Booth Creek Ski Holdings Inc. has announced the sale of its 30-year leases to manage Loon Mountain in New Hampshire and the Summit-at-Snoqualmie in Washington State to Boyne USA Inc. CNL properties, a real estate investment trust, owns both ski areas.
"Boyne is very happy to be associated with us," Loon's General Manager Rick Kelley said hours after the sale was announced. "They also have Sugarloaf and Sunday River, and that's a good deal for the Eastern skier."
The Threedom Pass, which offers skiing at Loon, Cranmore Mountain Resort and Waterville Valley, will continue to be offered this season.
"That's a great product. We're going to continue it for the rest of this season anyway and then see where we are," Kelley said. Prices range from $799 for an Adult Anytime Pass to $279 for a College Student Anytime Pass.
Kelley has been general manager of Loon since 1998, and an employee for almost 30 years, starting in November of 1977 as a snowmaker earning $2.77 an hour.
Boyne most recently was in the news with purchase of Sunday River and Sugarloaf/USA in Maine, and their immediate resale to CNL Properties, with a lease-back of management of the resorts to Boyne.
CNL owns nine ski resorts: the four mentioned above and Bretton Woods Mountain Resort in New Hampshire, Brighton Ski Resort in Utah, Cypress Mountain in British Columbia, Northstar-at-Tahoe and Sierra-at-Tahoe in California.
Booth Creek continues to own and operate Cranmore and Waterville.