Cypress Mountain Resort changes hands; bids on Grouse Mountain coming in

Cypress Mountain Resort has a new leaseholder. Rob Probst

Cypress Mountain Resort has a new leaseholder.

Florida-based CNL Lifestyle Properties has sold the rights to the ski hill lease as part of a massive deal with two U.S companies – Och-Ziff and EPR Properties.

“The assets have changed hands,” Cypress Mountain spokesperson Joffrey Koeman said. “The management team remains unchanged so it’s business as usual. The skier or rider will not see any effect of this.”

The deal, worth hundreds of millions of dollars, also includes 13 resorts across the U.S.

Two months ago, Grouse Mountain was put up for sale and bids are now coming in. Tony Quattrin of CBRE, the firm marketing the property, told Global News Grouse Mountain is getting a lot of interest. He says it’s worth more than $100 million.

READ MORE: Vancouver resort Grouse Mountain listed for sale

The new owner of Grouse Mountain will be announced in the next few months.

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Earlier this year, Vail Resorts bought Whistler Blackcomb for $1.4 billion.

– With files from Catherine Urquhart

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