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CNL Lifestyle shareholders to vote on asset sale, liquidation plan in 2017

CNL Lifestyle Properties Inc. will hold a special shareholder meeting at a yet-to-be-determined date in 2017 to vote on its liquidation plan and its deal with EPR Properties and Och-Ziff Real Estate affiliate Ski Resort Holdings LLC.

The company in November agreed to sell its remaining properties to EPR Properties and Ski Resort for roughly $830 million as part of CNL Lifestyle's decision to liquidate and dissolve.

The company expects to complete the liquidation and dissolution upon the approval and closing of the EPR Properties and Ski Resort transaction, and as stated earlier, to promptly distribute a portion of the net proceeds and other cash on hand to stockholders upon the deal's completion.