Wednesday, April 12, 2017

Aspen & KSL Capital Partners Purchase Intrawest and Mammoth Resorts

The last several days has seen mountain resort consolidation stepped up considerably with Aspen Skiing Company and KSL Capital Partners partnering to form a new mega resort group. The initial announced purchase of Intrawest Resort for $1.5 billion and now the Mammoth Resorts collection. This newly formed entity will have the 4 Aspen Resorts - Aspen Mountain, Aspen Highlands, Buttermilk, Snowmass, Squaw Valley, Alpine Meadows, Steamboat, Winter Park, Stratton, Mont Tremblant, Blue Mountain, Snowshoe, Mammoth Mountain, June Mountain, Bear Mountain and Snow Summit under one umbrella.

This new lineup will be certain to spur more resort consolidation after Vail Resorts added Stowe Mountain Resort in Vermont recently to enter the eastern market. What will the next moves be from POWDR Corp, Boyne and others? Existing pass products sold for the 2017.18 season will still be honored. The questions becomes how do products like the Mountain Collective, Max Pass and others evolve and what new forms will emerge.