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Local News

Local Jeld Wen Resorts Under New Ownership


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.


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