Alterra Mountain Company
Company type | Private |
---|---|
Founded | 2018 |
Headquarters | Denver, Colorado, US |
Key people | Jared Smith (CEO) |
Owners | Henry Crown and Company KSL Capital Partners |
Website | www |
Alterra Mountain Company is an American hospitality company established in 2018 with headquarters in Denver, Colorado. It is privately owned by KSL Capital Partners and Henry Crown and Company, the owners of Aspen/Snowmass. It is a conglomerate of several ski resorts that offers a combined season pass.[1]
History
In April 2017, KSL and Aspen jointly purchased Intrawest.[2] This acquisition was followed by Mammoth Resorts[3] a few days later and Deer Valley[4] in August. All of these assets were combined with KSL's Squaw Valley Alpine Meadows ski resort to form Alterra Mountain Company in January 2018.[5]
In late January 2018, Alterra announced the Ikon Pass, a season pass that provides unlimited or restricted access to all of their ski resorts in collaboration with Alta Ski Area, Arapahoe Basin,[6] Aspen/Snowmass, Boyne Resorts, Jackson Hole Mountain Resort, Powdr Corporation, Revelstoke Mountain Resort, SkiBig3, and Snowbird.[7] This is a competitor to Vail Resorts' Epic Pass.[8][9][10][11][12]
In 2021, Alterra Mountain Company announced its plans to invest $207 million in capital improvements for the upcoming year, including transformational base area and on-mountain developments at Steamboat, Deer Valley Resort, Squaw Valley Alpine Meadows and Mammoth Mountain.[13]
Executives
- Jared Smith— Chief Executive Officer
- Mike Ferguson — Chief Human Resources Officer
- Dee Byrne — President
- Rusty Gregory - Vice Chairman of the Board
List of Resorts
- Big Bear Mt. and Snow Summit merged several years before Alterra was formed. The official title is: Big Bear Mountain Resorts.
Name | Location | Date opened | Date acquired | Notes |
---|---|---|---|---|
Big Bear Mountain | Big Bear Lake, California | 1943 | April 12, 2017 | Merged with neighboring Snow Summit[16] |
Blue Mountain | Collingwood, Ontario | 1941 | April 10, 2017 | Third busiest ski resort in Canada[17] |
Crystal Mountain Resort | Enumclaw, Washington | 1962 | October 1, 2018[18] | |
Deer Valley | Park City, Utah | 1981 | August 21, 2017 | One of three resorts in the U.S. to not allow snowboarding[19] |
June Mountain | June Lake, California | 1962 | April 12, 2017 | |
Mammoth Mountain | Mammoth Lakes, California | 1955 | April 12, 2017 | Third largest lift system in North America[20] |
Snowshoe | Snowshoe, West Virginia | December 13, 1974 | April 10, 2017 | |
Solitude Mountain Resort | Solitude, Utah | 1957 | June 20, 2018[21] | |
Palisades Tahoe / Alpine Meadows | Olympic Valley, California Alpine Meadows, California |
1949 | — | Plans have been discussed to merge with neighboring resorts of Palisades Tahoe and Alpine Meadows incorporating a gondola that would cross White Wolf Mountain's proposed development.[22] |
Steamboat | Steamboat Springs, Colorado | January 12, 1963 | April 10, 2017 | |
Stratton | Stratton Mountain, Vermont | December 1961 | April 10, 2017 | First ski resort to allow snowboarding in 1983[23] |
Snow Summit | Big Bear Lake, California | 1952 | April 12, 2017 | Plans have been discussed to merge with neighboring Big Bear Mountain[16] |
Sugarbush Resort | Warren, Vermont | December 25, 1958 | November 13, 2019 | Acquisition finalized January 14, 2020.[24][25] |
Tremblant | Mont-Tremblant, Quebec | 1938 | April 10, 2017 | Second busiest ski resort in Canada[17] |
Winter Park Resort | Winter Park, Colorado | 1939 | April 10, 2017 |
References
- ^ "The new name in ski resorts you need to know: Alterra Mountain". The Denver Post. January 11, 2018.
- ^ "Is bigger better? $1.5 billion Intrawest deal changes ski industry". Ski Magazine. Active Interest Media. 11 April 2017. Retrieved 2018-04-05.
- ^ "Is More, in Fact, More? Aspen Owners and KSL Close a $1.5 Billion Deal". Ski Magazine. Active Interest Media. 7 August 2017. Retrieved 2018-04-05.
- ^ Ditrinco, Greg (21 August 2017). "Deer Valley Joins the Club". Ski Magazine. Active Interest Media. Retrieved 2018-04-05.
- ^ "Newest Resort Conglomerate Finally Has a Name". Powder Magazine. The Enthusiast Network. 11 January 2018. Retrieved 2018-04-05.
- ^ Meyer, John (2 August 2019). "Arapahoe Basin is joining the Ikon Pass after leaving Epic Pass this year". The Know. Denver Post. Retrieved 2 August 2019.
- ^ Foersterling, Jack (22 February 2018). "Newest Resort Conglomerate Finally Has a Name". Powder Magazine. The Enthusiast Network. Retrieved 2018-04-05.
- ^ "Ski Pass Revolution: Great News, Big Savings For Your Next Ski Vacation Forbes Feb 2018 https://www.forbes.com/sites/larryolmsted/2018/02/26/ski-pass-revolution-great-news-big-savings-for-your-next-ski-vacation/#c7632d61c2e9
- ^ "How Vail's EPIC Pass Changed the Game". New Schoolers. The Enthusiast Network. December 2017. Retrieved 2018-04-05.
- ^ "Ski-pass wars see shifting loyalties". Aspen Daily News. January 30, 2018.
- ^ "Alterra's Ikon Pass gives skiers a real rival to Vail's Epic Pass". USA Today. January 26, 2018.
- ^ "Aspen avoids ski pass war, season pass prices going up $25 to $50". Aspen Times. April 12, 2018.
- ^ "Alterra Mountain Company Announces $207 Million in Transformational Changes at Four Marquee Destinations". www.businesswire.com. 2021-04-12. Retrieved 2021-09-27.
- ^ "Alterra Mountain Co - Company Profile and News". Bloomberg.com. Retrieved 2021-09-27.
- ^ Wire, Business. "Alterra Mountain Company Announces CEO Transition". The Bakersfield Californian. Retrieved 2022-05-27.
{{cite web}}
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has generic name (help) - ^ a b "Mammoth Buys Big Bear Mountain Resorts - BigBearRealEstate.com". 11 March 2015.
- ^ a b Roberta Avery, "A mountain of history at popular resort", Toronto Star, 18 January 2007
- ^ "Alterra Mountain Company Closes on Crystal Mountain Resort in Washington". Alterra Mountain Company. October 1, 2018. Archived from the original on 2020-08-03. Retrieved February 17, 2021.
- ^ "Snowboarders take fight against ban at Utah resort to appeals court". Denver Post. 20 April 2016. Retrieved 2018-04-05.
- ^ "The Top 20 Ski Resorts In North America With The Most Lifts". 29 May 2018.
- ^ "ALTERRA MOUNTAIN COMPANY TO ACQUIRE SOLITUDE MOUNTAIN RESORT IN UTAH". Alterra Mountain Co. June 20, 2018.
- ^ "Squaw & Alpine To Become One - Tahoetopia". tahoetopia.com.
- ^ Haddad, Sam (26 November 2010). "Stratton, Vermont: where snowboarding was born". The Guardian. Guardian News and Media Limited. Retrieved 2018-04-05.
- ^ "Changing But Not Saying Goodbye". Sugarbush.com. November 13, 2019.
- ^ "Alterra acquires Vermont's Sugarbush resort". Salt Lake Tribune. January 14, 2020.