Jeld-Win selling Silver Mountain

Snowskaters on the slopes at Silver Mountain Resort in February 2015. (Jesse Tinsley / The Spokesman-Review)

Silver Mountain Resort in Kellogg is getting a new owner.

Jeld-Wen Holdings Inc., which has owned the resort for 20 years, is selling the North Idaho property for $5 million, according to a recent filing with the federal Securities and Exchange Commission. The buyer wasn’t disclosed in the Sept. 12 filing, and the company hasn’t identified the buyer.

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

Jeld-Wen sold three central Oregon resorts in 2010 and said at that time it was willing to sell Silver Mountain as well. The company entered into an agreement to sell the Silver Mountain operations in March 2013, but that deal fell through.

On July 26, the company entered into a new agreement to sell the resort and real estate development for $6 million, and it dropped the price to $5 million on Sept. 9. The sale was expected to close last month or early this month. Shoshone County has not yet recorded a change of ownership in Silver Mountain/Scott Maben, SR. More here.