The company has not filed an annual or quarterly report since its Q3 FY2017 10-Q, filed Nov 9, 2017. Its latest SEC filing is a 15-12G from Jan 2, 2018.
10-Q for Q3 FY2017, filed Nov 9, 2017
The sections below describe the company as of the FY2016 annual report.
Owns and leases lifestyle real estate, including ski and mountain properties and attractions, to tenants and operators; it also has third-party managers run some properties.
10-K for FY2016, filed Mar 27, 2017CNL Lifestyle Properties, Inc. is a Maryland corporation incorporated on August 11, 2003. The terms “we,” “our,” or “us,” “the Company” and…View ↗
Our tenants and operators. We generally attempt to lease our properties to tenants and operators that we consider to be industry leading.…View ↗
We have determined that we operate in one business segment, real estate ownership, which consists of investing in and owning a diversified…View ↗
Our managed properties. When beneficial to our investment structure and subject to applicable tax regulations, certain properties may be…View ↗
Tenants pay rent under long-term leases, including base rent and sometimes additional rent tied to property revenue. For managed properties, visitors and members pay for stays, food, activities, tickets and other services when used or delivered; membership dues are paid over the membership term.
10-K for FY2016, filed Mar 27, 2017The weighted-average lease rate of our consolidated properties subject to long-term triple-net leases as of December 31, 2016 was…View ↗
Our leases are generally long-term in nature (generally five to 20 years with multiple renewal options). Some of our tenants operate more…View ↗
Revenue Recognition — For properties subject to operating leases, rental revenue is recorded on a straight-line basis over the terms of the…View ↗
$241.1M
10-K for FY2016, filed Mar 28, 2017
$241.1M ↗
Tenants and operators lease the properties, while third-party managers run certain properties on the company’s behalf; visitors and members pay for lodging, food, activities and other services at managed properties.
10-K for FY2016, filed Mar 27, 2017Our tenants and operators. We generally attempt to lease our properties to tenants and operators that we consider to be industry leading.…View ↗
Our managed properties. When beneficial to our investment structure and subject to applicable tax regulations, certain properties may be…View ↗
Revenue Recognition — For properties subject to operating leases, rental revenue is recorded on a straight-line basis over the terms of the…View ↗
8-K, filed Dec 11, 2017
The Company anticipates that promptly following the Final Distribution, effective December 31, 2017, it will file its Articles of…View ↗
8-K, filed Apr 6, 2017
As previously reported in a Current Report on Form 8-K filed on November 2, 2016, CNL Lifestyle Properties, Inc. (the “Company”), its…View ↗
Shrank. Revenue fell 31% in 4 years, from $349.5M in FY2012 to $241.1M in FY2016, about 9% a year.
Portfolio liquidation
The earlier report describes investing in and owning a diversified portfolio of lifestyle properties, with loans and joint ventures also part of its investment strategy. The latest report describes an exit strategy involving successive property sales and a sale of the remaining properties followed by liquidation and dissolution.
10-K for FY2013, filed Mar 31, 2014 10-K for FY2016, filed Mar 27, 2017We began a process of evaluating strategic alternatives in an effort to provide stockholders with liquidity of their investment. In…View ↗
As described above, in November 2016, we entered into the Sale Agreement for the Sale of our remaining 36 properties for approximately…View ↗
Upon consummation of the Sale, we will transfer all of our remaining properties to EPR and SRH, as applicable, and we will continue to…View ↗
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