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Mammoth Resorts acquired by Aspen Skiing Company, KSL

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In the latest run of resort acquisitions, the newly formed entity between Aspen Skiing Company and KSL Capital Partners have entered into a definite agreement to acquire Mammoth Resorts. This news is on the heels of Aspen Skiing Company and KSL announcing earlier this week their plans to acquire Intrawest Resort Holdings, which includes Steamboat, Winter Park, and Canadian Mountain Holidays, among others. 

"Mammoth has been Southern California’s mountain home since 1948", said Rusty Gregory, Chairman and CEO of Mammoth Resorts. "After doubling down on our offerings to Southern California with the purchase of Snow Summit and Bear Mountain in 2014, joining this new venture led by Aspen and KSL is the next logical chapter in the story of Mammoth Resorts. This new platform, built around a collective passion for the mountains and our commitment to the people who visit, work and live there, is exactly what the ski resort business needs. I am excited about the future prospects for Mammoth Resorts, our people and this new enterprise."

"Mammoth is a special place. The landscape is spectacular, the mountain is phenomenal and the place is in constant motion. Whether it's the vibrant park and pipe scene, the high-quality alpine racing programs, or excellent mountain biking, Mammoth has it all," said Mike Kaplan, CEO of Aspen. "At the same time, Bear and Snow Summit serve local skiers perhaps better than anyone in the industry with high-quality skiing and riding right on the doorstep of Southern California. We couldn’t be more pleased to work with these extraordinary properties.”

All existing season pass products will be honored for the 2017-2018 season. 

SAM COLLENTINE

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