Online Auction of Former Beaver, Utah Ski Resort Featured on

Tue Nov 3, 2009 3:01am EST

* Reuters is not responsible for the content in this press release.

BEAVER, Utah--(Business Wire)--
The LFC Group of Companies, the leaders in online real estate auction marketing,
is pleased to announce the latest campaign on their commercial property auction
website the former Elk Meadows Ski Resort in southwestern Utah`s Beaver
County. The property, comprising more than 1,100 acres of beautiful recreational
land, is surrounded by a half-dozen of Utah`s most renowned national parks,
including Zion National Park, Bryce Canyon, Dixie National Forest and Fishlake
National Forest. Located just an hour from Logan, a city of more than 125,000
people and home to Utah State University, Elk Meadows is secluded yet
accessible. The mountain is less than three hours from several of Utah`s major
metropolitan areas, including St. George, Provo and Salt Lake City. 

For 25 years, Elk Meadows was the secret getaway for skiers and snowboarders
looking to escape the mammoth crowds of Salt Lake City and Park City in northern
Utah. However, the mountain`s proximity to several national parks made it a
popular destination during off-season, as well. In summer, guests enjoyed
mountain biking, horseback riding, ATVing, fishing, hang gliding and more.
Throughout the years, Elk Meadows was a popular destination for vacationers from
southern Utah, southern California, Phoenix, Arizona and northern Nevada. In
fact, Elk Meadows is less than a four hour drive from Las Vegas, Nevada. 

"This is really a special piece of property, one that requires the broad
exposure and universal accessibility that only an online auction can deliver,"
said Shawn Miller, Director of Sales the LFC Group of Companies. "With our
Internet-based auction platform, interested bidders can easily conduct due
diligence and place bids from wherever they are - an unmatched level of
convenience for buyers that has helped spark substantial international

While there is some infrastructure in place, Elk Meadows is a project that
requires vision and persistence. This non-operational ski resort needs work, and
the low minimum bid of $1,000,000 reflects that reality. However, it also makes
for a tremendous opportunity to purchase a one-of-a-kind blank canvas at a
bargain price. 

With a bid deadline of November 20, 2009, interested buyers are strongly
encouraged to visit the website to view specific
property information, auction details and register to bid on this
once-in-a-lifetime opportunity. 

LFC Group of Companies

For more than 30 years, the LFC Group of Companies has served numerous Fortune
500 companies, real estate developers, investors, financial institutions and
government agencies by auction-marketing thousands of commercial, industrial,
land and residential properties with an aggregate value well in excess of $5
billion. The company`s latest venture is the online auction of mortgage notes. 

Photos/Multimedia Gallery Available:

LFC Group of Companies
James Gerber, 949-706-6135

Copyright Business Wire 2009