-Ziff Capital Management, in the spring of 2017.

Boyne plans to "accelerate and fine tune" investment in the resorts.
According to Boyne Resorts President and CEO Stephen Kircher, "Our intention all along has been to regain and acquire ownership of these resorts."

The transaction also includes Brighton, Cypress Mountain, Gatlinburg Sky Lift, and The Summit at Snoqualmie.


  • Boyne to buy six resorts - Traverse City Record Eagle External link


  • Related Stories on NewEnglandSkiIndustry.com
  • Loon to Replace Gondola Cabins - June 26, 2018
  • Boyne Resorts Completes Purchase of Leased Ski Areas - May 9, 2018
  • Ski Season to Start Before End of Week - November 7, 2017
  • Gould Academy Proposes New T-Bar at Sunday River - September 23, 2017
  • Construction Ramps Up as Ski Season Nears - September 3, 2017


  • More Information
  • Sugarloaf Mountain Resort on NewEnglandSkiIndustry.com
  • Sunday River News on NewEnglandSkiIndustry.com
  • Loon Mountain Resort News on NewEnglandSkiIndustry.com
  • Sugarloaf Mountain Resort on NewEnglandSkiHistory.com
  • Sunday River on NewEnglandSkiHistory.com
  • Loon Mountain Resort on NewEnglandSkiHistory.com


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