The joint alliance of Aspen Skiing Company (A.K.A. SkiCO) and KSL Capital Partners have literally changed the landscape of the ski industry in just a few days.
This new (not yet named) alliance announced Wednesday morning that they will be acquiring Mammoth Resorts, which owns Mammoth Mountain Ski Area, Snow Summit, Bear Mountain and June Mountain in California. Combined, all four of Mammoth Resorts’ ski areas cover 6,000+ acres of terrain in Southern California with more than 2 million skiers each year. No price for the deal was made public.
This comes just two days after SkiCo and KSL announced their purchase of Intrawest Resort Holdings’ six ski areas for about $1.5 billion. Before the huge acquisitions this week, SkiCo owned Aspen’s four mountains in Colorado, while KSL Capital Partners owned Squaw Valley Alpine Meadows in Lake Tahoe, California.
What does this mean for skiers and snowboarders? If you’ve already purchased some type of season pass for next winter (or are planning to), all resorts will continue to honor existing multi-resort and season pass products for winter 2017-18 including the Mountain Collective, which includes all of SkiCo and Mammoth Resort’s mountains.
Although too soon to speculate, this week’s huge acquisitions will probably affect multi-resort pass options for the 2018-19 season. On Aspen’s website, these acquisitions were announced under the tag line “Better Together,” leading folks to believe some type of collaboration is in the near future. Perhaps a pass offering skiing at 16 resorts in the US & Canada: Squaw Valley, Alpine Meadows, Aspen Mountain, Aspen Highland, Buttermilk, Snowmass, Steamboat, Winter Park, Mont Tremblant, Stratton, Blue Mountain, Snowshoe, Mammoth Mountain, Snow Summit, Bear Mountain, and June Mountain? We’ll just have to wait to find out.
What do you guys think about these mergers? How do you think it will impact skiing and snowboarding in North America? Let us know in the comments below!