Explore Bay Harbor
Request Free Magazine

Big News from Boyne Resorts

Posted on: March 14, 2018

Congratulations to Boyne Resorts on their recent expansion.

The mountain resort company has just acquired six mountain resorts and a scenic chairlift attraction to add to their impressive portfolio. As distributed on PRWEB and covered by the PE Hub Network, Boyne Resorts issued the news below:

PRESS RELEASE

BOYNE FALLS, MICH. (PRWEB) MARCH 12, 2018

Boyne Resorts today announced an agreement with Ski Resort Holdings, LLC, an affiliate of Oz Real Estate, to acquire six mountain resorts and a scenic chairlift attraction currently leased by the resort company. As operator of the assets and owner of additional resorts, Boyne Resorts has a 70-year history of ski industry innovations and is the third largest mountain resort company in North America.

Included in the transaction are Brighton Resort in Big Cottonwood Canyon near Salt Lake City, Utah; Cypress Mountain in Vancouver, B.C.; Gatlinburg Sky Lift in Gatlinburg, Tennessee; Loon Mountain in New Hampshire; Sugarloaf and Sunday River resorts in Maine; and The Summit at Snoqualmie near Seattle, Washington. The transaction is expected to close later this year and well ahead of the 2018/19 ski season, once regulatory approvals are granted.

“Our intention all along has been to regain and acquire ownership of these resorts,” said Stephen Kircher, president and chief executive officer of Boyne Resorts. “We are pleased to see this come to fruition and also really proud of our long-term achievements and diligence that primed us for this acquisition. Boyne Resorts has been a long-term operator of these assets—some for decades. This transaction, therefore, poses no business interruption or integration risk. This opportunity now at hand will enable us to accelerate and fine-tune the execution of our reinvestment plans for these spectacular properties, which will boost our competitive advantages and support our focus on continuous enhancement of the guest experience.”

“Boyne Resorts is a world-class owner and operator of ski resorts and attractions,” said Steven E. Orbuch, founder, and president of Oz Real Estate. “We have enjoyed our association with them during our ownership of these properties and wish them continued success in the future. We look forward to the consummation of this mutually beneficial transaction as it allows for Boyne Resorts to again fully control these resorts while resulting in a positive outcome for our investors.”

Boyne Resorts and its eleven resorts and attractions are ideally positioned for continued and notable growth within the ski, outdoor recreation and resort industries. Founded in 1947, Boyne Resorts has maintained a heritage of innovation, highlighted by its recent unveiling of plans to install an eight-seat, high-speed chairlift at its Big Sky Resort in Montana—the first in North America. Development of patented and proprietary snowmaking systems, installation of the world’s first triple and quad, America’s first high-speed six-place chairlifts, and being the first to transform ski resorts into four-season operations are just a few examples of a lengthy list of additional innovative launches exemplifying the pioneering spirit that has been celebrated throughout the company’s history.

About Boyne Resorts – Boyne Resorts is the third largest mountain resort company in North America; founded in 1947 by Everett Kircher. A Michigan-based corporation, Boyne Resorts’ award-winning mountain and golf resorts and attractions located throughout the United States and Canada include Cypress Mountain near Vancouver, British Columbia, the official freestyle skiing and snowboard venue of the 2010 Olympic Winter Games, Sugarloaf and Sunday River Resort in Maine, Boyne Mountain, Boyne Highlands, Inn at Bay Harbor – Autograph Collection and Avalanche Bay Indoor Waterpark in Michigan, Big Sky Resort in Montana, Loon Mountain in New Hampshire, Gatlinburg Sky Lift in Tennessee, Brighton in Utah, and The Summit at Snoqualmie in Washington. For more information on Boyne Resorts, please visit https://www.boyneresorts.com.

About Oz Real Estate – Oz Real Estate, the real estate platform at Oz Management, was founded by Steven E. Orbuch in 2003 to make investments in real estate and real estate-related assets across North America and Europe. The principals of Oz Real Estate have invested in over $9.0 billion of private real estate assets, including direct equity investments, preferred equity structures, mezzanine financing, and senior loans. Oz Real Estate’s portfolio has included over 20,000 hotel rooms, over 30,000 multifamily and residential units, and over 20 million square feet of retail and office properties. In addition, Oz Real Estate has developed expertise in certain niche real estate asset classes including gaming, healthcare, senior housing, cellular towers, ski resorts, and land development. For more information on Oz Real Estate, please see https://www.ozm.com.

Bay Harbor is proud to be a part of Boyne Resorts’ portfolio with properties such as the Inn at Bay Harbor. With a 70-year history of ski industry innovations, Boyne Resorts is the third largest mountain resort company in North America.

Spanning five miles along Lake Michigan shoreline, Bay Harbor is a prime destination for vacationers and residents alike. Stunning views, unrivaled recreational opportunities and a calendar rich with exciting events provide the perfect place to mix business with pleasure, connect with friends and family or simply unplug and enjoy leisure time. Opportunities for year-round and seasonal living range from luxury homes to building sites to condos and yacht docks.

Request a FREE Explore Bay Harbor magazine for all things Northern Michigan.

READ MORE ARTICLES

A Bay Harbor Wedding Story Harbour Ridge style=

A Bay Harbor Wedding Story

You’ve found the perfect guy. Now you’re ready to start planning your perfect wedding. Many brides have spent years imagining… Read more »

Not To Miss Events in Northern Michigan Harbour Ridge style=

Not To Miss Events in Northern Michigan

Summertime is one of the best times of the year to be in Northern Michigan. Especially with the Grand Opening… Read more »

Is This Scenic Lake Michigan Hot Spot Your Dream Vacation Home Destination? Harbour Ridge style=

Is This Scenic Lake Michigan Hot Spot Your Dream Vacation Home Destination?

Northern Michigan has been attracting families to its lakefront lifestyle for decades. Beautiful coastline and boating fun next to miles… Read more »

Have You Heard Of These Romantic Hot Spots Located In Northern Michigan? Harbour Ridge style=

Have You Heard Of These Romantic Hot Spots Located In Northern Michigan?

There’s something about summer that brings up the romance, and Bay Harbor is the perfect getaway for couples to relax… Read more »

Get A Glimpse Into Life at Bay Harbor Harbour Ridge style=

Get A Glimpse Into Life at Bay Harbor

For the Marriott family, it all started with a game of golf. “We first discovered Bay Harbor on a trip… Read more »

Bay Harbor: Where Can You Find The Pebble Beach of the Midwest? Harbour Ridge style=

Bay Harbor: Where Can You Find The Pebble Beach of the Midwest?

Bay Harbor Golf Club offers something that nowhere else can: three distinct 9-hole experiences that should be added to your… Read more »

Bay Harbor: The Perfect Michigan Getaway Harbour Ridge style=

Bay Harbor: The Perfect Michigan Getaway

There’s no doubt, Bay Harbor is the perfect Michigan getaway…here’s why. When you visit Bay Harbor, you’re taken back to… Read more »

Make Sure Not To Miss These Four Michigan Events This May! Harbour Ridge style=

Make Sure Not To Miss These Four Michigan Events This May!

As we swing into the warmer season, you’ll see the world come alive around Bay Harbor. Birds return from their… Read more »

Northern Michigan’s Top-Rated Breweries and Wineries You Must Try Harbour Ridge style=

Northern Michigan’s Top-Rated Breweries and Wineries You Must Try

Among other things, Northern Michigan is known for its pristine fresh water. Not only does this mean fun in the… Read more »

Setting Sail and Setting Records at the Bay Harbor Yacht Club! Harbour Ridge style=

Setting Sail and Setting Records at the Bay Harbor Yacht Club!

Serving as Little Traverse Bay’s best-kept secret since 1996, Bay Harbor Yacht Club offers a luxurious retreat on the waterfront… Read more »

Reasons Why The Great Lakes Are Better Than the Ocean Harbour Ridge style=

Reasons Why The Great Lakes Are Better Than the Ocean

Saltwater beaches aren’t all they’re cracked up to be once you experience the Great Lakes. With destinations like Bay Harbor… Read more »

This Charming City in Northern Michigan is A Finalist for 2018’s Happiest Seaside Town Harbour Ridge style=

This Charming City in Northern Michigan is A Finalist for 2018’s Happiest Seaside Town

Have you heard? Traverse City, Michigan has been selected as a finalist for the distinction of “Happiest Seaside Town” by… Read more »

Michiganders – Can You Relate? 5 Things Uniquely Michigan Harbour Ridge style=

Michiganders – Can You Relate? 5 Things Uniquely Michigan

Every place in the world has a unique set of rules that the locals follow to adjust to the weather,… Read more »

Big News from Boyne Resorts Harbour Ridge style=

Big News from Boyne Resorts

Congratulations to Boyne Resorts on their recent expansion. The mountain resort company has just acquired six mountain resorts and a… Read more »

Lake Michigan Real Estate: Vacation Home Market Trends Harbour Ridge style=

Lake Michigan Real Estate: Vacation Home Market Trends

The real estate market is always changing. It can be hard to predict, but one thing is for sure, certain… Read more »

7 Tips for Planning the Perfect Golf Vacation Harbour Ridge style=

7 Tips for Planning the Perfect Golf Vacation

For a while now you and your friends have talked about a golf trip to Northern Michigan, but you haven’t… Read more »

Alternative Ways to Stay Warm This Winter Harbour Ridge style=

Alternative Ways to Stay Warm This Winter

Is the winter season giving you a case of cabin fever? Here are a few fun and different ideas to… Read more »

5 Things You Didn’t Know About Bay Harbor Harbour Ridge style=

5 Things You Didn’t Know About Bay Harbor

Located on five pristine miles of Lake Michigan shoreline, Bay Harbor is a magical hidden place in Northern Michigan. Did… Read more »

5 Most Romantic Northern Michigan Weddings Venues Harbour Ridge style=

5 Most Romantic Northern Michigan Weddings Venues

Explore Bay Harbor’s Waterfront Weddings The location puts guests within walking distance of shops, dining, and recreation. Not only do… Read more »

19th Annual Bay Harbor Arts Festival Now Accepting Applications Harbour Ridge style=

19th Annual Bay Harbor Arts Festival Now Accepting Applications

The Village at Bay Harbor is delighted to celebrate the 2018 Bay Harbor Arts Festival, now its 19th year. As… Read more »

Which Lake Michigan Hotspot is a Photographer Favorite? Harbour Ridge style=

Which Lake Michigan Hotspot is a Photographer Favorite?

It’s no debate that Michigan is a beautiful state. From thickly wooded forests to placid blue lakes to bustling cities… Read more »

Not-To-Miss Winter Sporting Events For Thrill Seekers Near Bay Harbor Harbour Ridge style=

Not-To-Miss Winter Sporting Events For Thrill Seekers Near Bay Harbor

It’s a great time of year for winter sports in Northern Michigan. Here’s a list of events you won’t want… Read more »

Top Three Winter Activities in Northern Michigan! Harbour Ridge style=

Top Three Winter Activities in Northern Michigan!

Early December in Northern Michigan means that there’s snow, and snow means adding more activities to the schedule-and here, there… Read more »

It’s The Most Wonderful Time Of The Year at Bay Harbor! Celebrate These Three Christmas Events! Harbour Ridge style=

It’s The Most Wonderful Time Of The Year at Bay Harbor! Celebrate These Three Christmas Events!

It’s the most wonderful time of the year! There are so many festive events happening in Northern Michigan this December… Read more »

Top Wineries in Northern Michigan and Special Vacation Packages Harbour Ridge style=

Top Wineries in Northern Michigan and Special Vacation Packages

Michigan is home to more than 100 wineries across the state, and the Bay View Wine Trail features many of… Read more »

Literature Stays Alive in Petoskey, Michigan With These Cool Author Spots Harbour Ridge style=

Literature Stays Alive in Petoskey, Michigan With These Cool Author Spots

There’s no lack of history in Michigan – think of Michigan’s storied relationship with the automobile industry, and its role… Read more »

Annual Holiday Celebrations Begin In Northern Michigan Harbour Ridge style=

Annual Holiday Celebrations Begin In Northern Michigan

It’s the most wonderful time of the year, and everyone is coming out to celebrate. See where the holiday celebrations… Read more »

Dinner with Ghosts in Downtown Petoskey Harbour Ridge style=

Dinner with Ghosts in Downtown Petoskey

Have a spooky dinner on Friday, October 27 starting at 6pm at the Historic Perry Hotel in Downtown Petoskey. This… Read more »

The Perfect Autumn Weekend in Northern Michigan Harbour Ridge style=

The Perfect Autumn Weekend in Northern Michigan

As autumn arrives, it’s the perfect time to head up to Northern Michigan for a romantic getaway to see the… Read more »

Discovery Channel Names The Tunnel of Trees A Can’t-Miss Fall Destination in Northern Michigan Harbour Ridge style=

Discovery Channel Names The Tunnel of Trees A Can’t-Miss Fall Destination in Northern Michigan

People come from all over the world just to see the scenic Lake Michigan Circle Tour. But did you know… Read more »

5 Favorite Northern Michigan Fall Festivals You Don’t Want to Miss Harbour Ridge style=

5 Favorite Northern Michigan Fall Festivals You Don’t Want to Miss

Welcome the fall weather with your family and friends at the exciting October festivals in Northern Michigan. With so much… Read more »

This Northern Michigan Golf Resort is Worth the Drive, Especially with Fall Colors In Play Harbour Ridge style=

This Northern Michigan Golf Resort is Worth the Drive, Especially with Fall Colors In Play

Fall is the perfect time to explore Bay Harbor golf. Between the great offers and complimentary upgrades you won’t find… Read more »

A Special Offer from the Inn At Bay Harbor Harbour Ridge style=

A Special Offer from the Inn At Bay Harbor

Experience the Romance and Charm along with Northern Michigan’s true colors with a Picnic on the Bay. We invite you… Read more »

5 Reasons to Drop Everything and Move to This Northern Michigan City Harbour Ridge style=

5 Reasons to Drop Everything and Move to This Northern Michigan City

Northern Michigan will leave you breathless. Whether you’re looking for a new vacation spot, the ideal setting for a destination… Read more »

Bay Harbor’s Ten Outdoor Events You won’t Want to Miss in the Petoskey Area Harbour Ridge style=

Bay Harbor’s Ten Outdoor Events You won’t Want to Miss in the Petoskey Area

Bay Harbor’s vibrant year-round schedule of events is packed with active outdoor activities, festivals, antiquing, area farmer’s markets and so… Read more »

Why Are Wealthy City Dwellers from St. Louis and Chicago Moving to Northern Michigan? Harbour Ridge style=

Why Are Wealthy City Dwellers from St. Louis and Chicago Moving to Northern Michigan?

Discovering a summer playground in and around Northern Michigan resort area They came by the thousands every summer. Wealthy city… Read more »

Insider’s Look at Bay Harbor Yacht Club in Northern Michigan Harbour Ridge style=

Insider’s Look at Bay Harbor Yacht Club in Northern Michigan

The Club Is The Hub, The Bay Harbor Yacht Club That Is Nestled into the eastern shoreline of Bay Harbor… Read more »

Hot Off The Press: Grand Traverse Scene Explores Destination Bay Harbor Harbour Ridge style=

Hot Off The Press: Grand Traverse Scene Explores Destination Bay Harbor

Brian Chermside and his wife regularly traveled from the Saginaw area to northern Michigan for winter sports. Then they stayed… Read more »

3 Michigan Destinations Where You Can Chase The Northern Lights Harbour Ridge style=

3 Michigan Destinations Where You Can Chase The Northern Lights

Did you know Michigan is one of the best places in the world to view the northern lights? Without getting… Read more »

Golf Digest Ranks Bay Harbor Golf Club Among ‘Greatest Public Courses’ in U.S. Harbour Ridge style=

Golf Digest Ranks Bay Harbor Golf Club Among ‘Greatest Public Courses’ in U.S.

There is nowhere quite like Northern Michigan. A rare gem filled with lush greenery, peaceful great lake waterfront property…and the… Read more »

Plan the Perfect Day Out on the Boat with These 3 Easy To-Do Tips Harbour Ridge style=

Plan the Perfect Day Out on the Boat with These 3 Easy To-Do Tips

There is simply nothing better than a warm summer day on Lake Michigan. The boat is cruising along providing a… Read more »

Why Should You and Dad Explore Bay Harbor for Father’s Day Weekend? Harbour Ridge style=

Why Should You and Dad Explore Bay Harbor for Father’s Day Weekend?

Bay Harbor has scheduled the perfect pair of weekends to kick off the summer season the right way! Fully stocked… Read more »

This Bay Harbor Tradition Will Have You “Digging” Summer in Northern Michigan Harbour Ridge style=

This Bay Harbor Tradition Will Have You “Digging” Summer in Northern Michigan

Very few places have as many diverse wonders as Bay Harbor in Northern Michigan. Charming towns dot the coastline –… Read more »

Linking Up Harbour Ridge style=

Linking Up

Great play begins at the award-winning Bay Harbor Golf Club, showcasing 27 holes of Arthur Hills’ best. Its three distinct… Read more »

Greetings from Bay Harbor Harbour Ridge style=

Greetings from Bay Harbor

Welcome to our home, one of the most breathtaking and pristine waterfront settings in the world. Nestled along the North… Read more »

The 3 Biggest Health Benefits of Golfing at Bay Harbor You Never Thought Of Harbour Ridge style=

The 3 Biggest Health Benefits of Golfing at Bay Harbor You Never Thought Of

There is nothing else like golfing at Bay Harbor. The pristine fairways and greens on the immaculate shores of Lake… Read more »

See Why Everyone Wants to Be in Bay Harbor This Weekend Harbour Ridge style=

See Why Everyone Wants to Be in Bay Harbor This Weekend

The unofficial kick off of summer is finally upon us and there is only one place to be this Memorial… Read more »

TRENDING: What New Wedding Secrets Will You Need to Make Your Special Day Stand Out? Harbour Ridge style=

TRENDING: What New Wedding Secrets Will You Need to Make Your Special Day Stand Out?

It’s your special day. All eyes will be on you and everything needs to go perfectly. We have complied this… Read more »

HOME SWEET HOME Harbour Ridge style=

HOME SWEET HOME

Bay Harbor offers a wide selection of golf, waterfront and preserve homes with prices, sizes and views to match your… Read more »

Why is Bay Harbor, MI Considered the “Napa of the North”? Harbour Ridge style=

Why is Bay Harbor, MI Considered the “Napa of the North”?

For those unfamiliar with northern Michigan, wine might not be the first thing that springs to mind, but there’s a… Read more »

Why Are Top Broadway Shows and Recording Artists Paying Close Attention to Bay Harbor? Harbour Ridge style=

Why Are Top Broadway Shows and Recording Artists Paying Close Attention to Bay Harbor?

One day, in the no-so-distant future, Bay Harbor, Michigan may very well be the next, must-see, event destination in the… Read more »

What made Bay Harbor the Perfect Location for the Geiger Family to Call Home? Harbour Ridge style=

What made Bay Harbor the Perfect Location for the Geiger Family to Call Home?

As more and more uncover the secret paradise that is Bay Harbor, current residents have begun to reach out to… Read more »

Stroll Our Sidewalks and Walk the Waterfront at the Village at Bay Harbor Harbour Ridge style=

Stroll Our Sidewalks and Walk the Waterfront at the Village at Bay Harbor

You’ve decided to make a stop in Bay Harbor and you want to make the most of your visit.  Where… Read more »

Powerhouse Marketing Alliance Launches New Era of Growth in Bay Harbor Harbour Ridge style=

Powerhouse Marketing Alliance Launches New Era of Growth in Bay Harbor

The Bay Harbor Community Council, Bay Harbor Company, Harbor Sotheby’s International Realty and Boyne Resorts have announced the creation of… Read more »

INSIDER’S LOOK: Why Does Bay Harbor Golf Club Always Top the List? Harbour Ridge style=

INSIDER’S LOOK: Why Does Bay Harbor Golf Club Always Top the List?

Every spring, as tour pros gear up for the upcoming summer season, golfers around the country plot of their own… Read more »

Updated Newsletter