Gatlinburg's Sky Lift gets new owners

The Gatlinburg Sky Lift has new owners following a purchase made by Michigan based Boyne Resorts, according to an AP report. (WBIR)

Michigan-based ski resort operator Boyne Resorts has reached an agreement to assume outright ownership of six ski resorts it's operating under long-term lease agreements from Maine to Washington State.

The agreement covers Brighton Resort near Salt Lake City; Cypress Mountain in Vancouver, British Columbia; Loon Mountain in New Hampshire; Sugarloaf and Sunday River in Maine; and The Summit at Snoqualmie near Seattle. Also included is the Gatlinburg Sky Lift in Gatlinburg, Tennessee.

The Tennessee attraction has been in the city for 50 years and was reopened last year after state officials temporarily closed the lift following the wildfires of 2016 that killed 14 people.

The deal with a subsidiary of Oz Real Estate is expected to close later this year.

Boyne President and CEO Steve Kircher says the company has long wanted to own the properties. He says in a statement Monday that the change of ownership will allow the company to accelerate investments in the seven properties.

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