August 1, 2014

Cover Story

CEO of the Year

Utah’s business landscape is rich with professionals who have le...Read More

Featured Articles

Did you go Skiing this winter?

Around Utah

Sections

Spotlight
Martin Plaehn

Spotlight
Karen Sendelback

Legal Briefs
Social Media and Employers: Friends or Enemies?

Money Talk
The Case for HSAs

Economic Insight
Time to Show Up

Lessons Learned
Make a Move

TechKnowledge
In the Lab

EntrepreneurEdge
Rent to Own

Business Trends
Back from the Dead

Executive Living
Artful Inspiration

Features
A Breath of Fresh Air

Features
Worst-Case Scenario

Regional Report
Northern Utah

Focus
Measure Up

Industry Outlook
Travel & Tourism

Players
Players

Article

New York Investor Buys Braffits Mountain and Grand Lodge at Brian Head

Press Release

August 1, 2014

Brian Head – New York City-based real estate investor Zohar A. Cohen, through his ownership entity Cohen Braffits Estates Development, LLC, has purchased the $60 million first mortgage on 2,600 acres located in Iron County known as Braffits Mountain. The note was purchased prior to year end, 2013. In addition, the Cohen Brian Head Development, LLC has purchased Grand Lodge at Brian Head, a ski resort located at Brian Head, Utah. The purchase price for the properties totaled approximately $100 million. That transaction has recently closed.

The current resort facility, valued at more than $30 million, and known as the Grand Lodge at Brian Head, opened in 2010 and includes a four-star hotel, steakhouse and dining and bar facilities. “We are thrilled to have acquired this extraordinary property in one of the country’s most desirable recreational areas. The property is in a prime tourism location that can serve guests, year round,” said Arthur W. Levine who is managing the assets.

The new owner plans to create a development known as Braffits Creek Estates over the next 12 months and hopes to make Brian Head into “one of the country’s premier destinations for travel and tourism,” Levine said.

Utah Business Social
UB Events View All
Best Companies to Work For 2014Utah Business Event
Dec 11, 2014
Utah Business magazine along with our presenting sponsor- CBIZ, premier sponsor- Diversified Insu...
SAMY Awards 2015Utah Business Event
Jan 23, 2015
Utah Business magazine along with Presenting Sponsor Griffin Hill are pleased to present the 201...
Forty Under 40 - 2015Utah Business Event
Feb 26, 2015
Utah Business Magazine along with Presenting Sponsors: Kirton McConkie, BIG-D Construction and Ma...
Community Events View All
Small Business Saturday - Local Shopping Tour Party Bus
Nov 29, 2014
Join us on tour, for a one of a kind local event and get introduced to local shops and deals. Our...
No Fixed Address Giving Tree
Dec 1, 2014
No Fixed Address Giving Tree | All Month Spread joy this holiday season with the gift of giving...

info@utahbusiness.com  |  90 South 400 West, Ste 650 Salt Lake City, Utah 84101   |  (801) 568-0114

Advertise with Utah Business

Submit an Event

* indicates required information
* Event Name:
Price (general):
Website (if applicable):
Coordinator's Name:
Coordinator's Email:
Coordinator's Phone:
Venue Name:
Venue Address:
Venue City:
Venue Zip:
Event Capacity:
Date(s):
to
* Event Description:
  Cancel