Spanish Peaks to Shut Down

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Publish Date

10/13/2011

SAM Magazine--October 13, 2011--Spanish Peaks, Mont., a swanky private ski and golf community on Lone Peak, closed its doors and laid off its staff on October 10. According to the "Bozeman Daily Chronicle," the 5,700-acre resort cited the troubled real estate market and substantial operating losses for its closure.



The beleaguered club attempted to restructure debts and attract new investors to no avail, which forced the decision to close. It remains to be seen whether the resort files for bankruptcy.

Spanish Peaks operated three aerial lifts and connected to the terrain at Big Sky and Moonlight Basin.

Comments

Retired Professor, Current Cat Operator

If you want to get excited about the basics of skiing again, check out the "Mountain Rider's Alliance". No more real estate, just real skiing!

Sad

Too bad so much money has been wasted in the ski industry to develop real estate ski areas that will not be open this season. Hopefully ski areas with great skiing will prosper in the future and those with great real estate will be left with too many real estate agents.

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