Coming on the heels of Vail Resorts’ mega-deal to acquire SNOWCHASE-beloved Whistler Blackcomb in August of 2016, and the same outfit’s $50 Million purchase of Stowe Mountain Resort in Vermont from insurance conglomerate AIG, we have another moment of industry super-consolidation to report.
Aspen Skiing Company – owner of the four iconic Roaring Fork Valley mountains – and partner private equity firm KSL have signed a $1.5 Billion deal with Intrawest Resorts for Steamboat and Winter Park resorts. “The new investment group also gets Quebec’s Tremblant, Ontario’s Blue Mountain, West Virginia’s Snowshoe and Vermont’s Stratton ski areas as well as Canadian Mountain Holidays, the world’s largest heliskiing outfit,” according to the Denver Post.
AND following that mega deal, here’s another one to report. Aspen Skiing Company and KSL purchased Mammoth and Squaw resorts.
No doubt there are bound to be mixed reactions to the news. Consolidation can raise prices, but can also raise awareness of snowsports and encourage more people to take a ski vacation. Tell us what you think and maybe we’ll interview the managers to get some insight into the plans for the new resorts!