Wednesday, December 12, 2012

Silver Mountain is for sale

Silver Mountain ,a ski and snowboarding, water park, golf course and condo resort located less then an hour east of Coeur d' Alene is now up for sale. The resort's owners JELD-WEN have announced they plan to sell each of the resort's features as separate business units. They also say the sale plans will not interrupt any of the operations during the 2012-2013 ski season.

The resort owners say the business is making money but they hope to put their main focus back on the window and door operations,which are JELD-WEN's main business.

The sale will be done in a auction format,with the first round of sealed-bid auctions beginning in January. The first auction will offer up the Condo operations and the Silver Rapids Water Park. The main ski area operations will sell in round 2 which is expected sometime in February. All other resort operations, such as the Galena Ridge Golf Course will sell soon after but no official date has been set for those sales.

No word as of yet on if anyone has expressed interest in investing in Silver Mountain.

For more info on Silver Mountain visit-
www.silvermt.com



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