The partnership that tied up the household that owns Aspen Snowboarding Co. with Denver’s KSL Capital Companions to accumulate 12 ski resorts within the final 12 months will likely be named Alterra Mountain Firm.
“A brand new vacation spot group that’s altering the panorama of the mountain resort ,” learn an announcement from the Denver-based Alterra Mountain Co. on Thursday.
KSL Capital Companions, the non-public fairness agency that owns California’s Squaw Valley-Alpine Meadows ski space, joined the household of Henry Crown, which owns Aspen Snowboarding Co., final 12 months to purchase Intrawest, Mammoth Resorts and Utah’s Deer Valley ski space.
Alterra Mountain Co. is anticipated to rival Vail Resorts, making a duopoly during which the titan corporations between them management about two dozen main ski areas that host about 16 million visits annually.
Alterrra Mountain’s 12 year-round resorts — together with Steamboat and the long-term working contract for Denver-owned Winter Park ski space — host about 6 million visits annually, in contrast with 10 million at Vail Resorts’ secure of 10 vacation spot resorts in Colorado, Vermont, California and Utah.
The brand new firm quickly will unveil a cross product for its resorts that can rival Vail Resorts’ industry-leading Epic Cross, which is nearing 700,000 in annual gross sales.
Alterra Mountain’s resorts span 5 states and three Canadian provinces and embrace Southern California’s Mammoth Mountain, Vermont’s Stratton and the biggest heli-ski operation on this planet, British Columbia’s Canadian Mountain Holidays.
Don’t count on to see plenty of Alterra Mountain, although. The concept is to not forge a brand new model however to create a platform that can elevate the individuality of every of the corporate’s resorts.
“Our imaginative and prescient at Alterra Mountain Firm is to guard and improve what makes every vacation spot particular, inviting friends again to their favourite mountain, and attractive them to go to new locations on their bucket record,” president and chief working officer David Perry mentioned in a information launch. “We respect and proceed to be taught from the pioneers and leaders that constructed these iconic places and paved the way in which earlier than us, as we push the boundaries and innovate for our future.”
Alterra Mountain Firm’s 12 resorts span 5 U.S. states and three Canadian provinces. They embrace:
Steamboat – Colorado
Winter Park Resort – Colorado
Squaw Valley Alpine Meadows – California
Mammoth Mountain – California
June Mountain – California
Large Bear Mountain Resort – California
Stratton – Vermont
Snowshoe – West Virginia
Deer Valley – Utah
Tremblant – Quebec
Blue Mountain – Ontario
CMHHeli-Snowboarding & Summer season Adventures – British Columbia