CNL Lifestyle Properties Bullish on Ski Season After Q3 Earnings

ORLANDO—CNL Lifestyle Properties reported third quarter earnings results. The REIT posted $176 million in revenues. That compares to $154.5 million in the year-ago period.

“CNL Lifestyle Properties’ earnings are up for the third quarter due to the company’s efforts to strengthen the overall portfolio,” Stephen Mauldin, president and CEO of CNL Lifestyle, tells GlobeSt.com. “We have continued to continuously make targeted capital improvements in our properties and, throughout this year, our operators have implemented a number of new marketing initiatives and focused significantly on cost controls which have driven earnings higher particularly in our attractions and golf properties.”