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.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).