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CNL Lifestyle Properties Still Waiting to Sell 15 Ski Areas

A recent Associated Press article reports that a real estate investment trust that's selling more than a dozen ski areas won't meet its deadline of completing the sale in 2015. CNL Lifestyle Properties owns 15 ski areas across the country, from big-named resorts like Northstar in California to Crested Butte in Colorado. Along with Vail Resorts, Powdr Corp, Intrawest, and Boyne Resorts, CNL has been one of the major players in the ski industry. Back in March, the company announced they were putting its properties up for sale, with the hope of completing the transaction this year. But all of that will have to wait.

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