Schweitzer ownership changes
Schweitzer Mountain Resort has a new owner.
On Tuesday, Harbor Properties Inc. and its silent partner, a Seattle investment group called “MIG,” announced that they had split up. Together, the entities had owned two ski resorts, Schweitzer in Sandpoint, and Stevens Pass near Leavenworth.
Through the breakup, Harbor received ownership of Stevens Pass, and MIG got Schweitzer. The change of ownership took effect Friday.
Negotiations had been ongoing, said Sandy Chio, Schweitzer’s marketing director.
“It’s two different ski resorts, with really different products,” Chio said. “Stevens Pass is a very successful day resort that draws 500,000 visitors from the Puget Sound area every season.”
Schweitzer, with a much smaller annual visitation, relies more heavily on condo sales and real estate development for revenue. “It’s a different business philosophy than a day-use area,” she said.
The change in ownership will be unnoticeable to most of Schweitzer’s guests and employees, Chio said. Ron Nova will continue as Schweitzer’s general manager, and MIG will continue to implement the mountain’s master plan.
Improvements for the 2005-2006 season include installation of a surface lift that will open up 350 acres of additional terrain for advanced skiers and snowboarders; a “Magic Carpet” lift for beginners; and a new tubing area. Lakeview Lodge is slated for improvements, and an expansion of summer activities, including tennis and miniature golf, are also in the works.
Schweitzer is also continuing its real estate development. Next year, the resort will put 35 lots at Trapper Creek on the market. In addition, 40 lots will be for sale at Greyhawk, a private ski-in/ski-out community.
Harbor Properties had owned Schweitzer since 1998. MIG will operate Schweitzer under a subsidiary, New Schweitzer LLC.