B.C.'s prized all-season attraction Grouse Mountain for sale
Tuesday, September 20, 2016, 10:59 AM - North Vancouver's most popular visitor attraction is hitting the open market after almost forty years of private ownership.
Grouse Mountain resort announced on Monday that it retained American commercial realtor CBRE to assist in marketing and selling its facilities.
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A spokesperson for the McLaughlin family (the resort's longtime owners) said the family is selling their 12,000 acres and its operations to pursue other interests.
"The business is doing well so the current owners feel this is the time to do this," Julia Grant said in an interview with The Globe and Mail.
For pass-holders and upcoming visitors, the resort's operations will continue to run as usual, Grant said in a statement.
"We’ve got a lot of longstanding staff here and we’re all looking forward to a great winter ahead, we’ve been investing in getting ready for that and the forecast is shaping up to be an excellent winter.”
In addition to the resort's 26 runs -- a total of 212 acres of skiable terrain -- Grouse boasts four chairlifts and an open-air gondola in the summer time. Its four-season appeal is likely a popular factor in attracting the 1.3 millon visitors the resort sees every year.
Fortunately for some, the land owned by Grouse Mountain resorts doesn't include Grouse Grind, an iconic 2.9-kilometre trail that spans the face of Grouse Mountain.
(Grouse Grind fog, pictured below, captured by Scott Merriman.)
The sale of Grouse Mountain resort comes a month after a Colorado-based company purchased Whistler-Blackcomb for $1.4 billion.
But Grant told the press that the timing is nothing more than coincidental.
During the 2013/2014 season, Ski park Mount Baldy closed after facing financial struggles, the Vancouver Sun reports. It was later bought out for $3.4 million, Business in Vancouver reports.
In November 2015, Vancouver Island's Mount Washington was sold to Park-City UT Pacific Group Resorts.
Grouse's sale comes as the resort nears the mark of its 90th season in operation this winter. In a statement to the press, the McLaughlin family said their decision will "ensure that Grouse Mountain continues to build on its strong heritage and further cultivate the Grouse Mountain brand and opportunities."
The resort is expected to garner a "high level" of interest.
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