Ski industry sees another big consolidation with Aspen deal

Ski industry sees another big consolidation with Aspen deal

Ski industry sees another big consolidation with Aspen deal

The aforementioned press release also explains that, "For the full 2017-18 winter season, each Intrawest resort will continue to honor the resort's existing pass products that are now on sale, including the Rocky Mountain Super Pass + and the M.A.X".

Stratton Mountain Resort in southern Vermont is part of a plan by Aspen Skiing Co.to acquire Intrawest Resorts Holdings, which owns several ski areas in the USA and Canada.

The deal sets up seismic changes in an industry with few multistate ski operators.

With the deal, Aspen also will take over several resorts in the East, including Snowshoe, WV, Stratton Mountain, VT, Mont Tremblant, Quebec, Blue Mountain, Ontario, as well as Canadian Mountain Holidays, British Columbia, and the management of several condominium hotel properties.

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SkiCo and KSL, along with East West Partners, joined up late a year ago when they bought the property in Snowmass' Base Village. "Stratton is a key component of Vermont's tourism industry, and plays vital role in the economy of Southern Vermont". Aspen Skiing has long resisted consolidation with larger owners, focusing on its smaller size and mix of ultra-wealthy out-of-town visitors and ski-savvy locals.

Vail recently acquired North America's biggest and busiest ski resort, Canada's Whistler Blackcomb Holdings Inc. "People like to move around and sample other places, and so in looking at that trend we felt like if we got involved with other resorts we could better serve our customers and offer them more options in the form of new technology and things like that that come out of working together".

In February, Vail Resorts, of Colorado, announced a $50 million deal to acquire another Vermont ski area, Stowe Mountain Resort from insurance giant American International Group.

Kaplan said skiers increasingly want to try ski resorts far from their homes and prefer to use a ski pass that works for a number of them instead of buying pricier per-day lift tickets at the different resorts.

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