Big Sky Real Estate: The Buy Out of Moonlight Basin
The current owners of Big Sky Resort and the Yellowstone Club are looking to expand their empire and buy Moonlight Basin. The result would be the creation of a mega resort of 5,700+ skiable acres, 23 chairlifts, 10 surface lifts totaling to over 4,350 vertical feet.
CrossHarbor Capital Partners are the owners of the Yellowstone Club, Black Bull Run, and Boyne Resorts. Boyne Resorts owns Big Sky and Spanish Peaks resort communities. The purchase agreement for Moonlight between the Lehman Brothers Holdings Inc. and CrossHarbor Capital Partners is “the next step in the creation of one of the largest and most compelling mountain resort experiences in North America.”
All three resorts are looking to coordinate for economic sustainability and growth all the while promoting stewardship and environmental sensitivity. The tangible effects of the deal so far: significantly higher ticket prices. We will be keeping one eye on the Big Sky market to see what other changes are to come.