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Posts tagged: silver mountain resort

Take a look at the comments on today’s story on Silver Mountain Resort

In case you missed the story on the extended deadline for the sale of the Silver Mountain Resort, here's the Spokesman.com link to that story.

In brief: Oregon manufacturing company Jeld-Wen is looking for buyers to take over all or parts of the fairly large Silver Mountain Resort properties in Kellogg.

For once, I must salute the commenters on that story. Three distinct points of view, and not a knuckleheaded remark from any of them.  Salu.

Canadian firm takes major stake in Jeld-Wen, owner of Silver Mountain Resort

Canadian investment firm Onex Corp. is buying a majority stake in Oregon-based Jeld-Wen, which owns Silver Mountain Resort in North Idaho.

Orex, based in Toronto, is spending $675 million for its majority shares of Jeld-Wen, based in Klamath Falls, The Oregonian reported.

Of the total Onex is said to be investing $475 million in cash for a 39 percent stake. It will also issue a $189 million note convertible to additional stock.

Silver Mountain Resort in Kellogg includes a ski operation, nine-hole golf course, condos and indoor waterpark.

Jeld-Wen last winter sold three central Oregon resorts to a partnership led by Northview Hotel Group of Westport, Conn. The properties were Eagle Crest near Redmond, Brasada Ranch in Powell Butte near Bend, and the Running Y in Klamath Falls. Also sold was Ridgewater Properties, adjacent to the 

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John Stucke John Stucke is a deputy city editor who helps build local news coverage and writes about health care, bankruptcy and rural affairs.

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