CM (Canada) Asset Management completes sale of Grouse Mountain Resort to Northland Properties
January 15, 2020
McCarthy Tétrault LLP advised CM (Canada) Asset Management Co. Ltd. on the sale of Grouse Mountain Resort to Northland Properties Corporation. The acquisition of Grouse Mountain adds to Northland's significant business portfolio which already includes two existing British Columbia ski assets.
Grouse Mountain is the number one visitor attraction in the Lower Mainland, with 1.3 million annual visitors. Known as the Peak of Vancouver, it offers unparalleled panoramic views of the city, sea and surrounding mountains along with a wide range of year-round outdoor and educational activities, dining and more.
Northland Properties Corporation is a Canadian company, 100% privately-owned by the Gaglardi Family with headquarters in Vancouver. Northland is the parent company of Sandman Hotel Group, The Sutton Place Hotels, Moxie’s Grill & Bar, Denny’s Restaurants, Chop Steakhouses, Shark Club Sports Bar Grill, Revelstoke Mountain Resort, and the Dallas Stars of the National Hockey League.
CM (Canada) Asset Management Co. Ltd. is a Vancouver-based private equity investment firm. It invests in businesses with competitive edges and differentiated value propositions as well as real estate projects with value-add opportunities.
McCarthy Tétrault LLP advised CM (Canada) Asset Management with a team led by Cameron Belsher and Pavan Jawanda that included Gerald Gaunt and Leisa Hickey (M&A), Craig Shirreff, Jonathan Cheng and Morris Choy (Real Property and Planning), Kim Brown and Justin Shoemaker (Tax), Jason Gudofsky and Kate McNeece (Competition), Paul Cassidy and Selina Lee-Andersen (Environment), Chris McHardy (Labour and Employment), Vincent Yip (Intellectual Property), Miranda Lam (Litigation) and Peter Quon (Articling Student), as well as a paralegal team that included Michele Zinsli Ma, Roberta Cooper, Caroline Mui and Bethanne Bell.