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BRIAN HEAD, UTAH — New York City-based real estate investor Zohar A. Cohen has acquired the 100-room Grand Lodge at Brian Head and the nearby Braffits Creek Estates development for $100 million.

The luxury ski lodge is located at 314 Hunter Ridge Drive in Brian Head. The resort is valued at more than $30 million. It includes a 4-star luxury hotel, gourmet steakhouse, and extensive dining and bar facilities. The Grand Lodge opened in 2010.

The Braffits Creek Estates development is situated on 2,654acres on Cedar Mountain in Iron County. It is about 10 miles west of Brian Head Ski Resort, near Cedar City. The first mortgage on the property sold for $60 million. The development is currently in bankruptcy court.

Timothy W. Walsh of the McDermott, Will & Emery firm is handling the litigation. Ankur Gupta of the law firm McDermott, Will & Emery LLP is providing counsel to Cohen Brian Head Entity.

Cohen acquired the assets through the ownership entity Cohen Braffits Estates Development LLC.

The assets are being managed by Arthur W. Levine, special counsel and advisor to Cohen, along with Kenneth I. Denos, an executive at Equus Total Return.

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