Robert Redford agreed to sell Sundance Mountain Resort to Broadreach Capital Partners and Cedar Capital Partners. The agreement was announced as part of a long-term strategic plan to preserve the legacy of the resort, which Redford founded more than 50 years ago. The plan includes a continued focus on balancing land preservation with responsible development.
The 2,600-acre resort includes 1,845 acres of land protected through protective covenants and a conservation easement. In conjunction with the ownership change, Redford and his family entered a partnership with Utah Open Lands to place over 300 acres of wetlands, streams, and wildlife habitat into permanent protection. This new area, the Redford Family Elk Meadows Preserve, is located at the base of Mt. Timpanogos and includes the meadow below Stewart Falls.
Broadreach and Cedar intend to work with the Sundance community to enhance the ski experience, expand on-mountain amenities, explore increasing the hotel bed base, and further cultural programming. Philip Maritz, managing director of Broadreach Capital Partners, stated that the firm is committed to maintaining the balance between community, the natural environment, and responsible development.
The transaction includes all assets of Sundance Mountain Resort, including event spaces, ski lifts, resort buildings, and on-site dining venues. The agreement does not affect the Sundance Institute, the Sundance Film Festival, Sundance TV, the Redford Center, or the Sundance Catalog. The resort will continue to serve as a location for the annual Sundance Film Festival and host workshops organized by the Sundance Institute and the Redford Center.
