Alterra Mountain Company has announced that it has entered into an agreement to purchase Arapahoe…
I had to send out a quick e-mail with this news. As I’ve written in the past the best real estate investments are associated with one of the two behemoths in the industry (Alterra or Vail). Today a big announcement that Vail resorts is buying 3 more resorts will be a game changer for real estate in one town in Colorado. One of the most well known resorts in Colorado was just bought by Vail. Which one?
Crested Butte is the new acquisition from Vail resorts and will join the Epic pass next season. Upon announcing the purchase, Vail also announced 35 million in investment to the mountains it acquired. This is a game changer for Crested Butte. Crested Butte has not put in the infrastructure of other resorts and will benefit greatly from new investment.
Crested Butte Real Estate: If the recent acquisition of Steamboat and Winterpark by Alterra is any indication real estate will take off after this announcement. Crested Butte has been on top ski investment lists many times in the past and with this announcement now jumped to the top.
I made a list of all the resorts owned by the big companies (now I have to update again) that will be useful for future investing in ski real estate: https://www.fairviewlending.com/best-ski-real-estate-investments/
I need your help!
Don’t worry, I’m not asking you to wire money to your long lost cousin that is going to give you a million dollars if you just send them your bank account! I do need your help though, please like and share our articles it would be greatly appreciated.
Written by Glen Weinberg, COO/ VP Fairview Commercial Lending. Glen has been published as an expert in hard money lending, real estate valuation, financing, and various other real estate topics in the Colorado Real Estate Journal, the CO Biz Magazine, The Denver Post, The Scotsman mortgage broker guide, Mortgage Professional America and various other national publications.
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