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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.

Resorts Respond to Rising Gas Prices With Offers


ResortQuest, one of the nation's leading vacation rental companies, provides fuel credit.

Inn Of The Month: Green Mountain Inn


If the walls of the historic Green Mountain Inn could talk, they'd tell of fashionable guests who, in the mid-1800s, helped establish Stowe's reputation as a popular mountain resort.

Ski Resorts Eye Insurance Policies


Ski resorts across the U.S. consider insurance policies for financial protection against years of low visitor turnout. Several resorts already take part in this practice and more may soon join in.

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