CBRE: Ragged Mountain Real Estate Offering Brought to Market

CBRE Golf & Resort Group announces the offering of the Ragged Mountain Ski Resort and its surrounding 1,900 acres of land in Danbury, N.H. At the same time, the residential development land at the resort base area, which is owned separately from the ski resort operations, is also being offered for sale. The residential component, offered independently from the resort, is poised and set for developing overnight accommodations.

"The Ragged Mountain Ski Resort listing provides the opportunity to own one of the best slopes and amenities on the East Coast," said Jeff Woolson, vice chairman and managing director of CBRE Golf & Resort group. "The dedication and investments that have been put into the resort have not only helped to substantially increase skier visits and thereby creating significant numbers of new jobs in the immediate area, but have also set it up for future success under a new owner”.

Located just under a hundred miles from downtown Boston, Ragged Mountain Ski Resort is considered one of the top local resorts in the Eastern U.S. The resort has two peaks with 250 skiable acres of terrain and 57 trails. There are also plans for a phased expansion of significant skiable terrain on Pinnacle Peak, the third peak at the Ragged Mountain ski area. The current owners have made substantial capital improvements at the resort, including lifts, snowmaking, base lodge upgrades, parking lots and base area lodging.

Requests for Ragged Mountain Ski Resort are being offered as a whole or in part. A potential buyer could purchase the resort or the real estate development land or buy the two together. The offering details can be found at cbreraggedmountain.com.

CBRE's Golf & Resort Group specializes in marketing premier leisure properties, including golf clubs, ski resorts, marinas, master-planned communities and development land associated with each property type. The group has successfully closed transactions totaling more than $2.9 billion, including 28 transactions totaling $843 million over the last five years.