Kellogg, ID – Jeld-Wen, a door and window manufacturer founded in Oregon and now headquartered in North Carolina, is looking to divest itself of Silver Mountain ski resort in Kellogg, Idaho.
The first of two sealed bid auctions, covering the resort’s water park, completed in 2009 for $21 million and its property management contract at Morning Star Lodge, is currently underway until Jan. 15. The third auction for the ski resort itself, including all of its facilities and development land, including its summer amphitheater, will continue through Feb. 12. All bids are being solicited online through Ameribid.com.
The resort’s Galena Ridge Golf Course and Gondola Village commercial real estate are scheduled to be sold separately in the first quarter of this year at a date yet to be determined.
Established in 1968 as Jackass Ski Bowl, and reborn in the early 1990s as a 1,600-acre full-service four season resort to give a leg up to economically depressed Kellogg, Silver Mountain is located just off Interstate 90 approximately 70 miles east of Spokane, Wash. It was acquired by Eagle Crest Partners, a subsidiary of Jeld-Wen Corporation, in 1996.