Royal Gorge Cross Country Ski Resort is one of the largest cross country ski resorts in North America with approximately 5,000 acres of cross country ski and snowshoe trails. The resort is located in Soda Springs, California, just north of Lake Tahoe. Included in the receivership was Summit Station, a ski lodge with café, ski rental and retail shop, and Rainbow Lodge, a 31 room historically designated bed and breakfast.
Project Description
Acting as agent for Receiver, Douglas Wilson Companies (DWC) was charged with preserving, operating and selling the various assets that comprise the resort.
Scope of Work
DWC’s primary responsibilities included managing ski resort and hotel operations, ensuring the various operating and liquor licenses remained current, and maximizing the recovery of proceeds from the ski resort and hotel. In addition, DWC untangled and solved a range of complex real property issues – jumbled entities, commingled properties, water rights and dam safety.
Project Resolution
The ski resort, which encompasses 3,240 acres and the historic Rainbow Lodge were each independently sold by DWC’s brokerage division on behalf of the Receiver. The Receiver was discharged.
Project Name
Royal Gorge Cross Country Ski Resort
Client
Superior Court of the State of California, Placer County
Location
Tahoe, CA
