Crested Butte Sold
Ludlow, VT - Tim and Diane Mueller, owners of Triple Peaks, LLC and the Callaway and Walton families, owners of Crested Butte Mountain Resort, LLC and its subsidiaries have announced that they have signed a Letter of Intent for the purchase and of Crested Butte Resort and all of its assets.
Crested Butte is located in southwest Colorado in the town of Mt. Crested Butte and is best known for its historic town, exciting nightlife and some of the best extreme skiing in the world. The resort has 85 trails spread over 1,058 acres, with 14 lifts and receives over 240 inches of natural snow each season.
Triple Peaks, LLC and Crested Butte Resort are finalizing a Definitive Purchase and Sale Agreement, while Triple Peaks continues its Due Diligence. This process should take about 30 days, and the closing will occur between 3045 days from the signing of the Purchase and Sale Agreement.
"Our vision for the future of Crested Butte Resort includes our commitment to place guest service and the overall quality of the recreational experience as a top priority," commented Tim Mueller. "We look forward to our involvement with Crested Butte Resort and the community, and see this as a unique opportunity for Triple Peaks, LLC to offer three of the country's finest resorts to our family of skiers and riders."
"My family has owned and operated Crested Butte Mountain for over 30 years," said Edward Callaway, chairman of the CBMR board of directors, "and consequently want everything to go right for the Gunnison/Crested Butte community in the future. Consequently, we feel great about leaving the resort with the Muellers, whose reputation in the ski industry for service and innovation is unparalleled."
About Tim and Diane Mueller & Triple Peak, LLC Resorts
Tim and Diane Mueller are the owners of Okemo Mountain Resort in Ludlow, Vermont, one of the largest and most successful ski and golf resorts in the East; and operators of Mount Sunapee Resort in Newbury, New Hampshire, known for its pristine location, friendly environment, diverse trail system and family appeal. By reinvesting in the infrastructure of the mountain and by recognizing the potential of the staff, both Okemo and Mount Sunapee have received national acclaim in both the snow sports and golf industries.
Okemo Mountain Resort
Location: Ludlow, Vermont (4 hours from NYC)
Elevation: Base 1,194 feet; Summit 3,344 feet
Vertical Drop: 2,200 Feet (highest in Southern Vermont)
Acres:Â (495 covered by snowmaking 95%)
Lifts: 18, including 9 quad chairs (5 highspeed detachable quads), 3 triple chairs and 6 surface lifts
Trails: 113
Two Super Pipes and 6 Terrain Parks
Skier/Rider Visits: 604,000
Mount Sunapee
Location: Newbury, NH (90 minutes from Boston)
Elevation: Summit 2,743 feet
Vertical Drop: 1,510 feet (highest in southern New Hampshire)
Acres: 230 skiable acres (97% covered by snowmaking)
Lifts: 10, including 3 quad chairs (one high-speed detachable quad), 2 triple chairs, 1 double chair, 4 surface lifts
Trails: 65
Super Pipe and Freeride Terrain Parks
Skier/Rider Visits: 272,000
Crested Butte Resort
Location: Mt. Crested Butte, Colorado (30 miles from Gunnison)
Elevation: 12,162 feet
Vertical Drop: 2,775 feet lift-served (3,062 feet with a short hike to the peak)
Acres: 1,058 (300 acres covered by snowmaking)
Lifts: 14 including 3 highspeed quads, 3 triple chairs, 3 double chairs, 5 surface lifts
Trails: 85
Halfpipe: One
Terrain Park: One with rails and tabletops
Skier/Rider Visits: 342,416