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from the press release:
OKEMO OWNERS SIGN LETTER OF INTENT FOR THE PURCHASE OF CRESTED BUTTE RESORT
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.”
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OKEMO OWNERS SIGN LETTER OF INTENT FOR THE PURCHASE OF CRESTED BUTTE RESORT
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.”
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