️<unk>️<unk>️<unk>️  A real estate investment trust (REIT) that is considering getting out of the snow business could end up making the largest single ski resort transaction in the sport's history.<unk> CNL Lifestyle Properties<unk> possesses more than a dozen ski resorts from Maine to California that are worth hundreds of millions of dollars.<unk> CNL Lifestyle Properties<unk> possesses more than a dozen ski resorts from Maine to California that are worth hundreds of millions of dollars. ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ <unk> <unk> CNL Lifestyle Properties owns more than a dozen ski resorts like Sunday River in Maine (pictured above) The 16 resorts the trust owns stretch from Maine to California and they're worth hundreds of millions of dollars. <unk> CNL Lifestyle Properties owns more than a dozen ski resorts like Sunday River in Maine (pictured above) The 16 resorts the trust owns stretch from Maine to California and they're worth hundreds of millions of dollars. ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ REITs bring in revenue through rent paid by ski resort operators like Michigan-based Boyne Resorts, which holds long-term leases for Sunday River, Sugarloaf and Loon Mountain.<unk> REITs bring in revenue through rent paid by ski resort operators like Michigan-based Boyne Resorts, which holds long-term leases for Sunday River, Sugarloaf and Loon Mountain. ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ Steve Kircher, president of eastern operations for Boyne, said: 'For the skier, it's a nonevent.' ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ Bob Rogowsky, who skies 70 to 80 days a year at Sunday Rive and recently bought a retirement home in the area, said most skiers are pleased with the investments that have been made since CNL bought the resort and Boyne started running it in...
<unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> <unk> Apart from selling the resorts off in one deal, other options include a private buyout or a listing on a publicly traded exchange.<unk> Apart from selling the resorts off in one deal, other options include a private buyout or a listing on a publicly traded exchange. The investment trust anticipates having an 'exit strategy' by December 31. Whether resorts are sold or not, skiing experience should remain similar.<unk> Whether resorts are sold or not, skiing experience should remain similar.