PARK CITY, UT-American Ski Resort Co. has agreed to sell its last major asset, the Canyons, for $100 million plus the assumption of $600,000 in debt. The locally based company says the buyer is Talisker Corp, which owns other significant assets in Park City. Talisker has made a nonrefundable $10-million deposit.

Located in Park City, the Canyons is Utah’s largest winter resort, with 17 lifts across eight mountain peaks that provide access to 3,700 skiable acres (fourth largest in the nation). Lodging includes Grand Summit Hotel, Sundial Lodge and several other options.

Talisker Corp. is a global real estate development firm based in Toronto. In 2003, Talisker acquired United Park City Mines, an NYSE-listed company with significant assets in Park City. This past February, the company announced a 10,000-acre luxury residential development in the city.

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