Northland Properties Corporation has announced that it has entered into an agreement to purchase Grouse Mountain Resort from CM (Canada) Asset Management Co. Ltd.
Northland owns a number of properties which include Revelstoke Mountain Resort and Selkirk Tangiers Heli Skiing in British Columbia. The Canadian company is also behind brands such as Sandman Hotel Group, The Sutton Place Hotels, Moxie’s Grill & Bar, Chop Steakhouse & Bar, Denny’s Restaurants, and the Dallas Stars.
“With our strong family and company roots in Vancouver BC, we are excited with the opportunity to make this acquisition,” said Tom Gaglardi, President & CEO of Northland Properties Corporation.
“We look forward to working closely with the existing team and leadership group, as well the community to ensure we maintain and evolve the iconic Grouse Mountain experience for all of our visitors.”
Grouse Mountain welcomes 1.3 million guests each year. Through friendly and informative staff, the goal is to create enduring memories based on remarkable experiences, the new owners said.
“Since our acquisition in 2017, Grouse has made significant strategic investments in management, sales and marketing, facilities and infrastructure, adventure offerings, and technology capabilities to bolster its value-add for guests,” said Kenny Zou, Managing Director of CM.
“We are delighted to have partnered with such a collaborative management team and achieved impressive growth. Looking ahead, joining one of Canada’s top hospitality groups will be highly beneficial for Grouse Mountain’s guests, employees, and partners.”
“We welcome the opportunity to join Canada’s fastest growing hospitality group,” said Michael Cameron, President of Grouse Mountain Resort.