In early April 2017, CNL Lifestyle Properties closed the deal to liquidate its assets including the ski area lease at Mount Sunapee State Park. Och-Ziff purchased CNL’s remaining 14 ski properties for a reported $374.5 million.
CNL, a Florida-based real estate investment trust, acquired the lease to the state-owned ski area from Okemo’s parent company in 2008 and the state approved the lease assignment at that time.
What next? DRED says: “When [a lease] assignment request is made, it will be reviewed by the DRED Commissioner, in consultation with the Office of the Attorney General, followed by a recommendation to the Governor and Executive Council.”