Ski hills are hot. They are precisely the sort of high-quality, out-of-home recreational experience upon which Entertainment Properties Trust was built. As a real estate investment trust focusing on specialty properties, we provide real estate financing for ski hills favored by a discerning public.
The appeal lies in convenience. Skiers and snowboarders are passionate about their recreational sport, and they invest in equipment to enjoy it. But not every enthusiast has the time or the money to spend more than a few days traveling to ski resorts in popular and glamorous mountain locations.
The popular solution is the nearby ski park, a regional entertainment and recreation experience serving the growing demand for skiing and snowboarding.
Ski parks have a sustainable competitive advantage for the recreation dollar. They provide outdoor entertainment and recreation during the winter, when many outdoor recreational opportunities are diminished. That’s why EPR has invested more than $138 million in ski parks with 312 trails across 1,598 acres.
The high-quality ski parks preferred by EPR offer snowmaking ability over most or all of multiple trails with a variety of terrains and vertical drop options. Proximity of these parks offer both skiing and snowboarding as an everyday recreation experience, not just a once-a-season vacation.
The result is a standard-setting customer experience that encourages increased – and repeat – visits to EPR properties where consumers enjoy leisure and recreational choices. We understand how real estate values are driven by consumer desires for such experiences and we stand ready to provide real estate financing solutions for ski park owners and operators.