Grouse Mountain Resort in North Vancouver has been purchased by Northland Properties Corp from CM (Canada) Asset Management Co. Ltd. Northland owns a number of properties which include Revelstoke Mountain Resort and Selkirk Tangiers Heli Skiing in British Columbia.
“With our strong family and company roots in Vancouver, we are excited with the opportunity to make this acquisition,” said Tom Gaglardi, president & CEO of Northland Properties Corporation. “We look forward to working closely with the existing team and leadership group, as well the community to ensure we maintain and evolve the iconic Grouse Mountain experience for all of our visitors.”
Grouse Mountain is Vancouver’s number one natural attraction. Welcoming 1.3 million guests each year, the resort is the premiere year-round destination in the Lower Mainland offering a variety of outdoor adventures, exceptional cultural and educational experiences and the best in local snow sports.
“Since our acquisition in 2017, Grouse has made significant strategic investments in management, sales and marketing, facilities and infrastructure, adventure offerings, and technology capabilities to bolster its value-add for guests,” said Kenny Zou, managing director of CM. “We are delighted to have partnered with such a collaborative management team and achieved impressive growth. Looking ahead, joining one of Canada’s top hospitality groups will be highly beneficial for Grouse Mountain’s guests, employees, and partners.”
Northland Properties Corporation is a Canadian company, 100 per cent privately-owned by the Gaglardi Family with headquarters in Vancouver. The transaction is expected to close in January 2020.
“We welcome the opportunity to join Canada’s fastest growing hospitality group,” said Michael Cameron, president of Grouse Mountain Resort. “As a leader in the hotel and restaurant industry, Northland Properties has shown tremendous growth and innovation across their diversified group of companies. We look forward to working together, recognizing the accomplishments that the Grouse Mountain Resort and its team have achieved over the years and continuing to build on that success.”