Want to own a Colorado ski resort and golf course? Granby Ranch will hit the market in January
The 5,000-acre Granby Ranch, which includes a ski resort and golf course, among other amenities and facilities, will be put up for sale in January.
Granby Ranch owner Marise Cipriani and CEO Melissa Cipriani confirmed with Sky-Hi News on Tuesday, Nov. 14 that they will list the property early next year. The entirety of Granby Ranch’s property and its operations will be listed with Eric and Martin Roth of CBRE Land Services in Denver along with Jeff Woolson of CBRE’s Golf and Resort Group.
She explained that “it was time” to turn the resort over to new owners.
The Ciprianis, who have owned the resort — originally named SilverCreek — since purchasing it Sept. 28, 1995, out of receivership after the previous owners died in a plane crash at the Granby airport, are now turning their focus to family.
Marise Cipriani has been making a regular 6,000-mile commute over the last two decades to see her husband, who lives in Brazil. Melissa Cipriani said she wants to start a family and doesn’t want the stress of her job as a distraction.
“It’s been a lot,” Melissa Cipriani said.
Granby Ranch has made headlines recently after failing to pay delinquent property taxes to Grand County this fall, in addition to the tragic death of Kelly Huber last December after she was thrown from the QuickDraw Express, one of the resort’s ski lifts.
“We have had hard times,” Marise Cipriani said.
That’s on top of financial hardships the resort has encountered. Marise Cipriani said the two national recessions, in 2001 and 2008, hit the resort hard.
Despite a tumultuous period for the ranch, Marise Cipriani stuck to the fact that some soul searching when she turned 60 on Sept. 28 led the family to officially decide to list Granby Ranch.
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Granby Ranch has expanded under the Ciprianis’ ownership with the creation of a golf course, the addition of new chair lifts, renovations to buildings on the property and the construction of many home developments, which now house more than 600 families.
The Ciprianis said that while they won’t seek to recruit a buyer, such as Aspen Skiing Co., which recently took over operations at nearby Winter Park Resort, their goal is to sell Granby Ranch as one piece. However, a lengthy stay on the market could lead the family-owned business to sell off individual pieces.
Resort operations will continue throughout the sale, the Ciprianis confirmed. During that time, however, no development, such as expansions or new projects, would take place.
Melissa Cipriani also confirmed that a new mechanical drive on the QuickDraw Express, which the Colorado tramway board singled out in its investigative report earlier this summer as a cause for Huber’s fatal fall, will be programmed for operation by the resort’s winter season opening day, Dec. 15.
The 5,000-plus-acre resort is owned and operated under two parallel companies, Granby Realty Holdings and Granby Ranch Amenities. Those companies are owned by a trust, which is owned by the Cipriani family.
“It’s been a privilege being part of this community,” Marise Cipriani said. “But this could be our last winter here.”
With a key water deal denied, the Battle Mountain developer and the town of Minturn are planning to meet next week to discuss the future of the Bolts Lake property.