SUNDANCE, Utah – Robert Redford has agreed to sell the Sundance Mountain Resort to Broadreach Capital Partners and Cedar Capital Partners.

Redford made the announcement Friday afternoon. Officials said the transaction includes all assets of Sundance Mountain Resort, including resort buildings, ski lifts, on-site dining venues and event spaces. It does not affect Redford’s involvement in the Sundance Institute and Sundance Film Festival, Sundance Catalog, Sundance TV or the Redford Center.

Along with the announcement, Redford and his family have placed over 300 acres of pristine wildlife habitat, streams and wetlands into permanent protection through a conservation easement with Utah Open Lands.

“As stewards of this unique place, it has always been my vision that the Sundance Mountain Resort would be a place where art, nature and recreation come together to make the world a better place – now and in the future,” Redford said. “Change is inevitable, and for several years, my family and I have been thinking about a transition to new ownership for the resort. We knew that at the right time, and with the right people, we could make the transition. Broadreach and Cedar share our values and interest in maintaining the resort’s unique character while honoring its history, community and natural beauty. This makes them well-suited to ensure that future generations can continue to find solace and inspiration here.” 

Broadreach and Cedar representatives said they are committed to sustainability and plan to work with the Sundance community to continue slow, measured growth with nature as the resort’s main feature.

They also said they “aim to enhance the ski experience, expand on-mountain amenities, explore increasing the hotel bed base and further the commitment to creative activities and cultural programming.”