Broadreach Capital Partners and Cedar Capital Partners’ Acquisition of Sundance Mountain Resort

Kirkland and Ballard Spahr LLP advised Robert Redford and his affiliate Sundance Partners in the transaction.

Robert Redford, the actor, filmmaker and conservationist, and his affiliate Sundance Partners completed the sale of the Sundance Mountain Resort to Broadreach Capital Partners and Cedar Capital Partners. This acquisition is expected to close before the end of the year.

The sale of the Sundance Mountain Resort, which Redford founded more than 50 years ago, is the result of a long-term plan to preserve and build upon Redford’s legacy at the Resort, which is a 2,600 acre resort in Utah that includes 1,845 acres of land preserved through a conservation easement and protective covenants.

Concurrently with the announcement of the transaction, Redford announced that he and his family have entered into a partnership with Utah Open Lands to put over 300 acres of wildlife habitat, wetlands and streams into permanent protection.

Broadreach Capital Partners is a real estate investment firm focused on the development, acquisition and asset management of commercial and hotel properties primarily in the western United States.

Founded in 2004, Cedar Capital Partners invests exclusively in the hospitality sector with an emphasis on luxury, full service and lifestyle hotels.

The Kirkland team was led by transactional partner Armand Della Monica (Picture) and transactional associates Benjamin Dionne, Ellie Houghton and Hannah Dudley, and as well as real estate partners Steve Tomlinson and Justin Elliott and associate Matt Schroth, and technology & IP transactions partner Seth Traxler and associate Teddi Josephson, and also included employee benefits partner Alex Mihalas and associate Chris Chase, labor and employment partner Peter Mee and associate Alexander Flynn-Tabloff, and tax partner Mike Beinus.

The Ballard Spahr team included Christopher W. Payne, the Denver-based Practice Leader of the firm’s Resort, Hospitality and Timeshare Group, and Thomas G. Bennett, the firm’s leading land use and resort real estate partner in Salt Lake City.

Involved fees earner: Thomas Bennett – Ballard Spahr Stillman & Friedman LLP; Christopher Payne – Ballard Spahr Stillman & Friedman LLP; Michael Beinus – Kirkland & Ellis; Chris Chase – Kirkland & Ellis; Armand Della Monica – Kirkland & Ellis; Benjamin Dionne – Kirkland & Ellis; Hannah Dudley – Kirkland & Ellis; Justin Elliott – Kirkland & Ellis; Alexander Flynn-Tabloff – Kirkland & Ellis; Elizabeth Houghton – Kirkland & Ellis; Teddi Anne Josephson – Kirkland & Ellis; Peter Mee – Kirkland & Ellis; Alexandra Mihalas – Kirkland & Ellis; Matthew Schroth – Kirkland & Ellis; Stephen Tomlinson – Kirkland & Ellis; Seth Traxler – Kirkland & Ellis;

Law Firms: Ballard Spahr Stillman & Friedman LLP; Kirkland & Ellis;

Clients: Robert Redford; Sundance Partners;

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Author: Ambrogio Visconti