TORONTO — Skyline International Development Inc. has acquired Bear Valley Mountain Resort in northern California.
Located in the Sierra mountain range between Lake Tahoe and Yosemite, Bear Valley Mountain Resort offers skiing, snowboarding, water sports, biking, music festivals and golf. With the purchase of the the 1,700-acre ski area, Skyline has an option to purchase development land in Bear Valley Village for 350 residential units and add a 40,000-sq.-ft. village centre, which includes a 53-room lodge and a 17,000-sq.-ft. commercial complex.
“We are delighted to add Bear Valley to our growing portfolio of hotels and resorts,” said Skyline CEO Michael Sneyd. “Given Bear Valley’s spectacular beauty, excellent terrain and potential for improvement, we believe it is a great fit.”
Skyline’s four seasons playground vision is to focus on reinvigorating branded resort properties by renovating their existing hotels and residential units and expanding their residential and retail footprint with an emphasis on turning those properties into lifestyle communities. In 2013, Skyline was named among Deloitte’s ‘Best Managed Companies’ in Canada and Skyline Hotels & Resorts was awarded ‘Regional Hotelier of the Year’ by Hotelier magazine.