Tag Archives | DRED

CNL liquidates ski areas including Sunapee lease

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.”

See more…

See FOMS Spring 2007 Update

Copyright 2019 Friends of Mount Sunapee