On July 19, 2017, Grouse Mountain Resorts Ltd. (Grouse Mountain), an important Vancouver landmark, completed its sale to GM Resorts Limited Partnership (GM Resorts) for an undisclosed amount. GM Resorts was established by CM (Canada) Asset Management Co. Ltd. (CM Canada) to purchase Grouse Mountain. CM Canada is based in Vancouver, BC, with more than 60-per-cent ownership by Canadian investors.
Welcoming over 1.3 million guests per year, Grouse Mountain is a thriving four-season business with attractions which include the hiwus Feasthouse, the Eye of the Wind, the Theatre in the Sky, The Observatory Restaurant, the Grouse Mountain Refuge for Endangered Wildlife as well as high-speed chairlifts, the North Shore’s most extensive snowmaking system, zipline tours, snowshoeing and a mountaintop skating pond.
GM Resorts was represented by Fasken Martineau DuMoulin LLP with a team led by Edmond Luke and that included Paul Wilson (environmental and local government), Carmine Boskovich (corporate commercial and real estate), Grant Foster, Adrian Wan and Gordon Hunter (corporate commercial), Laura Smith (real estate and financing), Stephanie Gutierrez (labour and employment), Rose Chen (real estate), Simon Coval (commercial litigation), Huy Do (federal regulatory agencies), Brent Lewis (financing), Michael Coburn (tax), Ron Ezekiel (environmental) and Sarah Goodwin (trademark).
Grouse Mountain was represented by Stikeman Elliott LLP with a team that included Eric Carmona, Rachel Hutton, Stephen Holinski (real estate), Tara Watson (banking) and Gary Clarke (employment).