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ASPEN DEAL SEALED - Katie Bamber, Sun Valley, USA
Wednesday August 2, 2017 - Email this article to a friend

PlanetSKI talks to Aspen Skico following the close of the mega deal that dramatically changes the US snowsports industry.

There have been big changes on the ski scene in North America as two giants stand up to battle it out - Vail Resorts and Aspen Skico.

Between them they now control many of the major resorts throughout the USA and Canada.

See here as we reported on the deal earlier this year that surprised many:
With season passes on sale in just a few weeks and with summer in full stride, the $1.5 billion deal closed on 1st August.

Now it is time for the next steps.

In short, three major resort companies have now combined - Intrawest, Squaw Valley Ski Holding and Mammoth Resorts.

Umbrella company Aspen Skiing Co. (Skico) owns the four resorts of Snowmass, Aspen Mountain, Aspen Highlands and Buttermilk, as well as those newly acquired in the deal.

It is a major shift in who controls what in North America.

It is hard to picture how it works, imagining the big name resorts in the Alps being run by one of two companies. 

Vail Resorts most recently bought Stowe in Vermont and, a surprise for many, Whistler in British Columbia.

"I think a lot of people expect it to be a move like that of Vail Resorts," the Director of Public Relations at Skico, Jeff Hanle, told PlanetSKI at an event at the Sun Valley Limelight Hotel - a modern hotel brand owned also by Skico.

"We've acquired these great new resorts and intend to keep them unique."

The 12 mountain resorts cover most of North America's major ski regions.

"We don't intend to unify the resorts. We want to keep them individual and continue to celebrate and enjoy their qualities and highlights," Hanle explained.

"We want to support and give these resorts the capacity to do what they do and more.

"What do we know about running Tremblant, Quebec? It's quirks are what makes it the successful resort it is and we want to preserve these."

NA ski newsNorth America ski news


















The new entity includes:
  • 12 four-season mountain resorts 
  • Approximately six million skier visits
  • 20,000 skiable acres
  • Canadian Mountain Holidays, the world's leading heli-ski operator
  • Comprehensive aviation and real estate businesses 

CALIFORNIA

  • Squaw Valley
  • Alpine Meadows
  • Mammoth Mountain Ski Area
  • Snow Summit
  • Bear Mountain 
  • June Mountain
COLORADO
  • Steamboat Ski & Resort 
  • Winter Park Resort

OTHER US & CANADA

  • Blue Mountain Ski Resort in Ontario
  • Mont Tremblant Resort in Quebec
  • Stratton Mountain Resort in Vermont
  • Snowshoe Mountain Resort in West Virginia

READ MORE:

Season Passes

For Winter 17/18 the new company will honor the resorts' existing passes on sale.

These include the Rocky Mountain Super Pass +, the M.A.X. Pass, and the Mountain Collective.

And after this coming season there will be movement on the branding of the collection and there's talk of a pass to cover all 16 resorts and rival those existing, mentioned above.

Snowmass

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

There are also to be some leadership changes and the appointment of a new CEO.

KSL Capital Holding's Bryan Traficanti has become the interim CEO.

"This transaction marks a significant milestone for our company, our guests, and our communities, and we are excited about the opportunities that lie ahead as a result of combining Intrawest, Squaw Valley Ski Holdings, and Mammoth Resorts," Traficanti said.

"We believe that each resort brings something different to the company, and our goal is to preserve the unique character and culture of each while also building something greater."

The previous vice president and Chief Operating Officer of Aspen Ski Co., David Perry, was named the newly integrated company's president and COO. 

About Squaw Valley Ski Holdings:

The parent company of Squaw Valley and Alpine Meadows in North Lake Tahoe
About Mammoth Resorts:

  • Leading mountain resort operator in California
  • Owns and operates a variety of recreation, hospitality, real estate development, food and beverage and retail enterprises
  • For more information visit the website
About Intrawest:
  • A North American mountain resort and adventure company
  • At closing, owns or operates 6 resorts: Steamboat Ski & Resort, Winter Park Resort, Mont Tremblant Resort, Blue Mountain Ski Resort, Stratton Mountain Resort, and Snowshoe Mountain Resort
  • Intrawest Resorts Holdings, Inc. website
Aspen Skiing CompanyAspen Skiing Company

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


See here for the main PlanetSKI news page with all the latest stories from the mountains.

For the Spirit of the Mountains - PlanetSKI: No1 for ski news

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