There are important risks associated with an investment in CNL Lifestyle Properties,
Inc. To view a summary of these risks, as outlined in the prospectus click here. This material must be read in conjunction with
our prospectus in order to fully understand all the implications and risks involved
in this offering. To read a copy of the prospectus, click here.
Hi, I’m Byron Carlock, president & CEO of CNL Lifestyle Properties. I would like to provide you with an update on Cypress Mountain, one of our 23 ski and mountain lifestyle properties, located 13 miles north of Vancouver, British Columbia, Canada. Cypress Mountain is the official freestyle skiing and snowboard venue for the Vancouver 2010 Olympic Winter Games.
Our operating partner Boyne Resorts and the management team at Cypress Mountain worked hard to prepare for this event. CNL Lifestyle Properties invested more than $25 million over the last several years on property expansions and improvements such as:
A new 48,000 square-foot Cypress Creek Day lodge, that features skier services, includes a cafeteria, a pub-style restaurant and meeting space
The new Lions Express high-speed quad chairlift
A whole new area of the mountain being opened to skiers and snowboarders, resulting in 10 new ski runs
And, the addition of night lighting on Mount Strachan that opens up more of the property to guests
The Vancouver Organizing Committee for the 2010 Olympic and Paralympic Winter Games (VANOC) has invested several million dollars into improvements and enhancements as well.
We feel that these improvements, in addition to the publicity and visibility of the games, position the property well for international notoriety and increased visitation for years to come.
You can view snapshots of the improvements by clicking on the photos posted on this page. Or, you can take an interactive tour of the property by clicking on the link below.
Interactive Tour:
Click Here to launch a Photo Bubble Tour of Cypress Mountain
Photos:
Place cursor over photo to enlarge
All photos courtesy of Cypress Mountain.
This sales and advertising literature is neither an offer to sell nor a solicitation
of an offer to buy the securities described herein.
This literature must be read with the prospectus
in order to fully understand all of the implications and risks
of the offering of securities to which it relates. A copy of the prospectus must
be made available to you in connection with this offering.
