BILLINGS, Mont. — Montana's ultra-posh Yellowstone Club is in new hands, following a $115 million deal that the new owner hopes will close the door on the resort's much publicized descent into bankruptcy.
Eight months ago, the millionaires-only club was on the verge of liquidation, a victim of its prior owners' excesses and the broader economic downturn that choked off the flow of money fueling the club's rise.
On Friday, CrossHarbor Capital Partners of Boston bought the 13,600-acre private ski resort about 50 miles south of Bozeman at what was considered a bargain-basement price.
Read more:
http://www.google.com/hostednews/ap/article/ALeqM5gzb_qDMdMX4uxxdyQrrogGGv082gD99GGM300
0 comments:
Post a Comment