CNL LIFESTYLE PROPERTIES ACQUIRES SKI RESORT FOR $27 MILLION

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HANCOCK, MASS. — Orlando, Fla.-based CNL Lifestyle Properties has acquired Jiminy Peak Mountain Resort, a ski and snowboard resort located in Hancock, for $27 million. Established in 1948, Jiminy Peak attracts more than 350,000 visitors annually and is known as the largest ski resort in southern New England. CNL acquired the property from Jiminy Peak Mountain Resort, Inc., which will continue to operate the resort under a 40-year lease. CNL currently owns 14 ski resorts and eight ski village-centered retail properties nationwide.

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