Northstar expands holdings: resort looks to purchase golf, restaurant, housing properties
Northstar-at-Tahoe may soon be getting a whole lot bigger.
Plans to complete development at Northstar have expanded to include golf, restaurant and housing properties in Truckee and North Shore.
Northstar’s parent company Booth Creek Ski Group, Inc. and its development partner, East West Partners, announced the move Tuesday.
The properties Northstar is acquiring are Coyote Moon Golf Course below Tahoe Donner, Sunsets on the Lake Restaurant in Tahoe Vista and Planned Community 2 (PC-2) in Truckee, also known as Boca Sierra Estates.
Northstar and East West Partners announced last fall that they are moving forward with plans to complete Northstar’s vision by developing the remaining real estate at the resort. The three acquisitions are in addition to these future development plans, which include employee housing, a complete village remodel, additional neighborhood pockets at Northstar and adding new chairlifts.
“At Northstar, we often use the phrase ‘Make Your Own Mountain.’ Now it will be ‘make it your own resort community,'” said Tim Silva, Northstar’s general manager, in a press release issued Sept. 26. “In addition to being enjoyed by the entire community, these properties can greatly expand the range of choices available to Northstar owners and guests in every season.”
East West Partners and Northstar have signed long-term leases of more than 20 years with the owners of both Coyote Moon and Sunsets on the Lake.
According to Erin Bernall, Communications Manager at Northstar, no management or personnel changes are expected at either Coyote Moon, which is owned by Steele Enterprises, or Sunsets. Coyote Moon will remain a public golf course. At Sunsets, the Walsh family will continue to own the restaurant and no other staff changes are planned. Both will keep their current names.
“We’ve been at capacity at our golf course,” Bernall said. “Our golf business was increasing and we were looking for other opportunities to maintain our hold on the golfing community and address that need.”
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