article_snippet: CNL Lifestyle Properties owns more than a dozen ski resorts from Maine to California that are worth hundreds of millions of dollars.
article_snippet: CNL Lifestyle Properties owns more than a dozen ski resorts like Sunday River in Maine (pictured above)
article_snippet: The 16 resorts The investment trust owns stretch from Maine to California and they're worth hundreds of millions of dollars .
article_snippet: If the firm's resorts - which include Sunday River and Sugarloaf in Maine, Bretton Woods, Loon Mountain and Mount Sunapee in New Hampshire, Okemo Mountain in Vermont, Crested Butte in Colorado, Brighton in Utah, and Northstar-at-Tahoe and Sierra-at-Tahoe in California
article_snippet: REITs bring in revenue through rent paid by ski resort operators like Michigan-based Boyne Resorts, which holds long-term leases for Sunday River, Sugarloaf and Loon Mountain.
article_snippet: Bob Rogowsky, who skies 70 to 80 days a year at Sunday Rive and recently bought a retirement home in the area, said most skiers are pleased with the investments that have been made since CNL bought the resort and Boyne began running CNL in 2007.
article_snippet: Ski resorts, which are at the mercy of weather and the economy, can be good investments as long the owners have a long investment horizon, said Michael Krongel from Mirus Resort Capital.
article_snippet: REITs are an investment vehicle for a variety of properties including hotels, office buildings and malls, but REITs are new to the ski industry in the last 15 or so years.
article_snippet: There's only one other REIT that's a big player in the ski industry besides CNL.
article_snippet: CNL Lifestyle Properties was valued at as much as $3billion in 2012 with ownership of more than 100 water parks, ski resorts, marinas and senior housing developments.
highlights_snippet: Firm owns resorts such as Sugarloaf in Maine and Brighton in Utah .
  