Monarch Ski Area Close To $5M Sale

SALIDA, CO-Multifamily rental mogul C. Robert Nicolls II, who also is co-owner of the 100-room Monarch Lodge, is part of a team looking to buy Monarch Ski area southwest of Denver for $5 million, $1.5 million less than Los Angeles-based investor Goodwin Gaw and Melvin Choo of Hong Kong paid in 1996.

By John Rebchook | November 08, 2002 at 01:01 AM

Nicolls also is co-owner of the 100-room Monarch Lodge.

Previous deals to buy the small ski area west of the town of Salida have collapsed. The ski area currently is owned by Los Angeles-based investor Goodwin Gaw and Melvin Choo of Hong Kong. They bought the resort in 1996 for $6.5 million.

Last year, Monarch booked 138,850 skier visits, a 5.7% drop from the previous season.

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