If you are interested in visiting Camelback Resort, you may have wondered who the owner of the property is. Camelback Resort is a popular destination for skiing, snowboarding, and other winter activities. In this article, we will take a closer look at the owner of Camelback Resort and provide some information about their history and involvement with the resort.
Who Owns Camelback Resort?
Camelback Resort is owned by EPR Properties, a real estate investment trust (REIT) that specializes in entertainment and leisure properties. EPR Properties purchased Camelback Resort in 2015 as part of a larger acquisition that included several other ski resorts and water parks.
EPR Properties has a diverse portfolio that includes properties such as movie theaters, golf courses, and charter schools. They are known for investing in properties that have unique qualities or offer an experience that cannot be replicated elsewhere.
The History of Camelback Resort
Camelback Resort was founded in 1963 by Arthur Berry III. Berry was an entrepreneur who saw an opportunity to create a ski resort in the Pocono Mountains of Pennsylvania. He purchased land near Camelback Mountain and began construction on the resort.
The resort opened to the public in December 1963 with just two slopes and one lift. Over time, Berry continued to expand the resort by adding more slopes, lifts, and amenities such as restaurants and lodging facilities.
In 2005, Snow Time Inc., a company owned by Arthur Berry III’s son Ken Berry, purchased Camelback Resort from his father’s estate. Under Ken’s leadership, the resort continued to grow and modernize with new attractions such as a water park and zip line course.
In 2015, Snow Time Inc. sold Camelback Resort to EPR Properties as part of a $265 million deal that also included several other ski resorts and water parks.
- EPR Properties: A Brief Overview
EPR Properties is a real estate investment trust (REIT) that was founded in 1997. The company specializes in entertainment, recreation, and education properties. Some of the other properties in EPR’s portfolio include:
- Charter schools and educational facilities
- Golf courses and country clubs
- Movie theaters and entertainment complexes
- Indoor water parks and amusement parks
EPR Properties is known for investing in unique properties that offer a one-of-a-kind experience to visitors. They focus on properties that are difficult to replicate or have a barrier to entry, such as high capital costs or regulatory hurdles.
The Future of Camelback Resort
Under EPR Properties’ ownership, Camelback Resort has continued to grow and evolve with new attractions and amenities. In recent years, the resort has added several new water park features, expanded its skiing and snowboarding facilities, and introduced new dining options.
Looking ahead, it is likely that Camelback Resort will continue to expand its offerings under EPR’s ownership. The company has a track record of investing in its properties to enhance the guest experience and attract more visitors.
Conclusion
In conclusion, Camelback Resort is owned by EPR Properties, a real estate investment trust that specializes in entertainment and leisure properties. EPR purchased the resort in 2015 as part of a larger acquisition that included several other ski resorts and water parks.
The history of Camelback Resort dates back to 1963 when it was founded by Arthur Berry III. Over time, the resort grew under his leadership and later under his son Ken’s leadership.
Under EPR’s ownership, Camelback Resort has continued to thrive with new attractions and amenities being added regularly. The future of the resort looks bright, and visitors can expect to see continued growth and investment in the property in the years to come.