Royal Gorge

Client
Armed Forces Bank, N.A.; successor by merger to Bank Midwest, N.A.

Property Description
Royal Gorge is America’s largest cross country ski resort. The property – which is located nearby the renowned Sugar Bowl Resort – includes 3,240 acres of Sierra Nevada land rich in history and biodiversity.

Scope of Work
Acting as agent for the Receiver, Douglas Wilson Companies (DWC) was charged with keeping a large ski resort operating while untangling and solving a number of complex issues – jumbled entities, commingled properties, water rights, and dam safety.

DWC’s Brokerage also exclusively listed and completed the $11.25 million receivership sale of Royal Gorge to two conservancy groups – the Truckee Donner Land Trust and The Trust for Public Land.