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.
10 Related Question Answers Found
Are you curious about who owns Largo Resort? This exclusive and luxurious resort is tucked away in the Florida Keys and has become a popular destination for those seeking a peaceful and private getaway. In this article, we will explore the ownership of Largo Resort and provide you with the information you have been searching for.
Wilderness resorts are a popular choice for nature lovers who want to get away from the hustle and bustle of city life. These resorts offer a unique opportunity to explore the great outdoors while still enjoying modern amenities. However, many people often wonder who owns these wilderness resorts and how they are managed.
Have you ever wondered who the owner of the luxurious Grand Isle Resort is? Well, wonder no more! In this article, we’ll delve into the ownership of this stunning resort located in the Bahamas.
When we think about luxury resorts, The Grand Resort is one of the first names that come to mind. With its stunning views, luxurious amenities, and impeccable service, it’s no wonder why people flock to this resort every year. However, have you ever wondered who owns this magnificent property?
If you’re planning a trip to Roatan, Honduras, you might be wondering who owns the Grand Roatan Resort. This luxurious resort is located on the stunning West Bay Beach, and it offers an unforgettable experience for travelers seeking relaxation and adventure. In this article, we’ll explore who owns the Grand Roatan Resort and why it’s important to know.
Have you ever been to Angel Fire Resort and wondered who owns it? The answer is not as straightforward as you might expect. In this article, we will delve into the history of the resort and its ownership.
Are you planning a trip to Grandbear Resort and wondering who owns this beautiful destination? Well, you’ve come to the right place! In this article, we’ll take a closer look at the ownership of Grandbear Resort and provide you with all the information you need.
If you’re planning a trip to the Grand Traverse Resort, you might be wondering who owns this beautiful property. The Grand Traverse Resort is located in Acme Township, Michigan, and it’s a popular destination for golfers, spa-goers, and outdoor enthusiasts alike. Let’s dive into the ownership of this resort and its history.
Grand Targhee Resort is a popular ski and summer resort located in the western United States. Many people wonder who owns this beautiful resort that offers world-class skiing, mountain biking, hiking, and other outdoor activities. In this article, we will explore the ownership of Grand Targhee Resort.
The Homestead Resort is a popular vacation destination located in Hot Springs, Virginia. It features luxurious accommodations and various activities that cater to people of all ages. However, many people may wonder, “Who owns the Homestead Resort?” In this article, we will take a closer look at the history of the resort and its current ownership.
