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Thursday, December 13, 2018  Spokane, Washington  Est. May 19, 1883
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News >  Idaho

Seattle-area businessman buys Silver Mountain Resort in Kellogg

Bryce Rich, center, rides a snowskate, a broad skateboard deck mounted on a fat, short ski, at Silver Mountain Sunday, Feb. 15, 2015. (Jesse Tinsley / The Spokesman-Review)
Bryce Rich, center, rides a snowskate, a broad skateboard deck mounted on a fat, short ski, at Silver Mountain Sunday, Feb. 15, 2015. (Jesse Tinsley / The Spokesman-Review)

A Seattle-area businessman has bought Silver Mountain Resort in Kellogg.

Tryg Fortun, manager of Eclectic, LLC, has been skiing the mountain for many years now and loves the resort, said a news release from the resort Thursday evening.

“This is my favorite ski resort anywhere in the world and we are excited to be part of it,” Fortun said in the release.

“We plan to ‘up the stoke,’ take the resort to the next level and become the preferred year around destination resort in the Pacific Northwest.”

Fortun, a real estate investor from Kenmore, Washington, owns apartments in the Seattle area and Wenatchee as well as condominiums at Morning Star Lodge at Silver Mountain.

Jeld-Wen Holdings Inc., which has owned the resort for 20 years, sold the resort for $5 million, according to a recent filing with the federal Securities and Exchange Commission.

Silver Mountain includes a ski operation with three-mile gondola, nine-hole golf course and indoor waterpark.

On Sept. 28, Fortun filed for new limited liability corporations in Idaho under the names Golf, H2O, F&B, Village Management, Powder and Apartment.

Those likely refer to the Galena Ridge Golf Course, Silver Rapids Waterpark, food and beverage service for the resort restaurants, the company that manages condo rentals and maintenance, the ski hill and apartments the resort owns near the gondola base.

All 277 of the Morning Star Lodge condos are privately owned.

Improvement plans for the resort and more details will be announced at a later date, the resort said in the release.

Jeld-Wen, a window-and-door manufacturer based in Charlotte, North Carolina, bought the resort from the city of Kellogg in 1996.

In 2013, the company entered into an agreement to sell Silver Mountain, but that deal fell through.

On July 26, the company entered into a new agreement to sell the resort for $6 million, and it dropped the price to $5 million Sept. 9.


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