SEATTLE - The company that runs The Summit at Snoqualmie has agreed to sell its stake in the state's busiest ski resort to the owners of Crystal Mountain, the third most popular ski area in Washington.
Booth Creek Ski Holdings Inc., headquartered in Vail, Colo., announced the deal Wednesday, saying it had agreed to sell its interests in the Summit and Loon Mountain ski resort in New Hampshire to Michigan-based Boyne USA Inc.
The sales are expected to close around Sept. 30.
CNL Income Properties Inc., a real estate investment trust based in Orlando, Fla., will continue to own both the Summit and Loon Mountain.
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Boyne will run the resorts under long-term lease agreements.
The Summit and Crystal plan to offer season passes that will work at both ski areas.