Loon Mountain Resort is one of the most popular ski resorts in New Hampshire, attracting thousands of visitors every year. But have you ever wondered who owns this beautiful resort? In this article, we will explore the ownership history of Loon Mountain Resort.
The Early Days
Loon Mountain Resort was first opened in 1966 by a group of local businessmen who formed the Lincoln Development Corporation. Their goal was to create a ski resort that could compete with other major resorts in the area. The resort quickly gained popularity and became a favorite among skiers in New England.
The Boyne Era
In 1983, Loon Mountain Resort was purchased by Boyne Resorts, a Michigan-based company that owns several ski resorts across North America. Under Boyne’s ownership, Loon Mountain underwent significant expansions and improvements. They added new lifts, trails, and amenities to the resort, making it one of the most modern and well-equipped resorts in the region.
Recent Changes
In late 2018, Boyne Resorts sold Loon Mountain Resort to Och-Ziff Real Estate. This move came as a surprise to many visitors and locals alike. However, Och-Ziff Real Estate has promised to continue investing in the resort’s infrastructure and amenities.
What Does the Future Hold?
With new ownership comes new possibilities for growth and development at Loon Mountain Resort. The new owners have already announced plans to add more lodging options at the base of the mountain and expand snowmaking capabilities.
Conclusion
Loon Mountain Resort has come a long way since its humble beginnings in 1966. From local entrepreneurs to major corporations, its ownership has changed hands several times over the years. Today, under Och-Ziff Real Estate’s stewardship, it remains one of New England’s premier ski destinations, offering world-class skiing and snowboarding experiences to visitors from around the world.
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