In a recent article, SAM Magazine reports that KSL Capital Partners and Aspen SkiCo will be acquiring Deer Valley Resort, a purchase that continues a recent pattern of “ski resort ownership consolidation” (SAM Magazine). The article goes on to say that, “In just the last six months, the yet-to-be-named joint venture has combined Intrawest, Mammoth Resorts, Squaw Valley/Alpine Meadows, and Aspen Ski Company” (SAM Magazine). And with the recent purchase of Deer Valley, the buying spree doesn’t seem to be slowing down.
Previously, Vail Resorts’ Epic Pass was an unrivaled pass option for skiers who wanted to visit and ski at a variety of amazing resorts. But with KSL/SkiCo’s recent acquisitions, the joint-venture is shaping up to be Vail’s biggest competitor in the super-pass market. Although KSL/SkiCo hasn’t released any mega-passes yet for this season, it is certainly a major possibility for next winter.
As with many of these recent purchases, there are some concerns that KSL/SkiCo’s acquisition will result in major changes for Deer Valley, which has been privately owned since the resort opened in 1981 (McCombs). Hopefully, most of these concerns are unwarranted. This is supported in a statement by David Perry, president and COO of the joint venture, saying, “We look forward to working with the staff and Park City community to carry on the traditions that make [Deer Valley] so special” (SAM Magazine).
See the full article below: