Morgan Stanley now owns Bretton Woods

[CordoroyJunkie]

Morgan Stanly just bought out CNL properties, the new owners of Bretton Woods and the Mount Washington Resort and Hotel......

http://www.hotelmotel.com/hotelmotel/article/articleDetail.jsp?id=399221
hmmmmm finance people running the ski area :blink:

 

[thetrailboss]

Yee-haw. :roll:

No surprise.

At least it is still operating.

 

[Angus]

reading the announcements, it is not clear whether Morgan Stanley will keep BW or if it is one of the properties that will be flipped to the Ashford Trust. good, bad or indifferent, BW is nothing but a cash flow # with an associated amount of debt to a banker!

 

[tcharron]

Morgan Stanly just bought out CNL properties, the new owners of Bretton Woods and the Mount Washington Resort and Hotel......

http://www.hotelmotel.com/hotelmotel/article/articleDetail.jsp?id=399221
hmmmmm finance people running the ski area :blink:

That's their Real Estate side. It's just a transfer of ownership from a simular setup.

Aka, they where already owned by finance people.....

 

[snoseek]

They have big plans for the next 3 years. I think it may actually happen. Money can't buy terrain though.

 

[kingslug]

And they own me and my company too, kind of.

 

[Warp Daddy]

They have big plans for the next 3 years. I think it may actually happen. Money can't buy terrain though.

what are the plans ??

 

[snoseek]

lot's of real estate development, a village area, and eventually trails and lift on the far left as you look at the mountain. I wonder if those trails would take any of the rosebrook canyon glades. those glades are the closest thing to advanced terrain on the mountain.

 

[Martha Wilson]

Different CNL Companies

Martha from BW here to clear up a misconception... CNL Hotels is the company that will be acquired by Morgan Stanley, but CNL Income Properties is the company that bought The Mount Washington Resort at Bretton Woods last June. CNL Hotels is NOT the entity who owns Bretton Woods. They are a sister company who exclusively invests in hotel properties. This sell will have no effect on The Mount Washingnton Resort at Bretton Woods.
Happy Skiing!

 

[Greg]

Thanks for chiming in, Martha! And welcome. Another rep from the Industry posting here and that's good thing!

 

[Vortex]

Thankx for the post. Don't be afraid to pop in again. Your resort get some nice props in here.

 

[CordoroyJunkie]

thanks for clearing that up!

 

[ctenidae]

Martha from BW here to clear up a misconception... CNL Hotels is the company that will be acquired by Morgan Stanley, but CNL Income Properties is the company that bought The Mount Washington Resort at Bretton Woods last June. CNL Hotels is NOT the entity who owns Bretton Woods. They are a sister company who exclusively invests in hotel properties. This sell will have no effect on The Mount Washingnton Resort at Bretton Woods.
Happy Skiing!

That's what I was going to say.

Except, my name's not Martha.

 

[bvibert]

That's what I was going to say.

Except, my name's not Martha.

Sure, I've never seen the two of you in the same place at the same time. Who's to say you're not the same person!!