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TAMARACK, Idaho (AP) — Credit Suisse was the only bidder on three big sections of the struggling Tamarack Resort, and now owns almost every part of the ski resort.
The deal was reached in a sheriff's sale on Monday.
Credit Suisse completed a credit bid to own the physical properties, rather than the collateral interest.
KTVB reported the financial group now holds the mountain assets and Heritage portions of the property, the Whitewater and hotel parcels, and the Lake Wing property.
The sheriff's sale is considered by the Tamarack Municipal Association to be a significant answer to financial questions in the post-bankruptcy years.
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Information from: KTVB-TV, http://www.ktvb.com/
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