Northland Properties Corporation, owner of Revelstoke Mountain Resort, has purchased Grouse Mountain Resort in the Vancouver area. (Grouse Mountain Resort photo via Facebook)

Revelstoke Mountain Resort owners buy Grouse Mountain Resort

Northlands Property made the announcement on Jan. 2, 2020

The owners of Revelstoke Mountain Resort are purchasing Grouse Mountain Resort, known as Vancouver’s “number one natural attraction.”

Northlands Properties Corporation, announced the agreement with CM Asset Management Co. Ltd. on Jan. 2, 2020.

“With our strong family and company roots in Vancouver, we are excited with the opportunity to make this acquisition,” said Tom Gaglardi, president and CEO of Northland Properties Corporation, in a news release. “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.”

READ MORE: Council approves second hotel at Revelstoke Mountain Resort

Northland Properties Corporation also owns Selkirk Tangiers Heliskiing as well as the Sandman Hotel Group, the Sutton Place Hotels, Moxie’s Grill & Bar, Denny’s Restaurants, Chop Steakhouses, Shark Club Sports Bar Grill and the Dallas Stars.

“We welcome the opportunity to join Canada’s fastest growing hospitality group,” said Michael Cameron, president of Grouse Mountain Resort, in a news release.“As a leader in the hotel and restaurant industry, Northland Properties has shown tremendous growth and innovation across their diversified group of companies. We look forward to working together, recognizing the accomplishments that the Grouse Mountain Resort and its team have achieved over the years and continuing to build on that success.”

READ MORE: ‘We’re really excited’: New chairlift at Revelstoke Mountain Resort opens

Grouse Mountain Resort sees 1.3 million visitors each year. It is a year-round destination that offers a variety of outdoor adventures, cultural and educational experiences as well as snow sports. The goal is to create enduring memories based on remarkable experiences, the news release said.

CM purchased the property in 2017.

“Since our acquisition… 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, in a news release. “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.”

Northlands Properties took ownership of Revelstoke Mountain Resort in 2008.

READ MORE: Revelstoke Mountain Resort pushing expansion of summer activities


 

@JDoll_Revy
jocelyn.doll@revelstokereview.com

Like us on Facebook and follow us on Twitter.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

EDITORIAL: Managing wildfires

Wildfires have the potential to cause significant damage within our province

Opening night lineup for online Roots & Blues festival released

The first night of the festival on Aug. 14 will be stacked with favourites from previous years

Revelstoke’s forestry museum launches podcasts and new website

One of their summer students is working remotely

Glimpses of Revelstoke’s past for Aug. 6

Chautauqua, CPR strike and destructive fire

Morning Start: The human body contains trace amounts of gold

Your morning start for Friday, August 7, 2020

53 new COVID-19 cases, no new deaths cap off week of high infection rates in B.C.

Roughly 1,500 people are self-isolating because they either have COVID-19 or have been exposed to it

VIDEO: Internet famous Yukon-based bhangra dancer explores Vancouver Island

Gurdeep Pandher spreads joy through dance, forms cross-cultural connections amid pandemic

Tech mogul growing North Okanagan’s wine industry

The founder of online dating site Plenty of Fish is developing 900 acres in Vernon

Fentanyl-laced powder being sold as cocaine in Kamloops

Interior Health has released a warning about very strong fentanyl in Kamloops

Unofficial holidays: the weird and wonderful things people celebrate around the world

On any given day of the year, there are several strange, silly or serious holidays to observe

North Okanagan ranch needs support to stay afloat

Founded in 1867, a fundraiser has been launched for the Historic O’Keefe Ranch

Video: Enraged man terrifies staff and customers at Shuswap restaurant

Video on Facebook shows the man hurling profanity at workers during the dinner rush on Aug. 7.

Moving on: Tanev scores 11 seconds into OT as Canucks oust Wild

Vancouver beats Minnesota 5-4 to move into first round of NHL playoffs

Number of Kelowna-linked COVID-19 cases grows to 159

Interior Health reported four new cases region-wide on Friday, 18 remain active

Most Read