SACRAMENTO-KSL Capital Partners LLC is purchasing all the shares of The Squaw Valley Development Co. This deal will be closed towards the end of next month.
The Squaw Valley Development consists of the Village at Squaw Valley, Squaw Valley USA ski operations and other real estate holdings. Vail Resorts Inc. has bought Northstar-at-Tahoe Resort situated in North Lake Tahoe for $63 million in October. KSL is planning to invest more than $50 million to improve Squaw Valley. For the full story, go to Sacramento Business Journal.
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