Northview Hotel Group Acquires Three Jeld-Wen Resort Communities in OregonNovember 23rd, 2010 | Category: Industry News
JELD-WEN Inc. announced the sale of three resorts in Central and Southern Oregon to a new partnership comprising Northview Hotel Group (“Northview”) and a subsidiary of funds managed by Oaktree Capital Management LP. The sale includes Brasada Ranch in Powell Butte, Eagle Crest Resort near Redmond (Bend), and Running Y Ranch in Klamath Falls. The transaction was facilitated by Bob Eaton of Colliers International.
“This is an important strategic decision for JELD-WEN, and I am very pleased that Northview is such a great fit for the resort properties’ strengths and future potential,” stated Rod Wendt, JELD-WEN president and CEO. “I am very appreciative of all of the employees of JELD-WEN Development inc.,” Wendt said.
Northview will manage the resorts on behalf of the partnership, and it will oversee a strategic repositioning plan focused on enhancing the resorts’ amenities and the guest experience. David Zeuske, Northview partner and the president of NVHG Management, will oversee the management of the resort portfolio going forward.