Grouse Mountain Resort will once again be Canadian owned by the end of the month. Shanghai-based China Minsheng Investment Group has agreed to sell the resort to Northland Properties, a conglomerate which owns Revelstoke Mountain Resort along with numerous hotels and an NHL franchise. “With our strong family and company roots in Vancouver BC, we are excited with the opportunity to make this acquisition,” said Tom Gaglardi, President and CEO of Northland Properties Corporation. “We look forward to working closely with the existing team and leadership group, as well the community to ensure we maintain and evolve the iconic Grouse Mountain experience for all of our visitors.”
Grouse Mountain operates four Leitner-Poma quad lifts and is accessed exclusively by aerial tramways as there are no public roads to the area. The Canadian Broadcasting Corporation reports replacing the Blue Skyride is a top priority for the new owner. The aerial tramway was built in 1965 and carries only 44 passengers per car when open. Even with the 1976 Red Skyride next door, the tramways often prove inadequate for moving large numbers of people, especially during stormy weather.
“We welcome the opportunity to join Canada’s fastest growing hospitality group,” said Michael Cameron, President of Grouse Mountain Resort. “As a leader in the hotel and restaurant industry, Northland Properties has shown tremendous growth and innovation across their diversified group of companies. We look forward to working together, recognizing the accomplishments that the Grouse Mountain Resort and its team have achieved over the years and continuing to build on that success.”