
Seattle-Based GEM Acquires Nation’s Largest Cross-Country Ski Resort
GEM Real Estate Partners recently acquired Sun Mountain Lodge, the largest cross-country ski resort in North America and the only luxury ranch in Washington State. Terms of the deal weren’t disclosed.
GEM purchased Sun Mountain Lodge from the Haub family, which has invested millions of dollars to expand and maintain Sun Mountain Lodge since acquiring the property in 1987. Located about 190 miles northeast of Seattle, the Winthrop, WA property originally opened in 1968.
“We couldn’t be more thrilled about acquiring Sun Mountain Lodge and adding another exceptional asset to our luxury hospitality portfolio,” said GEM founding partner Eric Guenther. “This property is a great complement to the Kimpton Palladian Hotel in Downtown Seattle and our new boutique South Lake Union hotel that is currently in development.”
- ◦Sale/Acquisition