SAM Magazine--January 27, 2009--Jiminy Peak Mountain Resort has entered into a long-term capital partnership with CNL Lifestyle Properties, Inc., a real estate investment trust (REIT) focused on lifestyle properties. Through a sale leaseback agreement, CNL Lifestyle Properties has acquired all of the resort's fixed assets for a total of $27 million and signed a 40-year operating lease with Jiminy Peak Mountain Resort, LLC, owned by Brian Fairbank, Tyler Fairbank and Joseph O'Donnell.

Jiminy Peak CEO Brian Fairbank stated, "I look at this as a financial arrangement, keeping Jiminy Peak Mountain Resort very solid going into the future. The 40-year lease agreement with CNL Lifestyle Properties enables Jiminy to continue advancing our vision and philosophy without any changes. The transition allows us to keep 'business as usual.' "

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