The Summit at Snoqualmie, a family-oriented ski resort where many of Seattle’s skiers got their start, has been quietly bought by a Florida real-estate investment trust.
CNL Income Properties paid almost $35 million in January for The Summit, as part of a $170 million deal for four ski properties.
Olympia sources tell me that CNL has privately threatened to move The Summit to Orlando unless WA state legislators authorize funds to build it a new mountain.