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Three resorts in central and southern Oregon have new owners. A partnership of the Northview Hotel Group and Oaktree Capital Management has purchased Running Y, Ridgewater, Eagle Crest, and Brasada from Jeld Wen. Simon Hallgarten, a partner of Northview Hotel Group says it's a great opportunity: “The resorts are actually very well positions now. They are just a little tired. They haven’t had a lot of capital invested in them recently. They haven’t been marketed to the full extent. Because up until a few years ago, there was no need to market the resorts because the real estate was selling so well without marketing it; why take the time.” The team of managers and associates employed by Jeld Wen will continue working.   Northview plans a list of improvements including landscaping, meeting rooms, spas, and some of the infrastructure. Oaktree Capital Management is headquartered in Los Angeles and has $79-billion in assets under management.

 

Traffic & Weather

  • Brookswood Blvd CLOSED >< Pinebrook and Lodgepole Dr. (5/14 - 9/4)
  • Skyline Ranch Road CLOSED behind Summit High School (4/22 - 7/22)
  • Night Work: Pettigrew between Hwy 20 and Reed Market Road CLOSED 7 p.m. - 7 a.m. (7/6-9)
  • Road Closures in the area of Summit High School for a cycling event 3:45 p.m. - 7: 45 p.m. (July 8, 16, 29)
 
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