Vancouvers ski hill Grouse Mountain sold to new investors
Grouse Mountain Resort in North Vancouver has been sold to a conglomerate including a Chinese company by the McLaughlin family who have owned it for more than four decades.
It’s the second sale recently of one of BC’s leading ski areas following Whistler Blackcomb’s $1.4 billion sale to Vail Resorts.
A group called GM Resorts Limited Partnership are Grouse Mountain’s new owners, paying an undisclosed sum to purchase it. The group, which does not currently operate any other ski areas, is made up of 60% Canadian investors with 40% owned by The Shanghai-based China Minsheng Investment Group (CMIG).
"We understand that Grouse Mountain is treasured by locals and visitors alike," Kenny Zou, director of CM Canada told media, adding, "People should expect the very same Grouse Mountain experience they've been getting."
Zou stressed there would be no changes at Grouse Mountain, that all operating decisions would be made by CM Canada which he described as a "completely Canadian company through and through," and said that CMIG were silent partners.
Grouse Mountain operates a ski area in winter but has a diverse range of other attractions including a zipwire and a large wind turbine containing an observation tower, the Eye of the Wind.
Patrick Thorne, also known as the Snow Hunter, is an industry expert in all technical developments in snow sports. In addition to his work Patrick is also father and knows the importance and fun of kids on snow. www.thesnowhunter.com