KSL (Squaw Valley) & Henry Crown and Company (Aspen) just bought Deer Valley ski resort, UT.
This newly formed company made up of Squaw Valley Ski Holdings, Intrawest, Mammoth Resorts, & Henry Crown & Company (owns Aspen Ski Co.) that still doesn’t have a name now controls 13 major ski resorts in North America.
Squaw Valley Ski Holdings, KSL, Intrawest and Mammoth Resorts are now one company (name to be released in Fall 2017) after the $1.5 billion acquisition of Mammoth Resorts & Intrawest by KSL/Henry Crown & Co. who now run 13 mountains, 20,000-skiable-acres 6 million annual skier visits. The capital from the Crown family does not affect SkiCo and the Aspen resorts are not part of the deal.
The 13 Ski Resorts Now Run By Squaw/Aspen:
- Squaw Valley, CA
- Alpine Meadows, CA
- Mammoth Mountain, CA
- Snow Summit, CA
- Bear Mountain, CA
- June Mountain, CA
- Steamboat, CO
- Winter Park, CO
- Deer Valley, UT
- Stratton Mountain, VT
- Snowshoe Mountain, WV
- Blue Mountain, Ontario
- Mont Tremblant,Quebec
All existing pass products that are currently on sale will be honored, including the Rocky Mountain Super Pass +, Mountain Collective and the M.A.X. Pass, but unfortunately it’s too late to offer a special pass for 2017/18 across all 16 resorts. New ‘guest-focused’ announcements are expected in October, according to Lis de Roziere who handles investor relations for Intrawest.
Snowboarding will still not be allowed at Deer Valley, UT.
Deer Valley Resort to be Acquired by Newly Formed Resort Company and Joined with Intrawest, Mammoth Resorts, and Squaw Valley Ski Holdings
by Deer Valley
August 21st, 2017
The newly formed entity controlled by affiliates of KSL Capital Partners, LLC and Henry Crown and Company that in July joined Intrawest Resorts Holdings, Inc., Mammoth Resorts and Squaw Valley Ski Holdings today announced, with Deer Valley Resort, that they have entered into a definitive agreement for the newly formed entity to acquire Deer Valley Resort. Financial terms of the transaction were not disclosed. The transaction is subject to certain closing conditions and is anticipated to close prior to the upcoming 2017-18 ski season.
“Deer Valley Resort is one of the preeminent mountain resorts in the world and is a tremendous addition to our existing portfolio. Prior to this acquisition, we were able to offer our guests exceptional experiences throughout most of North America’s major ski regions, but we did not have a resort in Utah, a state that is renowned for great skiing and mountain town life. Park City and Salt Lake skiers have always known that powder, blue skies, a huge variety of terrain, and exemplary guest service have always set Deer Valley Resort apart,” said David Perry, president and chief operating officer of the new joint venture. “We could not be more pleased that Deer Valley Resort will be part of our new company, and we look forward to working with the staff and Park City community to carry on the traditions that make it so special,” added Mr. Perry.
“We are thrilled to join this impressive portfolio with 12 other resorts and are excited about the opportunities this transaction will create for our guests, staff, and the community of Park City. Deer Valley is a special place and being part of its growth has been one of the great joys of my life,” said Bob Wheaton, president and general manager. “Joining this portfolio of resorts will enable Deer Valley to build upon its outstanding traditions and further enhance our ability to provide our guests with a world class skiing experience. I look forward to working with them as we develop our vision for the future of the resort and the new company.”
For the full 2017-18 winter season, Deer Valley will continue to honor the existing pass products that are currently on sale.o
About Deer Valley
Deer Valley Resort revolutionized the ski industry by providing the first-class service one would receive at a five-star hotel. The resort offers 21 chairlifts, 101 ski runs, six bowls, 12 restaurants, 300 annual inches of powder, three elegant day lodges, 2,026 acres of alpine skiing, hundreds of luxury accommodations and a renowned Ski School and Children’s Center.
About Intrawest Resorts, Inc., Mammoth Resorts, Squaw Valley Ski Holdings and the New Joint Venture (new name and identity to be announced before ski season)
The new joint venture is a North American mountain resort and adventure company, delivering distinctive vacation and travel experiences to its customers. Together, Intrawest, Mammoth Resorts and SVSH own and/or operate 12 four-season mountain resorts with approximately 20,000 skiable acres and significant land available for real estate development. The mountain resorts are geographically diversified across most of North America’s major ski regions: Squaw Valley, Alpine Meadows, Mammoth Mountain Ski Area, Snow Summit, Bear Mountain and June Mountain in California; Steamboat Ski & Resort and Winter Park Resort in Colorado; Blue Mountain Ski Resort in Ontario; Mont Tremblant Resort in Quebec; Stratton Mountain Resort in Vermont; and Snowshoe Mountain Resort in West Virginia. The company’s mountain resorts are geographically diversified across most of North America’s major ski regions, including California, the Eastern United States, the Rocky Mountains, and Canada. The company also operates an adventure travel business, the cornerstone of which is Canadian Mountain Holidays, the world’s leading heli-skiing adventure company. Additionally, the company operates a comprehensive real estate business through which it manages condominium hotel properties and sells and markets residential real estate.