Whether it's cross country or downhill, this butte is made for skiing. Crested Butte is a leading Colorado ski operator that owns the Crested Butte Mountain Resort within the Gunnison National Forest and the Elk Mountain Range. The ski resort offers more than 1,100 acres of skiable terrain, 16 lifts, and a full range of accommodations and amenities. Crested Butte has hosted such events as Colorado's first X Games, the US Extreme Freeskiing Championships, and the Elk Mountain Grand Traverse. CNL Lifestyle Properties, a real estate investment trust affiliated with CNL Financial Group, owns the resort property and leases it to Triple Peaks, a ski operator controlled by husband and wife team Tim and Diane Mueller.