For Historic Mountain Lodge, It’s Not the End of the Rainbow
The historic Rainbow Lodge in Soda Springs, California, which was in receivership and non-operational for almost a year, has been acquired. This 33-room lodge on the Sierra’s western slope near Hwy 80 was originally built as a stagecoach stop in the 1800’s. In the 1990’s, the owner of the nearby Royal Gorge Cross Country Ski Resort bought it with the intention of providing lodging for skiers. The building is currently undergoing substantial renovations and the business is expected to re-open in a few weeks.“There’s so much history. Families have been coming here for decades.”
Craig Mitchell, new owner of Rainbow Lodge
Exit Strategies Group, Inc. represented the buyer in this acquisition; the receiver was Douglas Wilson Companies based in southern California.
Perry Norris, executive director of the Truckee Donner Land Trust, said he was delighted to hear there were new family owners at Rainbow Lodge. The land trust owns about 2,100 of Royal Gorge’s 3,000 acres and is preserving its holdings for skiing, hiking and open space. Rainbow Lodge is one of the few places to stay on the Sierra’s western slope heading up to the ski area eight miles away.
For advice on exiting your company or acquiring a business, please call Bob Altieri at 916-905-5706 or Email boba@exitstrategiesgroup.com.
