Bacon Adds To Taos Holdings

Sep 5 2014 | 4:45am ET

Moore Capital Management’s Louis Bacon is increasing the size of his New Mexico skiing empire.

Bacon, who bought the famed Taos Ski Valley last year, has now added one of the region’s most popular restaurants and hotels to his portfolio. TSV agreed to buy the Bavarian Lodge & Restaurant and its 2.5 acres, which sits on Kachina Mountain, and includes the restaurant, lodge and chalets.

Terms of the deal were not disclosed, but it will close in April.

Bacon is working to revitalize Taos, and is building a ski lift to Kachina Peak, as well as renovating its base area. The hedge-fund manager has owned land in Taos for nearly 20 years.

In fact, he came to the area in the same year that the Schulze family established Bavarian Lodge, in 1996. The family will continue to manage the business for TSV.

“This was a terrific opportunity to invest in an iconic and well-loved ski valley business, and help ensure its continued success into the future,” TSV CEO Gordon Briner said.

Bacon is a noted conservationist, having accepted conservation easements on his properties on Long Island, in New York, and on his huge ranches in southern Colorado. He also last year donated 90,000 acres in that state to the U.S. Fish and Wildlife Service to create the Sangre de Cristo Conservation Area.

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