Skier Visits, Revenues Up at CNL Lifestyle Properties Ski Resorts Over Martin Luther King, Jr. Day Weekend


Orlando, Fla. (PRWEB) January 25, 2013

CNL Lifestyle Properties, a real estate investment trust (REIT), reported a significant increase in attendance at its 17 ski resorts over the Martin Luther King, Jr. Day holiday weekend. The resorts reported a 37 percent increase in paid skier visits during the weekend and a 41 percent increase in revenue compared to the previous year.

This years strong holiday results compared with the 2011-2012 ski season are encouraging. Last season, the ski visits were negatively affected by record warmth and lack of natural snowfall. It is particularly gratifying to note that our portfolio of resorts reported a 1 percent increase in holiday visits and a 9 percent increase in revenues compared with the 2010-2011 ski season, which was the all-time record year for the U.S. ski industry, said Steve Rice, senior vice president and managing director of CNL Lifestyle Properties ski and mountain portfolio.

Ample cold temperatures and snowfall early in the ski season were key factors in driving skier visits. Capital investments by CNL Lifestyle Properties, which have opened up more ski terrain and boosted snow-making capacity at some resorts, were also a contributing factor.

The Martin Luther King, Jr. Day holiday weekend is traditionally one of the biggest weekends for ski resorts, and this year is no exception, Rice said. Many of our resorts had excellent weather and travel conditions which helped generate increased visits and revenue.

CNL Lifestyle Properties owns the nations largest portfolio of ski resorts. Most of the properties are leased back to operators under a triple-net lease, with the operators responsible for the day-to-day operations of the resorts.

Since acquiring the ski and resort properties, CNL Lifestyle Properties has spent more than $ 220 million in ongoing capital investments as well as $ 105 million in capital maintenance funding. The addition of hundreds of acres of ski terrain to several resorts, such as Sugarloaf Mountain Resort in Maine, also played an important role in increasing visitor attendance as the added acreage allows for a lower skier density across ski trails, which improves the skier experience.

The strong Martin Luther King, Jr. Day holiday weekend comes less than a month after strong Christmas and New Years Day holidays at the resorts. CNL Lifestyle Properties saw paid skier visits between Dec. 24, 2012 and Jan. 1, 2013 at its resorts rise by 37 percent compared with the same time period a year ago while revenues also rose by 37 percent during the same period.

These holiday results are encouraging signs for the remainder of the season, though they are simply a snapshot in time of the ski industry, said Rice. While good weather always remains a key factor, as we look ahead, we are cautiously optimistic about the upcoming Presidents Day and spring break holidays.

About CNL Lifestyle Properties

CNL Lifestyle Properties, Inc. is a real estate investment trust that owns a portfolio of 179 properties in the United States and Canada in the lifestyle sectors. Headquartered in Orlando, Fla., CNL Lifestyle Properties specializes in the acquisition of ski and mountain lifestyle, attractions, golf, marinas, senior housing and additional lifestyle properties. For more information, visit http://www.CNLLifestyleREIT.com.

About CNL Financial Group

CNL Financial Group (CNL) is a leading private investment management firm providing global real estate and alternative investments. Since inception in 1973, CNL and/or its affiliates have formed or acquired companies with more than $ 26 billion in assets. CNL is headquartered in Orlando, Florida. For more information, visit http://www.cnl.com.

Caution Concerning Forward-Looking Statements

The information above contains forward-looking statements within the meaning of the Federal Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created by Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are statements that do not relate strictly to historical or current facts, but reflect management’s current understandings, intentions, beliefs, plans, expectations, assumptions and/or predictions regarding the future of the Company’s business and its performance, the economy, and other future conditions and forecasts of future events, and circumstances. Forward-looking statements are typically identified by words such as believes, expects, anticipates, intends, estimates, plans, continues, pro forma, may, will, seeks, should and could, and words and terms of similar substance. Although we believe that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, our actual results could differ materially from those set forth in the forward-looking statements due to a variety of risks, uncertainties and other factors. Some factors that might cause such a difference include, but are not limited to, the following: risks associated with our investment strategy; a worsening economic environment in the U.S. or globally, including financial market fluctuations; risks associated with real estate markets, including declining real estate values; our failure to obtain, renew or extend necessary financing or to access the debt or equity markets; the use of debt to finance our business activities, including refinancing and interest rate risk and our failure to comply with debt covenants; failure to successfully manage growth or integrate acquired properties and operations; our ability to make necessary improvements to properties on a timely or cost-efficient basis; competition for properties and/or tenants; defaults on or non-renewal of leases by tenants; failure to lease properties on favorable terms or at all; the impact of current and future environmental, zoning and other governmental regulations affecting our properties; the impact of changes in accounting rules; the impact of regulations requiring periodic valuation of the Company on a per share basis; inaccuracies of our accounting estimates; unknown liabilities of acquired properties or liabilities caused by property managers or operators; material adverse actions or omissions by any joint venture partners; increases in operating costs and other expenses; uninsured losses or losses in excess of our insurance coverage; the impact of outstanding and/or potential litigation; risks associated with our tax structuring; failure to maintain our REIT qualification; and our ability to protect our intellectual property and the value of our brand. Given these uncertainties, we caution you not to place undue reliance on such statements. For further information regarding risks and uncertainties associated with our business, please refer to the Managements Discussion and Analysis of Financial Condition and Results of Operations and Risk Factors sections of our documents filed from time to time with the U.S. Securities and Exchange Commission, including, but not limited to, our annual report on Form 10-K and quarterly reports on Form 10-Q, copies of which may be obtained from our Web site at http://www.cnllifestylereit.com.

We undertake no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect future events or circumstances or to reflect the occurrence of unanticipated events.







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Chicago Real Estate, Neighborhoods, And Lifestyle Matchmaking 101

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Chicago Real Estate, Neighborhoods, And Lifestyle Matchmaking 101 – Real Estate – Buying a Home

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How Chicago’s Many Unique Neighborhoods Allow You To Live In Where You Fit In

Chicago real estate is as diverse as its population and the city’s neighborhoods are no different. Variables dependent on your interests, career, personality and income can shape which neighborhood is best for you to perch your nest in. The good news is that there’s something for everyone. The following four neighborhoods are prime examples of how Chicago catering alludes to more than just the food.

Lincoln Park

Located on the north side of Chicago, Lincoln Park is home to DePaul University, the largest private university in Illinois. Many of the Lincoln Park condos and apartments are occupied by students themselves, so it’s really no wonder that Lincoln Park is tailored fittingly for the thrill-seeking, young adult.

* Attractions: The Bigograph Theater has an infamous place in Chicago real estate lore: site to where infamous bank robber John Dillinger was shot by the FBI in 1934. Also try: The Lincoln Park Zoo, Lincoln Park Conservatory, and Chicago History Museum.

* Shopping: True Religion, BCBG (2x), Lucky Brand Jeans, American Apparel, Ralph Lauren, Urban Outfitters, Victoria Secret’s, Banana Republic, Express, Crate and Barrel, Betsey Johnson, Club Monaco, Cynthia Rowley, and many, many more.

* Restaurants: Alinea offers guests the opportunity to experience a 24-course meal (seriously!). Also try: L20 for seafood, Toro Sushi for sushi, and Taco & Burrito Palace for inexpensive Mexican food.

Ravenswood

Also located on Chicago’s north side, Ravenswood is the ideal setting for young professionals and couples. The vintage and architecturally appealing style that graces Ravenwood homes is just one of it’s many major selling points.

* Attractions: The Lincoln Square Apple Fest attracts countless visitors — many of them families — every summer. Also try: Sulzer Regional Library and Winnemac Park.

* Shopping: Ravenswood Used Books is a neighborhood fixture. Also try: Enjoy: An Urban General Store, Laurie’s Planet Of Sound, Hip Fit, and A Secret Closet.

* Restaurants: Restaurant Sarajevo serves Bosnian food at an affordable price. Also try: Bistro Campagne for French, I Monelli Trattoria Pizzeria for pizza, and Isla Pilipina for Filipino food.

Lakeview

Arguably, the most recognizable piece of Lakeview Chicago real estate is Wrigley Field: home of the amicably hopeless Chicago Cubs. Lakeview is archetypal for families because of it’s array of health care centers, public and private k-8 schools, libraries and churches. Lakeview also boasts a sizable gay and lesbian population and plays host to the Chicago Pride Parade and Gay Games.

* Attractions: The Kwagulth Totem Pole is representative of the Kwagu’ Amerindian tribe and a popular destination by area residents and tourists alike. Also try: The Belmont-Sheffield Music Fest in June, The i.O. Theatre (formerly the Improv Olympics), Wrigley Field, and The Easter Egg Hunt at Nettelhorst Elementary School (one of many kid-friendly events in the neighborhood).

* Shopping: Little Threads offers “hip” children clothing and even has diaper bags for mom. Also try: Revolver Chicago, Krista K Boutique, Chicago Antique Center, and CB2.

* Restaurants: Familiar American food with a slight twist can be had at HB Restaurant. Also try: La Gondola Italian for Italian, Cafe 28 for Cuban and Mexican, Crisp for Korean and chicken wings, and Stella’s Diner or Melrose for that late-night meal.

Gold Coast

An affluent and historic neighborhood — the district was added to the National Register of Historic Places in 1978 — the Gold Coast is perfect for those who like to live large.

* Attractions: The Gold Coast River North Art Fair has been called, by some, the “Grand Daddy” of art fairs. Also try: A Red Orchid Theatre, The Museum of Contemporary Art, and the Charnley Persky House — known as the “first modern house in America”.

* Shopping: Upscale retailers include Diesel, Barney’s New York, Bang and Olufsen, Prada, and Kate Spade.

* Restaurants: Tavern On Rush is an upscale steakhouse fittingly in the middle of Rush street. Also try: Bistrot Zinc, Carmine’s, Gibson’s, and PJ Clarke’s.

There are 73 more neighborhoods in Chicago, all with their own quirks, histories and hidden gems; You can afford to be choosy.

About the Author

Jameson Real Estate is a realty, marketing and development company in the heart of Chicago. With an expertise in Chicago condos and homes for sale, our agents can assist your real estate search in virtually any neighborhood of Chicago.

Use and distribution of this article is subject to our Publisher Guidelines
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Jameson Real Estate is a realty, marketing and development company in the heart of Chicago. With an expertise in Chicago condos and homes for sale, our agents can assist your real estate search in virtually any neighborhood of Chicago.












Use and distribution of this article is subject to our Publisher Guidelines
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Ascott Enhances Guests Experience With Bold New Lifestyle And Travel Website And Magazine

(PRWEB) March 01, 2012

CapitaLands wholly-owned serviced residence business unit, The Ascott Limited, has launched a brand new lifestyle and travel website (http://www.ascottliving.com) to better engage travellers and guests. The new website is launched in conjunction with the revamp of Ascotts in-house travel and lifestyle magazine, Ascott Living (http://www.ascottliving.com/).

Both are produced in collaboration with Novus Media Solutions (Novus). Beyond an ordinary travel guide, the two lifestyle offerings are uniquely crafted to provide readers a personal and local take on what is happening across the world and how to get the best experience from the cities whether one is relocating or travelling for work or leisure.

With the new Ascott Living website, readers can access a brand new resource Inside Track that offers travel tips and useful information on 20 cities across the globe. Readers can search and download tips on the best places to eat, drink, shop or relax, giving readers a handy guide even when they are offline. The entire magazine is also available for download at the new website, allowing busy travellers to read the magazine on their own portable digital devices, at their own time.

With the redesign of the magazine, Ascott Living now sports a clean and more contemporary look. A more compelling read than before, the magazine combines savvy destination features with striking images, colourful personality profiles and news on the latest travel trends. New sections include Tipple, an inside guide to the best bars near an Ascott serviced residence and Jump Off takes a look at a range of unique activities from the easy to the adventurous – from someone who knows it well.

The first issue of the quarterly Ascott Living will reacquaint readers with whats up and coming in London, the host city for the Olympics in 2012. Readers can also take a peek into the busy life of Kristie Lu Stout, CNN news anchor. Copies of the new Ascott Living can be found worldwide, in all the serviced residences managed by Ascott, at selected airport lounges at Changi Airport and selected private clinics in Singapore.

Mr Anthony Khoo, Senior Vice President for Brand & Marketing, The Ascott Limited, said: The new Ascott Living is much more exciting, contemporary and engaging. Over the years, we have received fantastic feedback on Ascott Living from our sophisticated, well-travelled and discerning guests, and we constantly find ways to improve the magazine to cater to the interests of our readers. With this latest revamp, we hope to enhance our guests experience with an even higher quality lifestyle read while enabling them to find out more about what Ascott can offer. By bringing Ascott Living online, guests can easily access the interesting and unique features of the magazine, get latest updates, share their views and experience the world of Ascott wherever they may be.

Mr Simon Cholmely, partner of Novus, said: We are extremely excited about the launch of the new Ascott Living and we are grateful for the endorsement from The Ascott Limited. Produced across print and online platforms, we are certain that this attractive international title will speak directly to the Ascott traveller by offering them the inside track on leading destinations, delicious styles of food and top-of-the-line products, packaged in a bespoke, eye-catching format that were certain will turn heads. We are truly delighted to have this opportunity to help take Ascott Living to even greater heights. Novus will also oversee the advertising sales for the magazine and the website.

The magazines editorial team is helmed by Mr Luke Clark, who has 16 years of experience on the media scene, including three years as an editor with Ink Publishing. Ascott Living also taps on the insights of leading contributors from around the world. In the launch issue, Mr Peter Myers, the business travel editor from Thomson Reuters shares his personal take on London. Heading the design team, Mr Richard MacLean has accumulated extensive experience in Europe including work on Bauer Media’s UK version of Grazia fashion magazine.

For subscriptions and the latest news and updates from the magazine, please visit: http://www.ascottliving.com/OurBrands.aspx#tab4.

About The Ascott Limited

The Ascott Limited is the worlds largest international serviced residence owner-operator with about 22,000 operating serviced residence units in key cities of Asia Pacific, Europe and the Gulf region, as well as over 7,000 units which are under development, making a total of more than 29,000 units.

The company operates three brands Ascott, Citadines and Somerset. Its portfolio spans over 70 cities across more than 20 countries, 15 of which are new cities in Ascotts portfolio where its serviced residences are being developed.

Ascott, a wholly-owned subsidiary of CapitaLand Limited, is headquartered in Singapore. It pioneered Asia Pacifics first international-class serviced residence in 1984. In 2006, it established the worlds first Pan-Asian serviced residence real estate investment trust, Ascott Residence Trust. Today, the company boasts a 28-year industry track record and award-winning serviced residence brands that enjoy recognition worldwide.

Recent awards include DestinAsian Readers Choice Awards 2011 Best Serviced Residence in Asia Pacific, Business Traveller Asia-Pacific Awards 2011 Best Serviced Residence Brand and Best Serviced Residence in Asia-Pacific, Business Traveller UK Awards 2011 Best Serviced Apartment Company, TTG Travel Awards 2011 Best Serviced Residence Operator and TTG China Travel Awards 2011 Best Serviced Residence Operator in China.

About CapitaLand Group

CapitaLand is one of Asias largest real estate companies. Headquartered and listed in Singapore, the multi-local companys core businesses in real estate, hospitality and real estate financial services are focused in growth cities in Asia Pacific and Europe.

The companys real estate and hospitality portfolio, which includes homes, offices, shopping malls, serviced residences and mixed developments, spans more than 110 cities in over 20 countries. CapitaLand also leverages on its significant asset base, real estate domain knowledge, financial skills and extensive market network to develop real estate financial products and services in Singapore and the region.

The listed entities of the CapitaLand Group include Australand, CapitaMalls Asia, CapitaMall Trust, CapitaCommercial Trust, Ascott Residence Trust, CapitaRetail China Trust, CapitaMalls Malaysia Trust and Quill Capita Trust.

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