Alterra Mountain Company

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Alterra Mountain Company
Company typePrivate
IndustryHospitality
Founded2018; 8 years ago (2018)
HeadquartersDenver, Colorado, U.S.
Key people
Jared Smith (CEO)
OwnersHenry Crown and Company
KSL Capital Partners
Websitealterramtnco.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]

History

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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 and Alpine Meadows (the two ski resorts were combined and later renamed Palisades Tahoe[5]) to form Alterra Mountain Company in January 2018.[6]

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,[7] Aspen/Snowmass, Boyne Resorts, Jackson Hole Mountain Resort, Powdr Corporation, Revelstoke Mountain Resort, SkiBig3, and Snowbird.[8] This is a competitor to Vail Resorts' Epic Pass.[9][10][11][12][13]

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.[14]

As of late 2021, the Chief Executive Officer was Jared Smith. [15]

List of resorts

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  • Big Bear Mt. and Snow Summit merged several years before Alterra was formed. The official title is: Big Bear Mountain Resorts.
Name Location Date opened Date acquired Notes
Arapahoe Basin United States Summit County, Colorado 1945 February 8th, 2024 Alterra's newest mountain, bought in 2024.[16]
Big Bear Mountain United States Big Bear Lake, California 1943 April 12, 2017 Merged with neighboring Snow Summit[17]
Blue Mountain Canada Collingwood, Ontario 1941 April 10, 2017 Third busiest ski resort in Canada[18]
Crystal Mountain Resort United States Enumclaw, Washington 1962 October 1, 2018[19]
Deer Valley United States Park City, Utah 1981 August 21, 2017 One of three resorts in the U.S. to not allow snowboarding[20]
June Mountain United States June Lake, California 1962 April 12, 2017
Mammoth Mountain United States Mammoth Lakes, California 1955 April 12, 2017 Eighth largest lift system in North America[21]
Snowshoe United States Snowshoe, West Virginia December 13, 1974 April 10, 2017
Snow Valley Mountain Resort United States Running Springs, California 1924 January, 2023 Merged with nearby Snow Summit and Big Bear Mountain[22]
Solitude Mountain Resort United States Solitude, Utah 1957 June 20, 2018[23]
Palisades Tahoe / Alpine Meadows United States Olympic Valley, California
Alpine Meadows, California 		1949 — Plans 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.[24]
Schweitzer Mountain United States Sandpoint, Idaho 1963 August 22, 2023 [25]
Steamboat United States Steamboat Springs, Colorado January 12, 1963 April 10, 2017
Stratton United States Stratton Mountain, Vermont December 1961 April 10, 2017 First ski resort to allow snowboarding in 1983[26]
Snow Summit United States Big Bear Lake, California 1952 April 12, 2017 Merged with neighboring Big Bear Mountain[17]
Sugarbush Resort United States Warren, Vermont December 25, 1958 November 13, 2019 Acquisition finalized January 14, 2020.[27][28]
Tremblant Canada Mont-Tremblant, Quebec 1938 April 10, 2017 Second busiest ski resort in Canada[18]
Winter Park Resort United States Winter Park, Colorado 1939 April 10, 2017

References

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  15. ^ https://www.linkedin.com/in/jared-smith-44012920/
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  18. ^ a b Roberta Avery, "A mountain of history at popular resort", Toronto Star, 18 January 2007
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