CNL Income Properties
Encyclopedia
CNL Lifestyle Properties is an unlisted Real Estate Investment Trust
(REIT). The Trust is managed by CNL Financial Group. The company buys resort properties across the nation, but has no day-to-day management involvement in the properties it owns.
10 ski resorts:
Two former Six Flags
-owned and branded parks:
Two former non-branded Six Flags
parks:
Three former Six Flags
owned waterparks:
CNL Income Partners signed a refinancing deal with Magic Springs and Crystal Falls
amusement park that will allow $10 million in new attractions to be added over the next two years. CNL will acquire Magic Spring's assets and then will lease them back to the park.
Real estate investment trust
A real estate investment trust or REIT is a tax designation for a corporate entity investing in real estate. The purpose of this designation is to reduce or eliminate corporate tax. In return, REITs are required to distribute 90% of their taxable income into the hands of investors...
(REIT). The Trust is managed by CNL Financial Group. The company buys resort properties across the nation, but has no day-to-day management involvement in the properties it owns.
Properties
Among the properties CNL Income fully or partially owns are:10 ski resorts:
- Northstar at TahoeNorthstar at TahoeNorthstar California is a year-round resort situated near the North Shore of Lake Tahoe in Placer County, California, approximately from the San Francisco Bay Area...
, CaliforniaCaliforniaCalifornia is a state located on the West Coast of the United States. It is by far the most populous U.S. state, and the third-largest by land area... - Mountain HighMountain HighMountain High resort is a winter resort in the San Gabriel Mountains in Los Angeles County in California. Mountain High is the most-visited resort in Southern California. The resort is located along State Route 2 west of Wrightwood, California...
, California - Sierra-at-TahoeSierra-at-TahoeSierra-at-Tahoe is a ski and snowboard resort in Twin Bridges, California south of Lake Tahoe. Sierra-at-Tahoe is approximately 16 miles south of Stateline, Nevada and 12 miles south of South Lake Tahoe on Highway 50 and is contained within the Eldorado National Forest...
, California - The Summit at SnoqualmieThe Summit at SnoqualmieThe Summit at Snoqualmie, located on Snoqualmie Pass, Washington, is a winter resort providing alpine skiing and snowboarding, Nordic skiing, and winter tubing owned by CNL Investment Properties, Inc. and managed by Boyne Resorts....
, Washington - Loon MountainLoon MountainLoon Mountain is a mountain in Lincoln, New Hampshire, in Grafton County. It is in the White Mountain National Forest.The mountain is known for Loon Mountain Ski Resort, which, like most New England mountain resorts, has expanded into an all-season recreation area.-External links:* - Official site*...
, New HampshireNew HampshireNew Hampshire is a state in the New England region of the northeastern United States of America. The state was named after the southern English county of Hampshire. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Atlantic Ocean to the east, and the Canadian... - Bretton Woods Mountain ResortBretton Woods Mountain ResortBretton Woods Mountain Resort is a ski area located in Bretton Woods, New Hampshire, across from the Mount Washington Hotel.-Location and terrain:...
, New Hampshire - Brighton Ski ResortBrighton Ski ResortBrighton Ski Resort is a ski area located in Big Cottonwood Canyon, from downtown Salt Lake City, Utah. Brighton Ski Resort was the first ski resort in Utah, and one of the first in the United States. Brighton was started in 1936 when members of the Alpine Ski Club built a rope tow from wire and...
, UtahUtahUtah is a state in the Western United States. It was the 45th state to join the Union, on January 4, 1896. Approximately 80% of Utah's 2,763,885 people live along the Wasatch Front, centering on Salt Lake City. This leaves vast expanses of the state nearly uninhabited, making the population the... - Sugarloaf, MaineMaineMaine is a state in the New England region of the northeastern United States, bordered by the Atlantic Ocean to the east and south, New Hampshire to the west, and the Canadian provinces of Quebec to the northwest and New Brunswick to the northeast. Maine is both the northernmost and easternmost...
- Sunday RiverSunday River (ski resort)Sunday River is a ski resort located in Newry, Maine, in the United States. It is one of Maine's largest and most visited ski resorts. Its vertical drop of is the second largest in Maine and the sixth largest in New England...
, Maine - tevens Pass Ski Resort King County}} Washington
Two former Six Flags
Six Flags
Six Flags Entertainment Corp. is the world's largest amusement park corporation based on quantity of properties and the fifth most popular in terms of attendance. The company maintains 14 properties located throughout North America, including theme parks, thrill parks, water parks and family...
-owned and branded parks:
- Darien Lake Theme Park Resort, New YorkNew YorkNew York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
- Elitch Gardens Theme ParkElitch Gardens Theme ParkElitch Gardens Theme Park, locally known as "Elitch's", is an amusement park in Denver, Colorado. It is owned by CNL Lifestyle Properties and operated by Herschend Family Entertainment Corporation...
, ColoradoColoradoColorado is a U.S. state that encompasses much of the Rocky Mountains as well as the northeastern portion of the Colorado Plateau and the western edge of the Great Plains...
Two former non-branded Six Flags
Six Flags
Six Flags Entertainment Corp. is the world's largest amusement park corporation based on quantity of properties and the fifth most popular in terms of attendance. The company maintains 14 properties located throughout North America, including theme parks, thrill parks, water parks and family...
parks:
- Frontier CityFrontier CityFrontier City is a western-themed amusement park in Oklahoma City's Adventure District. It is currently owned by CNL Lifestyle Properties and operated by former Six Flags executives Kieran Burke and Gary Story. The park is the subject of the song "Frontier City" by the Nashville band Kings of...
, OklahomaOklahomaOklahoma is a state located in the South Central region of the United States of America. With an estimated 3,751,351 residents as of the 2010 census and a land area of 68,667 square miles , Oklahoma is the 28th most populous and 20th-largest state... - Wild Waves and Enchanted Village Theme and Waterpark, Washington
Three former Six Flags
Six Flags
Six Flags Entertainment Corp. is the world's largest amusement park corporation based on quantity of properties and the fifth most popular in terms of attendance. The company maintains 14 properties located throughout North America, including theme parks, thrill parks, water parks and family...
owned waterparks:
- White Water BayWhite Water BayWhite Water Bay is a water park in Oklahoma City, Oklahoma built in 1981. Originally built by the Herschend Family Entertainment Corporation, White Water Bay was picked up by Premier Parks in 1991 and its name was changed from White Water to White Water Bay...
- SplashTown Waterpark Houston, TexasTexasTexas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
- Waterworld CaliforniaWaterworld CaliforniaWaterworld California is a water park located in Concord, California. It was developed, owned and operated by Premier Parks, and now it is under the management of Palace Entertainment.-Recent Events:...
CNL Income Partners signed a refinancing deal with Magic Springs and Crystal Falls
Magic Springs and Crystal Falls
Magic Springs and Crystal Falls is an amusement park and water park located in Hot Springs, Arkansas, about 50 miles from Little Rock. A single price admission includes all day use of the rides and attractions in both parks. The park is open weekends from April through October and daily late-May...
amusement park that will allow $10 million in new attractions to be added over the next two years. CNL will acquire Magic Spring's assets and then will lease them back to the park.
External links
- CNL Lifestyle Properties - official site