Alterra Mountain Company

Last updated
Alterra Mountain Company
Company type Private
Founded2018
Headquarters Denver, Colorado, US
Key people
Jared Smith (CEO)
Owners Henry Crown and Company
KSL Capital Partners
Website www.alterramtnco.com

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]

Contents

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, Snowbasin, 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]

As of late 2021, the Chief Executive Officer was Jared Smith. [14]

List of Resorts

NameLocationDate openedDate acquiredNotes
Big Bear Mountain Big Bear Lake, California 1943April 12, 2017Merged with neighboring Snow Summit [15]
Blue Mountain Collingwood, Ontario 1941April 10, 2017Third busiest ski resort in Canada [16]
Crystal Mountain Resort Enumclaw, Washington 1962October 1, 2018 [17]
Deer Valley Park City, Utah 1981August 21, 2017One of three resorts in the U.S. to not allow snowboarding [18]
June Mountain June Lake, California 1962April 12, 2017
Mammoth Mountain Mammoth Lakes, California 1955April 12, 2017Eighth largest lift system in North America [19]
Snowshoe Snowshoe, West Virginia December 13, 1974April 10, 2017
Snow Valley Mountain Resort Running Springs, California 1924January, 2023Merged with nearby Snow Summit and Big Bear Mountain [20]
Solitude Mountain Resort Solitude, Utah 1957June 20, 2018 [21]
Palisades Tahoe / Alpine Meadows Olympic Valley, California
Alpine Meadows, California
1949Plans 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]
Schweitzer Mountain Sandpoint, Idaho 1963August 22, 2023 [23]
Steamboat Steamboat Springs, Colorado January 12, 1963April 10, 2017
Stratton Stratton Mountain, Vermont December 1961April 10, 2017First ski resort to allow snowboarding in 1983 [24]
Snow Summit Big Bear Lake, California 1952April 12, 2017Merged with neighboring Big Bear Mountain [15]
Sugarbush Resort Warren, Vermont December 25, 1958November 13, 2019Acquisition finalized January 14, 2020. [25] [26]
Tremblant Mont-Tremblant, Quebec 1938April 10, 2017Second busiest ski resort in Canada [16]
Winter Park Resort Winter Park, Colorado 1939April 10, 2017

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References

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  14. https://www.linkedin.com/in/jared-smith-44012920/
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  16. 1 2 Roberta Avery, "A mountain of history at popular resort", Toronto Star, 18 January 2007
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  22. "Squaw & Alpine To Become One - Tahoetopia". tahoetopia.com.
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