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Huge News! Aspen is Buying Steamboat

Steamboat Ski Area

The ski season wraps up Sunday, but the buzz in Steamboat this week is as exciting as an 18″ powder dump. Aspen Skiing Co. and KSL Partners announced this week they will buy Steamboat as part of a larger $1.5 billion acquisition.

To add to the buzz, Aspen announced two days later that they will also be buying Mammoth Resorts, which includes Mammoth Mountain, June Mountain, Snow Summit and Bear Mountain.

Once the deal is finalized in Q3 2017, Aspen Skiing Co. and KSL Capital Partners will own or manage the following resorts in North America:

* Steamboat Ski and Resort Corp.
* Winter Park (operation agreement)
* Blue Mountain, Ontario
* Mont Tremblant, Quebec
* Snowshoe, West Virginia
* Stratton Mountain, Vermont
* Canadian Mountain Holidays, British Columbia

Aspen Skiing Co.
* Aspen Mountain
* Aspen Highlands
* Snowmass
* Buttermilk

KSL Capital Partners
* Alpine Meadows, California
* Squaw Valley, California

Mammoth Resorts
* Mammoth Mountain
* June Mountain
* Snow Summit
* Bear Mountain

Aspen Ski Co has been looking for ways to compete with the ever growing Vail Resorts. Steamboat and Winter Park will be the only two Colorado ski areas added to the Aspen brand outside of Pitkin County. After the dust settles, Aspen will have 14 resorts compared to Vail’s 11 resorts.

Read the Denver Post article here
Read the Aspen Times article here
Read the article from the Steamboat Pilot here

Aspen is such an iconic brand and has been managed successfully by the same ownership for decades. We are optimistic about the opportunities and look forward to seeing the changes it will bring here in Steamboat.  Call us at 970-819-6372 to discuss how this will impact Steamboat Springs real estate.