Sunlight On Sale for $50 Million
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4 comment(s)
Publish Date
10/13/2005
SAM Magazine-Glenwood Springs, Colo., Oct. 13, 2005-Sunlight Mountain Resort, 10 miles southwest of Glenwood Springs, Colo., is for sale for $50 million, according to Richard Schafstall, president and CEO.
The sale includes the U.S. Forest Service permit for the 2,081 acres (including 67 trails and 470 acres of skiable terrain), four lifts, a base lodge, the Sunlight Ski School and Children's Center, a food and beverage operation, a snowmobile tour company, and rental-retail outlets onsite and in Glenwood Springs. The sale also includes 400 acres of Sunlight-owned developable land, which has the potential to support more than 700 residential units.
Sunlight, situated midway between and less than an hour from both Vail and Aspen, recorded more than 100,000 visits in its best-ever year. There are three airports within an hour's drive, and Glenwood Springs is home to several year-round attractions. The resort has advertising partnerships with the Hot Springs Pool and numerous hotels and lodges, and offers shuttle service for the short commute.
Avon, Colo.-based Jerry D. Jones & Associates is the exclusive listing real estate brokerage.
Comments
It's about real estate
Guest on 10/31/2005 - 3:00am
They are no doubt speculating that the residentail real estate development potential at the base may be valued like the rest of the outrageously priced Roaring Fork Valley. However, being at the end of a somewhat long, narrow road in a dark, narrow little valley with no views, no services, etc could prove difficult for them if residential development potential is the justification for the asking price.AJW
Guest on 10/18/2005 - 2:00am
I guess that means Steamboat, with 1 million skier visits, is worth $500 million.Won't that make ASC happy!
mike
Guest on 10/17/2005 - 2:00am
It never hurts to askToo pricey
Guest on 10/15/2005 - 2:00am
100,000 skier visits in it's best year isn't going to generate the returns that are necessary to invest 50 big ones.What's the real price?
Erin.
