Oil Company Buys Shanty Creek

Wed, Mar  29, 2006 - By Mike Muha

Trinidad Resort and Club, a subsidiary of Apex Oil Company in Missouri bought Shanty Creek Resort and Club last week. Shanty Creek was owned by Comerica, Inc. after the bank foreclosed on the resort's $20.3 million mortgage two years ago.

Comerica has been keeping the resort alive, but really is not in the resort management business.

Trinidad Resort and Club has experience managing ski and golf resorts; it owned Copper Mountain between 1981 and 1997 place has managed several golf courses.

See http://www.record-eagle.com/2006/mar/10shanty2.htm for more info.