Robert Redford Agrees to Sell Sundance Mountain Resort
Credit: UOT Images
More than 50 years after founding Sundance Mountain Resort, Utah’s adopted legend of the silver screen Robert Redford has agreed to sell the resort to a pair of companies, Broadreach Capital Partners and Cedar Capital Partners. Located in the shadow of Mount Timpanogos, Sundance has long maintained an independent identity amid a flurry of corporate consolidation in the ski industry. Fans of the resort’s unique atmosphere will likely feel anxiety about the changing of the guard a duo of capital investment firms doesn’t have the quite the charm of the Sundance Kid, himself but Redford shared assurances Sundance’s character would endure.
Redford sells Utah s Sundance Mountain Resort to 2 companies – Cache Valley Daily
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Redford sells Utah s Sundance Mountain Resort to 2 companies
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Founder Robert Redford has sold Sundance Mountain Resort
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Actor Robert Redford bought the land in Provo Canyon that would become Sundance Mountain Resort in 1969. On Friday, Redford announced the sale of the resort to Broadreach Capitol Partners and Cedar Capital Partners.
When Redford bought the land in 1969, the year of the famed Woodstock music festival, he was coming off of the release of âButch Cassidy and the Sundance Kid.â
The name comes from Redfordâs role in what would turn out to be one of his most popular movies.
The big push from investors around the time the land was bought was to quickly start commercializing it.
There were thoughts of building massive hotels and condominiums to fill up the space and make a profit.