Powderhorn Ski Resort - J.P. King Auction Company

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Powderhorn Ski Resort August 4th 1:00 PM (MT)

Offered in Six Groups, Most Selling Absolute!

Family-oriented ski resort with lodging, restaurants, rentals and retail, home sites, and development land

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Powderhorn Ski Resort – Consisting of Ski Lifts, Day Lodge, Parking Areas, Office, 2 Maintenance Shops, Rolling Stock, and Retail Shop with Inventory, Group One will be selling Absolute as an entirety. Powderhorn Ski Resort is home to more than 85,000 skier days per year, receiving 250 inches of average annual snowfall. The ski school at Powderhorn, an income producing component of the resort, offers youth and adult lessons in addition to a program for skiers with disabilities. Additional revenue derives from the continually growing sales of retail items and rental operation. The Day Lodge occupies the Sunset Grille, a casual restaurant with wonderful views of the surrounding ski slopes and valleys. Sunset Grille has a full-service bar and can seat 200220 people indoors, with additional patio space for 150-200 patrons. The Day Lodge is also home to adult and youth ski schools, ticketing and rentalretail facilities, and a conference room. The Lodge boasts an incredible 5,000 sq.ft. deck above the conference room that provides picnic and outdoor lounging space.

Family-oriented ski resort

with lodging, restaurants, rentals and retail, home sites, and development land

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SELLING ABSOLUTE

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The rustic, yet modernized, Inn at Wildewood consists of a hotel and restaurant and will be selling absolute as an entirety. A $1 million renovation was completed on the ski-in ski-out Inn that also contains a dry sauna and a large common “family room” with fireplace and amenities. The Inn hosts 16 guest rooms that range from double-bed rooms to condo-style units that can accommodate up to ten guests. Aside from the condominium and timeshare units at Powderhorn and limited cabins in nearby Mesa, Inn at Wildewood is one of the only lodging facilities in the area. The restaurant is a handsome space that seats 85, with additional outdoor deck seating for 30. It has a casual resort atmosphere and offers an upscale menu.

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Seven development sites in and around the ski area will be offered absolute and selling separately. Sites range from 0.05+/- to 0.96+/- acre, with several adjacent sites. Designated use of the sites includes multi-family and/or general infrastructure for the ski resort.

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SELLING ABSOLUTE

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Mountain View Condominium development site, 1.15+/- acre, will be selling absolute. A cement foundation has been poured for the condos and an underground parking garage constructed. A blueprint has been developed for a multi-story condominium building.

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Located in the Wildewood Subdivision, 15 individual single-family lots will be selling absolute. The lots offer breathtaking views and range in size from 0.20+/- to 0.27+/acre. Wildewood is a 48-lot subdivision comprised of single family homes and four-plex sites. Infrastructure is currently in place and includes paved roads and utilities. These lots are ideal for constructing permanent or vacation residences with convenient access to the amenities of the ski resort. An additional 16.7+/- acre will be selling absolute. These acres can be utilized for open space or common areas for Wildewood Subdivision.

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A 700+/- acre development tract will be offered. This desirable property is located below the ski property and offers incredible views of Grand Mesa and Powderhorn Ski Resort. It is ideal for the development of a golf course community with potential home sites.

For individual property photos, auction documents, property tour information and more, visit www.jpking.com.

Located in Mesa County midway between Denver and Salt Lake City near Grand Junction, Colorado is Powderhorn Ski Resort, an established and fully operational family-friendly resort accompanied with 750+/- total deeded acres. The resort is nestled on the northern escarpment of the Grand Mesa, a stunningly beautiful mountain that is popular for fishing and hiking during the summers, and skiing, snowmobiling, ice fishing, and snow shoeing in the winters. Gorgeous Powderhorn Ski Resort is currently a day-use ski area serving the Grand Junction/Mesa County area. In 2002, the United States Forest Service (USFS) approved a USFS-required Master Development Plan that provided extensive development and improvements of the use of the ski area. A significant amount of the improvements authorized have been completed. Powderhorn is currently in the 11th year of a 30-year renewable Forest Service Special Use Permit that allows the resort to use 1,600+/- acres of forest land for the ski slopes. Powderhorn has 600+/- groomed areas, on 44 named trails and many acres of off-piste terrain, including gladed and treed areas. All 1,600+/- acres are skiable and designated for various levels of experience. Powderhorn’s base elevation is 8,200+/- ft. and the top is at 9,850+/- ft., receiving 250” of average annual snowfall. The lower 21+/- acres of the ski area has snowmaking that is used primarily early in the season to build the base at the bottom of the mountain.

Nestled along the Grand Mesa,

Powderhorn Ski Resort

is situated on beautiful mountain terrain with breathtaking views, and slope side lodging and dining.

Powderhorn Ski Resort

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August 4 1:00 PM (MT)

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Offered in Six Groups, Most Selling Absolute!

AUCTION INFORMATION • Visit www.jpking.com for more auction specifics and property information or contact our Auction Information Center at 800.558.5464 or at [email protected]. AUCTION REGISTRATION • Registration begins at 11:30 A.M. (MT). A cashier’s check in the amount of $10,000.00 will be required to bid. SALE SITE • The sale begins at 1:00 P.M. (MT). The Auction will take place on site at the Powderhorn Ski Resort (Day Lodge) located at 48338 Powderhorn Rd., Mesa, CO 81643. DIRECTIONS TO PROPERTY • From I-70 take Exit 49 south on Colorado Hwy 65. Go 20 miles on Hwy 65 and Powderhorn Ski Resort will be on your right.

PROPERTY PREVIEW • An auction representative will be available beginning July 23rd through auction day 10:00 A.M. to 5:00 P.M. daily. Tours of the property will be by appointment only. You may contact the J.P. King auction representative directly at 256.504.3178 during these designated dates to schedule your personal tour. BROKER PARTICIPATION • For Cooperating Broker Incentive Programs, visit www.jpking.com or call the auction information center at 800.558.5464 for more information. BUYER’S PREMIUM • A ten-percent (10%) Buyer’s Premium will be added to the winning bid price to arrive at the total contract price paid by the Buyer. First Class Presort U.S. Postage PAID

108 Fountain Ave.|Gadsden, Alabama 35901

Permit 101 J.P. King Auction Co.

#837•11 DISCLAIMER: Square footage dimensions and acreage amounts are based upon information provided by the seller and are believed to be correct; however, purchaser and/or purchasers’ agent/broker shall bear the responsibility to confirm all calculations prior to the auction. Not available to residents of any state in which this real estate is not in compliance with the real estate laws of that state. Announcements made at the auction supersede all printed material. Specifications are subject to change without notice. All information contained in this brochure was derived from sources believed to be correct but is not guaranteed. All sales maps are for illustration purposes only. This brochure may not be reproduced in whole or in part without the written permission of Multi Media Advertising Agency, Inc. Some photos may show terrain, improvements, wildlife, activities, lifestyle and other characteristics that could be associated with the property, but are not images of the property or the surrounding area. J.P. King Auction Company, Inc. 256-546-5217; Jerry Craig King, #EA40019339.