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Deerhurst Resort Sold

Posted: 2021-09-22 08:38:46 By: thebay

Skyline Investments owners of Deerhurst Resort announced on Monday, that it has entered into agreements of to sell 100% interest in its Canadian resort assets and surrounding development lands at Deerhurst Resort and Horseshoe Valley Resort as well as all of its remaining development lands at Blue Mountain Resort.

The company says the purchase price of $210 million represents approximately a $30 million premium to Skyline.

The buyer, Freed Corp, through a newly formed subsidiary, Resort Communities LP, will combine the Assets with Muskoka Bay Resort owned by Freed and its partners, creating a portfolio of premier drive-to Ontario resort destinations.

The Transaction is expected to close at the end of October.