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Saddleback Mountain, Maine Hotel Advancement
JV Opportunity-Image Credit CBRE The Saddleback Mountain advancement project provides a special investment chance to develop a year-round resort experience at one of Maine’s premier ski locations.
Saddleback Mountain, situated in Rangeley, Maine, is poised for a significant improvement with the proposed advancement of a ski-in ski-out hotel/resort. CBRE Hotels, functioning as the exclusive consultant, is assisting in a co-investment chance with Arctaris Impact Fund.
This initiative intends to take advantage of the mountain’s existing appeal and natural charm to develop a year-round location. The development is set on fee-simple land at the base town of Saddleback, among Maine’s biggest ski resorts, which brings in nearly 100,000 skiers each year. The job visualizes a range of lodging types, including suites and fractional systems, to accommodate the diverse needs of visitors.
Saddleback Mountain’s Current Standing
Saddleback Mountain is renowned for its challenging surface and scenic vistas, having actually been named the “Finest Ski Mountain” in Maine by Down East Publication readers for three consecutive years. It ranks highly in various categories, including No. 1 in General Fulfillment by New England Ski Journal and No. 4 in North America by SKI Publication. The resort features over 600 skiable acres, including 88 acres of glades and 55 kilometers of groomed cross-country skiing routes. Furthermore, it offers lift-serviced mountain cycling, making it a versatile playground for outdoor lovers.
Investment Highlights and Prospective
The advancement chance at Saddleback Mountain is substantial, with the prospective to develop a hotel/resort on land currently designated as a Planned Advancement Subdistrict. This permits massive, well-planned advancements. The job intends to enhance Saddleback’s track record as a top-tier ski resort, with high rankings in SKI Publication’s 2025 “Top 10 in the East” guides, highlighting its varied surface and quick lifts.
The resort’s holdings consist of alpine snowboarding, Nordic snowboarding, treking tracks, and lakefrontage on Saddleback Lake, providing year-round need for the proposed hotel/resort. The existing hospitality options in Rangeley are mainly lake-oriented and experience higher visitation during the summertime. This presents an opportunity for the new development to record year-round need, especially offered the mountain’s considerable lakefrontage.
Financing and Collaboration Opportunities
Arctaris has effectively raised useful debt financing for the general job and may help in protecting advancement financial obligation funding for the hotel. The favored deal structure is a joint endeavor with a lodging advancement partner, which would line up the mountain and lodging operations. The scope of advancement includes possible growths in property and extra lodging products.
Year-Round Appeal of the Rangeley Lakes Region
The Rangeley Lakes Area, typically referred to as the Jewel of the Maine Mountains, offers a diverse range of year-round outdoor activities. In the warmer months, visitors can delight in hiking, birding, ATV tracks, boating, fly fishing, and golf. The lively regional neighborhood offers access to various restaurants and recreational opportunities, including some of the biggest lakes in the northeast.
During the winter season, Saddleback Mountain draws in approximately 90,000 skiers, making it Maine’s third-largest ski and snowboard area. The extensive routes in Rangeley provide a dream location for alpine skiing, snowboarding, Nordic snowboarding, snowmobiling, fat tire biking, and snowshoeing enthusiasts.
Inquire at CBRE.