The resort will continue to host workshops and events organized by the Sundance Institute and the Redford Center, including serving as a location for the annual Sundance Film Festival. The deal also includes an agreement to preserve land in the area. While the resort has been Redfords Utah home for decades, the property also created a lot of weight for me to be carrying around, he said in an interview prior to the announcement. Redfords ranch, Horse Whisper Ranch, named after his 1998 movie The Horse Whisperer, is located 16 miles north of Sundance, Utah and spans 30 acres. This material may not be published, broadcast, rewritten, or redistributed. But to be sustainable, the property had to make money. The actor founded Sundance Mountain Resort more than 50 years ago. Redford founded the resort in 1969, which he named after the film character that made him famous in Butch Cassidy and the Sundance Kid. The resort boasts over 40 runs across 450 acres of terrain, as well as numerous dining options and even an on-site spa. Give Light and the People Will Find Their Own Way. Redford built the property for his horses to spend the winter. Benjamin Leahy of Cedar Capital Partners said the companies plan to improve Sundances infrastructure, adding some ski runs and a high-speed lift, among other upgrades. The new owners are committing to "slow, thoughtful, low-density, and measured growth" and "a central commitment to sustainability in all its forms," the press release said. They sleep up to fifteen guests, and come with amenities like ping-pong and pool tables. We knew that at the right time, and with the right people, we could make the transition.". It offers a unique mix of skiing balanced with art and nature and is a firm favourite of PlanetSKI. Robert Redford discovered the site that would become Sundance while riding his motorcycle through Utah during his college days. Redford founded the Sundance Film Festival, as well as the Sundance Institute, an arts nonprofit. Rumors have been circulating that Robert Redford may have sold the iconic Sundance Resort, nestled in the Wasatch Mountains of Utah. They have also agreed to do so following Redfords guidelines of sustainable and locally sourced building materials. Plan ahead and prepare for changes, resorts say, Utah ski resorts prepare for ski season, COVID, US resorts adapt to new normal of skiing amid pandemic, 7 great family activities in Utah's Dinosaurland, Popular Zion trail open again but remains 'no walk in the park,' rangers say. The buyers are Broadreach Capital Partners, a Palo Alto-based real estate investment firm, and Cedar Capital Partners, a London-based hospitality sector investment firm. "Change is inevitable, and for several years, my family and I have been thinking about a transition to new ownership for the resort. Actor Robert Redfords Sundance Mountain Resort has a few things in common with the Dutton ranch on Yellowstone. Like its fictional counterpart, Sundance is a site of natural splendor that is threatened by encroaching developments. Broadreach principals have decades of experience in the development/leisure assets space. Robert Redford Sells Sundance Ski Resort in Utah - PlanetSKI Utah breaks ground on 'exciting' new firefighting center. Over the following decades, Redford created his own haven here, a marriage between art and nature shielded from the mega-developments rising like new mountains out of the Rockies. 500 acres remain in an easement of preserved land, never to see development. It offers a unique mix of skiing balanced with art and nature and is a firm favourite of PlanetSKI. There are many incredible restaurants, museums and things to do nearby, especially so close to Park City, home to phenomenal skiing, and Utahs capital, Salt Lake City. It also is a sanctuary for those who live there, as the property borders the northern edge of the Deer Creek Reservoir and the Provo River. In addition to Horse Whisper Ranch, he also owns another ranch in Sundance. Redford built a cabin and lived the mountain lifestyle with his young family between his early films. Broadreach and Cedarsay that their intention is to work closely with theSundance community to build upon the attributes that have made the resort aone-of-a-kindplace. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Broadreach and Cedar intend to work closely with theSundance community to build upon the attributes that have made the resort aone-of-a-kindplace: a spectacular setting with nature as the main attraction; slow, thoughtful, low-density, and measured growth;and, a central commitment to sustainability in all its forms. Who owns Sundance now? During the late 1960s, developers discovered Utah, including the Provo area. The rooms borrow similar interior-design cues for the freestanding cabins, with hiking trails and pathways connecting each. All accommodations retain a kind of ski-lodge-chic feel, with requisite wood paneling and beastly craniums hanging on the walls. Sundance Mountain Resort pictured on opening day, Dec. 4, 2020. Robert Redford has agreed to sell the Sundance Mountain Resort to Broadreach Capital Partners and Cedar Capital Partners. Sundance Snowfall History - UPDATED 23/24 - SnowPak This category only includes cookies that ensures basic functionalities and security features of the website. In conjunction with this announcement, Robert Redford and his family have entered into a partnership with Utah Open Lands to put over 300 acres of pristine wildlife habitat, streams, and wetlands into permanent protection. As Ski Mag wrote in a revealing profile on Redford, that was back when Sugarbush was small and stylish. These days, small and stylish are two words not often found together when describing mountains like Park City or Vail. Cedar and Broadreach share our values and interest in maintaining the resorts unique character, while honoring its history, community and natural beauty. While HNNs editorial mission is to produce unique content, it occasionally publishes timely, newsworthy news releases to complement in-house reporting efforts. For the Spirit of the Mountains PlanetSKI: Number One for ski news, Content copyright 2023, PlanetSKI Ltd. | Privacy policy. Each building features a modest, yet clean design, ideal for small families. How much did Utah's record snowpack help the Great Salt Lake? Broadreach principals have decades of experience in the development/leisure assets space. Image PlanetSKI. Originally listed for $4.9 million, the breathtaking pastoral estate overlooks the 12,000-foot Mount . According to a press release, the sale included a commitment to balancing responsible development and land preservation. Dec 12, 2020,03:58pm EST Listen to article This article is more than 2 years old. This archived news story is available In the 1950s, Redford fell in love with Utah when he rode his motorcycle from California to college at University of Colorado. It feels more like a small village than a typical resort, but the amenities hot tubs and fireplaces, luxury linens and barbecue grills are competitive with any mountain resort. The purchase will not affect Redford's other involvements such as the Sundance Institute of the Sundance Film Festival. We intend to thoughtfully enhance this experience and continue the Redford commitment to guests, staff, the Sundance Institute and community, and most importantly, the natural environment itself.". So why did Redford decide to sell part of his ownership? Explore Tablet Hotels. The phenomenon turning Utah's mountains pink and red, 'Significant' 94M-year-old marine reptile fossil found in Utah, Retailers, beware: Resumption of student loan payments could lead some buyers to pull back, Former 'Smallville' actress and high-ranking member of Nxivm group Allison Mack released from prison, This Utah company wants to change the way people work from home, Have You Seen This? Located at the base of Mt. Share to Facebook Share to Twitter Share to Linkedin The Way It Was: Robert Redford and Bono at the 2008 Sundance. Wheres the Cheapest Beer in the Mountains? This Hidden Backyard Comedy Club Draws Los Angeless A-List Stand-ups, Worlds Largest Archive For A Jazz Musician Opens July 6, U.S. Airlines Have Best Frequent-Flier Programs, This Newly Renovated Museum Is Luring Families To Upstate New York This Summer. This website uses cookies to improve your experience. Timpanogos, only an hours drive from Salt Lake City and 45 minutes from Park City. Sundance Mountain Resort Announces New Ownership, Reaffirming The average Sundance Resort hourly pay ranges from approximately $19 per hour for an undefined to $19 per hour for an undefined . There are seven structures total on the property. The resort will continue to host workshops and events organized by those entities, and it will serve as one of the locations for the annual Sundance Film Festival. Cedar owns the following resorts and hotels: Shelborne South Beach, Miami; The Hoxton Hotel, Rome; The Grosvenor Hotel, Edinburgh; The Lloyd Hotel, Amsterdam; Angsana Corfu A Banyan Tree Resort, Corfu; Mama Shelter, Prague. It was all part of the actors plan when he established the resort more than 50 years ago. For those looking to experience Sundance beyond skiing and snowboarding, there are plenty of other activities available year-round. These cookies will be stored in your browser only with your consent. Then he built a cabin, where he lived with his family in between making movies. But Sundance had become an albatross for the filmmaker. But I wanted the perfect marriage of art and nature. With the Sundance Resort, he may have done it. Cedar Capital Partners, based in London and New York, has an international portfolio of luxury hotels. UPDATED 99 99 Shares As Ski Mag wrote in a revealing profile on Redford, that was back when Sugarbush "was small and stylish." The agreement, announced today by Robert Redford, who founded Sundance Mountain Resort more than 50 years ago, is the result of a long-term, strategic plan designed to preserve and build upon the Redford legacy at the resort, including a continued commitment to balancing responsible development and land preservation. Copyright 2023 The Washington Times, LLC. There are a total of seven structures on the property. Best Whiskies For Your Summer Grilling, Shh! It also overlooks the 12,000-foot Mount Timpanogos, the second-highest of the Wasatch Mountains. Watch Redford narrate a tour of the resort here: In December, Redford announced that he is selling the 2,600-acre resort. This makes them well-suited to ensure that future generations can continue to find solace and inspiration here.". Roger Ebert called Downhill Racer, the 1969 Robert Redford film about competitive alpine skiing, the best movie ever made about sports without really being about sports at all. You could apply a similar description to Redfords Sundance Resort in Utah. Not to say that theres no sense of luxury. PROVO CANYON In a deal several years in the making, Robert Redford announced Friday that he has agreed to sell Sundance Mountain Resort to Broadreach Capital Partners and Cedar Capital Partners. Book Sundance Resort on Tablet Hotels. It does not affect the structure of, orRobert Redford'sinvolvement in,the Sundance Instituteand Sundance Film Festival, Sundance Catalog, Sundance TV,orthe Redford Center. Its clear that while there may have been some changes behind-the-scenes at Sundance, the essence of what makes this resort so special remains unchanged. Redford sells Sundance Mountain Resort - FOX 13 Utah Robert Redford's Utah Horse Ranch Hits The Market For $4.9 Million The resort, which Redford founded in 1969, has become a popular destination for skiers and outdoor enthusiasts alike. This makes them well-suited to ensure that future generations can continue to find solace and inspiration here., Redford founded the resort in 1969, which he named after the film character that made him a fan favorite Butch Cassidy and the Sundance Kid. The resorts soon-to-be new owners have plans to upgrade aspects of the resort, but with an eye to retaining its authenticity.. How much does Sundance Resort pay an hour? Cedar Capital Partners, London & New York City. All Rights Reserved, Robert Redford selling Sundance Mountain Resort; 300 acres to be preserved, Growing pains: What the I-15 expansion will mean for Utah, The Meanjin Olympics? PROVO CANYON In a deal several years in the making, Robert Redford announced Friday that he has agreed to sell Sundance Mountain Resort to Broadreach Capital Partners and Cedar Capital Partners. From hiking and mountain biking during the summer months to cross-country skiing and snowshoeing in the winter, theres something for everyone at this iconic destination. The resort has artistic roots, authenticity, and a strong connection to nature. Get informative articles and interesting stories delivered to your inbox weekly. Ashley Fredde covers human services and and women's issues for KSL.com. Its a ski resort thats focused on art, community, and the environment at least as much as its focused on skiing. Founded in 2004, the firm has made investments with a value in excess of $4 billion and has maintained a consistent track record of strong performance and value creation throughout various market cycles. Real-life Barbie dreamhouse is on Airbnb, 2 killed in Davis County motorcycle crash identified as law enforcement officers, Hawaii's first poet laureate helping Utah students tell their own stories, A change is coming to Subway restaurants today, Secondary test of powder found in West Wing lobby shows it's cocaine, Biden briefed on investigation, Plan to demolish house where 4 University of Idaho students were slain prompts objections. or superseded by additional information. Here at PlanetSKI we were fortunate enough to meet the man himself back in 2002 when we were in Utah for the Salt Lake City Winter Olympics. Soon, he would build hundreds of private and rental cottages to help fund that artistic engine. Only time will tell, but I hope it wont change too much! and last updated 3:17 PM, Dec 11, 2020. Redford's Sundance Mountain Resort Sold - CoStar Unlike the Dutton ranch, it has made conservation the center of its existence, with a resort-wide recycling program and other green initiatives. Image PlanetSKI. For him, the 12,000-foot mountain evoked the Swiss Alps, its vast landscape holding all kinds of possibility. Break Up With Beer And Drink These Perfect Summer Barbecue Wines, The Worlds Best Destinations For Senior Travelers, What To Drink With BBQ? Founded by Robert Redford in 1969, Sundance Mountain Resort is an all-season resort that offers multiple outdoor activities including downhill skiing, ziplining, mountain biking, hiking, horseback riding and fly-fishing. The . Redford sells Utah's Sundance Mountain Resort to 2 companies Who is the richest singer? Other terms of the agreement were not disclosed. This deal doesnt include or impact Redfords other assets and projects bearing the same name, including the Sundance Institute, the Sundance Film Festival, Sundance Catalog, Sundance TV or the Redford Center, according to a press release. written by Jennifer Shea April 28, 2021 12:07 pm Actor Robert Redford exercising one of his (Photo by John Dominis/The LIFE Picture Collection via Getty Images) Actor Robert Redford's Sundance Mountain Resort has a few things in common with the Dutton ranch on "Yellowstone." In the greatest nation ever, why are progressives so glum? The resort, which is 2,600 acres, was founded more than 50 years ago by Redford. Sundance is different from the Park Cities, Altas, and Snowbirds, says the hotel, affirming Redfords vision, in a conversation with Tablet. The rustic simplicity of Sundance Mountain Resort is graced by 5000 acres of protected wilderness at the base of 12,000 ft Mt. We are deeply honored to assume stewardship of this magical resort and its unique programming and are committed to maintaining the balance between responsible development and land preservation that the Redford family has passionately cultivated. archived form does not constitute a republication of the story. Broadreach and Cedar share our values and interest in maintaining the resort's unique character, while honoring its history, community and natural beauty. SUNDANCE, Utah Sundance Mountain Resort is being sold, founder and current owner Robert Redford announced Friday. And while you didnt have to be Hollywood royalty to see that the unfettered development across Colorado and Utah would threaten its natural beauty, you had to have some connections to do what Redford did next. Host to artists and their work, the Sundance Art Gallery at the resort features exhibits and workshops. Among their plans, Broadreach and Cedar aim to enhance the ski experience, expand on-mountain amenities, explore increasing the hotel bed base, and further the commitment to creative activities and cultural programming. Three months after Robert Redford sold the property the actor opened in 1969, the new group announced . We intend tothoughtfully enhancethis experienceand continue the Redford commitment to guests, staff,the Sundance Institute andcommunity, and most importantly, the natural environment itself.". Robert Redfords Massive Utah Resort Looks Like It Belongs on Kevin Costners Yellowstone: Take a Tour of the Property, https://www.youtube.com/watch?v=m_ED_1iGIY4, THE STORY OF SUNDANCE MOUNTAIN RESORT (https://www.youtube.com/watch?v=m_ED_1iGIY4). Exclusive: Robert Redford sells Sundance Mountain Resort to pair of
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