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CNL Properties Buys Okemo, Crested Butte, and Sunapee

Relationship with family-owned Triple Peaks, LLC provides immediate capital and long-term stability for top-ranked ski mountains

(ORLANDO, Fla.) Dec. 5, 2008 – CNL Lifestyle Properties, Inc., a real estate investment trust
(REIT) focused on lifestyle properties, announced today its acquisition of the privately held
assets of three ski and mountain lifestyle properties: Vermont’s Okemo, Colorado’s Crested
Butte and New Hampshire’s Mount Sunapee. CNL Lifestyle Properties is purchasing the resorts
from family-owned Triple Peaks, LLC and leasing the properties back to Triple Peaks to
manage the ski, golf, hospitality and conference operations under a long-term lease.

Vermont's Sweet Spring Skiing is Here

Vermont's Sweet Spring Skiing is Here

Okemo has plenty going on in the month of March with scavenger hunts, tours, competition, and of course, great spring snow.

Jason Biggs at Okemo

Jason Biggs at Okemo

American Pie actor Jason Biggs and girlfriend Jenny Mollen sat down for an impromptu interview with some Okemo skiers this week, check out the hilarious video here.

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