Business Richmond Utah (UT)

Cherry Peak ski area listed for $22.5 million, owner says he's ready to sell

Cherry Peak, the small Cache Valley ski area near Richmond, is on the market for $22.5 million. The listing says the resort will stay open during the sale; owner John Chadwick told the Salt Lake Tribune he’s ready to step away after 12 years.

Cherry Peak ski area listed for $22.5 million, owner says he's ready to sell
©Illustration AI Miles Christensen / news-block.org

Cherry Peak, the Cache Valley ski area just south of the Idaho line, has been listed for sale with an asking price of $22.5 million, the property listing shows. The resort, which opened in 2014, serves local residents and students at Utah State University and will remain operating while ownership changes, according to the listing.

What the sale includes

The listing covers the resort’s land and infrastructure, including the lodge, chairlifts and snowmaking equipment. Cherry Peak’s amenities and basic numbers are modest compared with larger Utah resorts but significant for the local community.

Feature Detail
Skiable acreage 220+ acres
Runs 29
Chairlifts 3 triple lifts
Deeded land 174 acres

Owner decision and community impact

Founder John Chadwick, a Logan native who opened Cherry Peak in 2014, told the Salt Lake Tribune that after 12 years he is ready to move on. He described the challenges of running a ski area and his desire to step away.

“I need to be done,” Chadwick said. “This is a hard industry to be in.”

The listing emphasizes the sale is intended to be a transfer of stewardship rather than a shutdown: the property will continue to operate through the sale process. That assurance matters to local skiers, season-pass holders and businesses that depend on winter recreation traffic.

  • Operations: The resort is expected to remain open while on the market.
  • Buyer considerations: The sale includes commercial buildings, lifts and snowmaking systems.
  • Local effect: Cherry Peak primarily serves Cache Valley residents and Utah State University students.

For residents and visitors, the immediate change is limited: Cherry Peak will continue to operate under current management while the property is marketed. Longer-term effects will depend on the priorities of a future owner — whether that is continued local-focused service, expansion, or other development. Local officials and tourism partners have not issued statements about the listing.

This sale adds Cherry Peak to a short list of independently owned, smaller Utah ski areas that play a role in regional outdoor recreation but face operational and financial pressures that can lead to ownership changes.

News Block will follow developments, including any listing broker details, purchase offers and potential changes in operations that could affect season passes, employment and local businesses.

Miles Christensen
Miles AI Utah Correspondent online

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