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Booth Creek Ski Group Inc history
Booth Creek Ski Group Inc company history timeline
An avid skier, Gillett became president in 1985 of Vail Associates, the company which at the time owned the Vail ski resort in Colorado.
1991:Gillett declares personal bankruptcy and has to give up Vail.
By 1992, Gillette sought Chapter 11 bankruptcy protection, reportedly because of junk bond investments.
In September 1996 Booth Creek purchased the Mount Cranmore ski resort, located in the northern part of New Hampshire.
1996--99: The Rapid Expansion of Booth Creek
1997:Booth Creek acquires eight resort properties in the span of one year, becoming the fourth largest ski resort in the country.
By 1997, according to Time, Booth Creek and three other, more powerful competitors controlled over 30 percent of the nation's 500 hundred or so resorts.
Although prevented by a no-compete clause in his personal bankruptcy filing from purchasing resorts in the state of Colorado until 1999, Gillett kept Booth Creek's headquarters in Vail and was able from that location to keep a watchful eye on skiing trends and the company's competition.
2007 – CNL Lifestyle Properties, a real estate investment trust (REIT) purchased Northstar-at-Tahoe from Booth Creek Ski Holdings in 2007, but then hired Booth Creek to continue to manage the operations.
2010 – Three years later, Vail Resorts, Inc., purchased the operating lease of Northstar-at-Tahoe, operations that are conducted on land owned by CNL Lifestyle Properties.
© 2021 Tahoe Mountain Realty.
© 2022 Tahoe Mountain Realty.
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