Who Owns Searchmont Resort?

By Michael Ferguson

Are you a ski enthusiast wondering who owns Searchmont Resort? Look no further! In this article, we’ll delve into the history of the resort and its current ownership.

History of Searchmont Resort

Searchmont Resort first opened in 1968 and quickly became a favorite amongst skiers in Ontario, Canada. With its prime location in Algoma Country, the resort boasts breathtaking views and challenging runs for all levels of skiers.

Previous Ownership

Over the years, Searchmont Resort has had various owners. In 1995, it was sold to a group of local investors who poured money into renovating and expanding the resort. However, they struggled to keep it afloat financially and eventually sold it to an American investment firm in 2002.

Current Ownership

Today, Searchmont Resort is owned by Ontario Parks. In 2019, the government agency purchased the resort from an American investment firm for $20 million. The purchase was part of Ontario Parks’ plan to expand winter recreation opportunities in the province.

Fun Fact: Searchmont Resort is not just for skiing! In the summer months, the resort offers activities such as mountain biking and zip-lining.

What Does This Mean for Skiers?

Under Ontario Parks’ ownership, skiers can expect continued investment in Searchmont Resort’s infrastructure and amenities. The government agency has already invested $1 million into upgrading snowmaking equipment and plans to invest more in future years.

Additionally, as a publicly-owned facility, Searchmont Resort is now more accessible to all Canadians. This means more affordable lift tickets and season passes for locals who previously may have been priced out of skiing at the resort.

Conclusion

In conclusion, Searchmont Resort’s ownership has changed hands many times over the years. Today, it is owned by Ontario Parks and is poised for continued growth and success. Whether you’re a seasoned skier or looking to try it for the first time, Searchmont Resort is definitely worth a visit.