Gray Rocks Gets New Owner, Plan

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SAM Magazine--Mont Tremblant, Que., Aug. 24, 2004--Daniel Cordier, a shareholder in the Gray Rocks ski area, is purchasing the area and will open it for the 2004-05 season. The purchase follows the announcement in early July that the area and its hotel would close for the coming winter season. Cordier has held the title of hotel vice president from the time of its 1993 purchase. He takes over on Nov. 1.

Currently, Gray Rocks offers hotel and condo accommodations, a conference center for 500, and a four-season recreational facility that includes the ski hill, a well-known ski and snowboard school, cross-country skiing, 22 tennis courts and tennis academy, two golf courses and academy, equestrian center, marina and private beach. To this, Cordier plans to add a five-year, $120 million expansion that will provide a 220-suite hotel, spa, and conference center. Construction could begin as early as this fall.