The resort sold for $20.5 million to the same company of Snoqualmie Pass ski area, officials said Friday. The buyer, CNL Lifestyle Properties, is a real estate investment trust that has owned Snoqualmie since 2007.
Steven Pass is a 1,125-acre resort located at the crest of the Cascade Range off U.S. 2. It was established in 1937. It was sold by Harbor Properties, which said it will use the money to invest in more apartment projects, its main business.
Harbor bought the ski area in 1976.
The new owner, CNL, didn't plan any immediate changes at the ski area, according to a press release.
Stevens has ski areas in Mount Baker Snoqualmie National Forest on the west of the crest and Wenatchee National Forest to the east. It has 1,125 acres of skiable terrain, 10 lifts and 17 miles of nordic trails. The nordic center isn't scheduled to open until Dec. 17.
Stevens plans to open today for alpine skiing, saying that recent cold temperatures and periods of heavy snow have provided an adequate base to support the early opening. The ski area reported a 34-inch base Friday afternoon.
It plans to open from 9 a.m. until 4 p.m. with skiing off the Daisy and Brooks chair lifts. An all-day lift ticket will cost $25.