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

Living Well
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
Forty Under 40 - 2015Utah Business Event
Feb 26, 2015
Utah Business Magazine along with Presenting Sponsors: Kirton McConkie, BIG-D Construction and Ma...
CEO of the YearUtah Business Event
Mar 20, 2015
Utah Business magazine and Presenting Sponsors: Holland & Hart and Newmark Grubb ACRES, Premier S...
30 Women to Watch 2015 - NOMINATIONS NOW OPENUtah Business Event
May 31, 2015
NOMINATIONS NOW OPEN! Visit: www.utahbusiness.com/nomination_items Questions: heather@utahbusi...
Community Events View All
CISSP Certified Information Systems Security Professional
Jan 29, 2015
This 5-day course prepares students to take the CISSP certification examination (not included). T...
CISSP Certified Information Systems Security Professional
Jan 29, 2015
This 5-day course prepares students to take the CISSP certification examination (not included). T...

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