Mar
15
Boyne to Repurchase 6 Ski Resorts
ByThe mountain resort owner and operator will buy six previously owned properties in the U.S. and Canada from an affiliate of Oz Real Estate. Boyne sold the assets more than 10 years ago in sale-leaseback transactions.
It’s déjà vu—or at least it will be. Six properties that Boyne Resorts sold more than a decade ago will soon be part of its portfolio again. The mountain resort owner and operator recently entered into an agreement to repurchase the group of North American resorts and a scenic chairlift attraction from Ski Resort Holdings LLC, an affiliate of Oz Real Estate.
“Our intention all along has been to regain and acquire ownership of these resorts,” Stephen Kircher, president & CEO of Boyne Resorts, said in a prepared statement. “We are pleased to see this come to fruition and also really proud of our long-term achievements and diligence that primed us for this acquisition.”…
