Timber billionaire Tim Blixseth is in negotiations to sell the members-only Yellowstone Club to private equity firm CrossHarbor Capital.
Edra Blixseth, the former wife of the timberland trader, revealed negotiations to sell the ski and golf resort in the Montana Rockies were under way in an e-mail to members. The Wall Street Journal reported that the resort could fetch as much as US$600m.
The Yellowstone Club is also home to a 10-bedroom wood and stone mansion complete with its own stairlift to the private ski slopes of the club, which is believed to be the world’s most expensive house.