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? The 30-acre property has hit the market for $4.9 million. There, large crowds gather at massive lift lines and mid-mountain taco stands. He first purchased the property in 1996 for his horses to exercise during the winter, and Horse Whisper Ranchs name was inspired by the 1998 Western drama film The Horse Whisperer, directed by and starring Redford. He added: "Change is inevitable, and for several years, my family and I have been thinking about a transition to new ownership for the resort. 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. The purchase of Sundance Mountain Resort includes all of its assets such as resort buildings, ski lifts, on-site dining venues, and events spaces. Mountain Homes, meanwhile, have their own names ones like Hawks Nest, Dream Catcher, and Owl Spirit that could double for ski runs. 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.". The Salt Lake Tribune reports that the resort has served as Redfords Utah home for more than 50 years. The new owners, Broadreach and Cedar, said that they "intend to work closely with the Sundance community to build upon the attributes that have made the resort a one-of-a-kind place: 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.". Today, people are more familiar with Robert Redfords other Sundance in Utah, the wildly successful film festival that takes place in nearby Park City. Please send me exclusive deals, travel inspiration and updates from Tablet. Cedar is a firm dedicated to investing in the hospitality sector. According to a press release, the sale included a commitment to balancing responsible development and land preservation. Redford announced the sale to employees Friday. "In 1969, Robert Redford had a courageous vision to create a haven for discovery and new ideas, immersed in a rich cultural history honoring individuality and creativity," said Philip Maritz, managing director of Broadreach Capital Partners, in the release. It was recently announced that the Sundance Film Festival, schedule for Jan. 28- Feb. 3, would be a mostly virtual event next year, due to the COVID-19 pandemic. Robert Redford Sells Sundance Mountain Resort - Forbes I was determined to preserve this, but it was not bought with big money, Redford told Ski Magazine. 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. Sundance Resort's new owners waste no time making upgrades to ski area Redford founded the resort in 1969, which he named after the film character that made him famous in Butch Cassidy and the Sundance Kid. Broadreach and Cedar announced in the press release that they plan to expand on-mountain amenities and potentially increase hotel beds and offer cultural programs. Exclusive: Robert Redford sells Sundance Mountain Resort to pair of It includes more than 5,000 acres (2,000 ha) on the slopes of Mount Timpanogos in Utah 's Wasatch Range. It seems as though actor and director Robert Redford is capitalizing on the real estate boom in the West, as he has officially listed his stunning Utah horse ranch for $4.9 million. By I Love Ski - Sun, 17 January 2021 Robert Redford, the two-time Oscar-winning actor and director, has just sold the Sundance Mountain Resort, Utah's luxurious mountain town in the middle of nature and it is considered one of the best destinations in North America. Rooms range across five tiers, from the Standard bed, bath, sitting area to the larger Mountain Lofts, complete with full-size kitchens, master bedrooms, loft space, and sitting rooms. The transaction includes all assets of Sundance Mountain Resort, including the resort buildings, ski lifts, on-site dining venues, and event spaces. Why theres talk of a name change for the Australian host of the 2032 Summer Games, Utah solicitor general picked to serve on the Federal Trade Commission. They will ensure that future generations continue to find solace and inspiration here.. Redford discovered the area when he was riding his motorcycle from his home in California to college at the University of Colorado in the 1950s. He and his family also partnered with Utah Open Lands to permanently protect more than 300 acres of pristine wildlife habitat, streams and wetlands. 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. only for your personal, non-commercial use. We knew that at the right time, and with the right people, we could make the transition. By subscribing, you acknowledge and agree to KSL.com's. It is mandatory to procure user consent prior to running these cookies on your website. Nominate Someone for a FOX 13 Dream Team Surprise. The resort, which Redford founded in 1969, has become a popular destination for skiers and outdoor enthusiasts alike. The cost of the sale of the resort has not been released. That kind of development was the reason I left Los Angeles. I cover home design and luxury real estate. Redford's Sundance Mountain Resort Sold - CoStar Located at the base of Mt. SUNDANCE, Utah, Dec. 11, 2020 /PRNewswire/ -- Robert Redford has agreed to sell the Sundance Mountain Resort to Broadreach Capital Partners and Cedar Capital Partners. Copyright 2020 Scripps Media, Inc. All rights reserved. The resort, which is 2,600 acres, was founded more than 50 years ago by Redford. 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. It offers a unique mix of skiing balanced with art and nature and is a firm favourite of PlanetSKI. Broadreach Capital Partners, headquartered in Palo Alto, California, is a real estate development company with luxury hotels and resorts worldwide. So Redford built the Sundance Mountain Resort and turned it into a ski and vacation destination. Sundance is located in Provo Canyon, at the foot of Utahs Mount Timpanogos. But is there any truth to these rumors? 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). Contents Does Robert Redford still live at Sundance? Redford reached an agreement to sell the resort to Broadreach Capital Partners LLC and Cedar Capital Partners Ltd., The Salt Lake Tribune reported Friday. 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. How much does Julia Roberts worth? The resort, which is 2,600 acres, was founded more than 50 years ago by Redford. The rest is cinema history. And thats no accident. But for as many stories as the cinematic Sundance has launched, the resorts own is just as worth telling. Mountain recreation includes skiing, snowboarding, night skiing, cross-country skiing and snowshoeing in winter and hiking, biking and . The 2,600-acre resort includes 1,845 acres of land preserved through a conservation easement and protective covenants. Vail Resorts New Hampshire Ski Areas Open For Winter Season, Philippe Gueisbuhler Named FIS Director , Westendorf - Unlawful Restriction Of Ski Guests' Claims For Reimbursement, Superfeet Welcomes New CEO To Lead Brand Growth Initiatives, KitzSki: Construction Work On Gauxjoch/Trattenbach Proceeding According To Plan, Bartholet Builds First Fully Automated Ropeway Garage In China. But opting out of some of these cookies may have an effect on your browsing experience. Timpanogos, only an hours drive from Salt Lake City and 45 minutes from Park City. And like John Dutton (Kevin Costner), Redford has had to figure out what legacy he wants to leave behind. The resort is as well know for its art scene, as its ski scene. Subscribe to our newsletter for new stories, tips & events. We knew that at the right time, and with the right people, we could make the transition. "Broadreach and Cedar share our values and interest in maintaining the resort's unique character, while honoring its history, community and natural beauty. Copyright 2023 Deseret News Publishing Company. Founded in 2004, the firm has made investments with a value in excess of$4 billionand has maintained a consistent track record of strong performance and value creation throughout various market cycles. Robert Redford has agreed to sell the Sundance Mountain Resort to Broadreach Capital Partners and Cedar Capital Partners. 18/19 at a glance. Did Sundance Get Sold? - Caniry After nearly 25 years, the Sundance Kid sold his captivating 30-acre horse ranch for $6.5 million (July 2021). In 1968, the actor gathered investors and bought up 3,000 acres of his favorite place, named it after what was to become his most iconic character, and set forth with a goal of environmental conservation and artistic experimentation. Information in the story may be outdated Necessary cookies are absolutely essential for the website to function properly. Broadreach and Cedar share our values and interest in maintaining the resorts unique character, while honoring its history, community and natural beauty. But I wanted the perfect marriage of art and nature. With the Sundance Resort, he may have done it. The Owl Bar in the resort has an oak bar that had been commissioned by the real Butch Cassidy. 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." Terms of Use / The sale does not include the Sundance Institute, Sundance Film Festival, Sundance Catalog, Sundance TV or the Redford Center. 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. Host to artists and their work, the Sundance Art Gallery at the resort features exhibits and workshops. 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. Reading or replaying the story in its Sundance Resort, Utah. , Tablet is how you book the worlds most exciting hotels places where you get a memorable experience, not just a room for the night. How Much Does Sundance Resort Pay in 2023? (77 Salaries) Robert Redford sells Sundance Mountain Resort - I Love Ski Image PlanetSKI. "As stewards of this unique place, it has always been my vision that the Sundance Mountain Resort would be a place where art, nature and recreation come together to make the world a better place now and in the future," said Robert Redford. How much does Sundance Resort pay an hour? SUNDANCE, Utah Sundance Mountain Resort is being sold, founder and current owner Robert Redford announced Friday. Redford sells Sundance Mountain Resort - FOX 13 Utah Robert Redford discovered the site that would become Sundance while riding his motorcycle through Utah during his college days. Share to Facebook Share to Twitter Share to Linkedin The Way It Was: Robert Redford and Bono at the 2008 Sundance. She also enjoys reporting on arts, culture and entertainment news. Originally listed for $4.9 million, the breathtaking pastoral estate overlooks the 12,000-foot Mount . Its a ski resort thats focused on art, community, and the environment at least as much as its focused on skiing. Like Dutton, hes asked himself what he can do now to preserve his land in the future. In December of 2020, he sold Sundance Mountain Resort after 50 years of ownership. In the greatest nation ever, why are progressives so glum? Redford is selling the property to . 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. It was all part of the actors plan when he established the resort more than 50 years ago. UPDATED. Others believe that Redford may be looking to step back from the day-to-day operations of the resort as he approaches his 85th birthday. He was more concerned about legacy, stewardship, fit, philosophy, Maritz told the Salt Lake Tribune. The lush property, just 16 miles from Sundance, was named after his 1998 movie, The Horse Whisperer. How Do I Surprise My Family With a Vacation. The new owners are committed to maintaining its ethos of balancing nature with art and outdoor recreation. Sundance Mountain Resort Announces New Ownership, Reaffirming Broadreach and Cedar share our values and interest in maintaining the resorts unique character while honoring its history, community, and natural beauty. So why did Redford decide to sell part of his ownership? "As stewards of this unique place, it has always been my vision that the Sundance Mountain Resort would be a place where art, nature and recreation come together to make the world a better place now and in the future," saidRobert Redford. The purchase will not affect Redford's other involvements such as the Sundance Institute of the Sundance Film Festival. Robert Redford Sells Sundance Ski Resort in Utah - PlanetSKI The Farmhouse features two bedrooms and two bathrooms. Established in 2002, Broadreach is a real estate investment firm focused on the development, acquisition and management of commercial and lodging properties. Here at PlanetSKI it is one of our favourite small resorts and we skied there back in January last season. But Sundance had become an albatross for the filmmaker. This is a BETA experience. All accommodations retain a kind of ski-lodge-chic feel, with requisite wood paneling and beastly craniums hanging on the walls. "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. Image PlanetSKI. Copyright 2023 The Washington Times, LLC. Break Up With Beer And Drink These Perfect Summer Barbecue Wines, The Worlds Best Destinations For Senior Travelers, What To Drink With BBQ? The two investment firms have reportedly pledged to spend half as much as they paid Redford for the property to upgrade the resort. Book Sundance Resort on Tablet Hotels. Three months after Robert Redford sold the property the actor opened in 1969, the new group announced . Privacy Policy / Bidens 2024 presidential campaign Hollywood style? What is Tom Hanks net worth? 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? Robert Redford selling Sundance ski resort; 300 acres to be preserved Its a bar they say Butch Cassidy himself commissioned. Its a much more quaint and intimate feel here, and many guests prefer that experience while on the mountain. The 2,600-acre resort includes 1,845 acres of land preserved through a conservation easement and protective covenants. Did Robert Redford Sell the Sundance Resort? - LuxuryTravelDiva Broadreach and Cedar share our values and interest in maintaining the resort's unique character, while honoring its history, community and natural beauty. Estimated read time: 2-3 For questions and clarification, please contact Editor-in-Chief Stephanie Ricca atsricca@hotelnewsnow.com. But here, despite some recent renovations in the way of new ski lifts and building details, the resort still takes pride in its great terrain and short lift lines.. 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. Cedar is a firm dedicated to investing in the hospitality sector. Who is the richest movie star? In addition to Horse Whisper Ranch, he also owns another ranch in Sundance. As pandemic continues, Sundance Film Festival will go mostly online in 2021, Ready to ski or snowboard in Utah this winter? Only time will tell, but I hope it wont change too much! 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. Soon, he would build hundreds of private and rental cottages to help fund that artistic engine. There are a total of seven structures on the property. Founder Robert Redford has sold Sundance Mountain Resort "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. All news releases are clearly marked as such. Who owns Sundance now? In conclusion, while Robert Redford may have sold a portion of his stake in the Sundance Resort, visitors can rest assured that their experience at this iconic destination will remain just as unforgettable as ever before. So I bought the land and started the Sundance Institute before there was anything here. This website uses cookies to improve your experience. December 14, 2020 | 1:17 P.M. SUNDANCE, Utah, Dec. 11, 2020 -- Robert Redford has agreed to sell the Sundance Mountain Resort to Broadreach Capital Partners and Cedar Capital Partners. Start your next adventure with Tablet, the hotel experts at the Michelin Guide. "Change is inevitable, and for several years my family and I have been thinking about a transition to new ownership . The . He bought two acres for $500 in 1961 and then expanded the area over time. And while the Film Festival was always destined for Park City, the Sundance Resort still hosts screenings, and it still kicks off the international event with a Directors Brunch on the property. Despite these rumors and changes in ownership, visitors can still expect the same high-quality experience that Sundance is known for. He is selling it to Broadreach Capital Partners and Cedar Capital Partners. Head to the Owl Bar for an even more authentically Western feel, a restored 1890s bar relocated to the site from Wyoming. Utah breaks ground on 'exciting' new firefighting center. "Change is inevitable, and for several years, my family and I have been thinking about a transition to new ownership for the resort. With its stunning natural beauty and commitment to sustainability and community involvement, its no wonder why visitors continue to flock here year after year. And now, in tandem with the deal to sell Sundance, Redford is partnering with Utah Open Lands to put 300 additional acres of wildlife habitat and wetlands under permanent protection. Who is the richest singer? Located at the base of Mount Timpanogos, the Redford Family Elk Meadows Preserve includes "pristine wildlife habitat," streams, meadows and wetlands. Additionally, the Redford family has entered into a partnership with Utah Open Lands to put more than 300 acres of wild lands at the base of Mount Timpanogos into permanent protection. Best Whiskies For Your Summer Grilling, Shh! minutes. Sundance Resort - Wikipedia First Disabled Ski Team Set to Traverse Largest Icecap in Western Europe, British Skiers & Snowboarders Make Sporting History, Lindsey Vonn Races the Hahnenkamm at Night, PlanetSKI Spends a Day with the Verbier Piste Patrol. I had been searching for years for the right people to take it to the next level, so that I could take that weight off my shoulders and enjoy my life.. The deal also includes an agreement to preserve land in the area. Then he built a cabin, where he lived with his family in between making movies. Some speculate that it was simply a business decision by selling a portion of his stake, he was able to raise funds for other projects. Sundance Ski Resort - Map, Weather & Information - Ski Utah Unlike the Dutton ranch, it has made conservation the center of its existence, with a resort-wide recycling program and other green initiatives.