On Friday, Echo Mountain announced that it would be going up for sale in August. The Denver-adjacent mountain resort just wrapped up the most successful season in its short 6-year history, smashing records for revenue and snowfall. The ski area holds a great deal of significance for the region and the Colorado ski industry as a whole due to the fact that it is one of the few resorts to boast being located on completely private land. Echo will be sold sold by Racebrook (a private investment firm) and its auction affiliate, Sheldon Good & Company in a sealed bid auction format, with bids due by August 2, 2012.
Echo Mountain was founded back in 2006, and is located a short 35 miles out of Denver. In addition to serving as an extremely convenient and family-friendly mountain destination, the north-facing terrain provides skiers and snowboarders with unmatched views of the Continental Divide from elevations ranging from 9,000 to 11,000 feet.
“To have a ski resort situated on 100% private land is unheard of in the ski industry, so Echo Mountain provides an extremely rare opportunity for a local or international buyer to purchase the property and continue its evolution into a unique winter and year-round sports destination,” said John Cuticelli, CEO of Racebrook. “A savvy buyer will be able to enjoy the benefits and opportunities of owning and branding their own mountain resort while leveraging the property’s solid history.” Unlike land leased from the U.S. Forest Service, private ownership allows unrestricted year-round usage as well as advertising onsite and unique brand exposure.
For prospective buyers, there are a number of opportunities for year-round activities for the facility. Aside from skiing and snowboarding, visitors can hold wedding celebrations; go on mountain biking excursions, show shoeing, cross-country skiing and even picnics! Additional resort highlights include more than $8 million in improvements with two multi-purpose buildings, which incorporate administrative offices, cafeteria, retail and rental shop, close-in parking and average snowfall of 220 inches with 300 days of sun annually. The property also features a vertical drop of 660 feet that can be expanded to 1500+, 16 named trails; three lifts including a 2000 ft. fixed grip triple chair, a magic carpet surface lift for the learning center and a handle tow for the events area; tested helipad and state-of-the art snowmaking operations with 4 wells and a reservoir. Less than 33% of the 226 acres have been developed and the resort is surrounded by U.S. Forest Service managed property, making its operations expandable through trades or leases.
There are only 26 active, permitted ski areas operating in the state of Colorado and Echo Mountain is easily the closest one to the rapidly growing recreation population along the Front Range of Colorado, making it a possible Winter Olympic event site. Its location allows visitors to minimize time on the heavily congested I-70, which takes drivers hours to reach other resorts and will likely experience massive disruptions as traffic increases as it is rebuilt in the coming years.
Bids are due by 4 PM MDT, August 2, 2012 to Sheldon Good & Company. Anyone interested in owning their very own world class mountain destination should head over to www.EchoMtnAuction.com and make sure they don’t miss out on this once in a lifetime opportunity.