Actor Robert Redford, who founded Sundance Mountain Resort in Sundance, Utah more than 50 years ago, has sold the property to Broadreach Capital Partners and Cedar Capital Partners. The agreement includes the transference all assets of Sundance Mountain Resort, including buildings, ski lifts, on-site dining venues and event spaces. It does not affect the structure of, or Redford's involvement in, the Sundance Institute and Sundance Film Festival, Sundance Catalog, Sundance TV or the Redford Center.
The agreement is the result of a plan designed to preserve and build upon the Redford legacy at the resort, including a continued commitment to balancing responsible development and land preservation.
"Broadreach and Cedar share our values and interest in maintaining the resort's unique character, while honoring its history, community and natural beauty. This makes them well-suited to ensure that future generations can continue to find solace and inspiration here," said Redford.
Broadreach and Cedar also aim to enhance the ski experience, expand on-mountain amenities, increase the hotel bed base and further the commitment to creative activities and cultural programming.