Vail Resorts Acquires Crans-Montana Mountain Resort (Switzerland)

Alterra Mountain Company Acquires Schweitzer Mountain Resort

August 22, 2023

Restaurants & Hospitality

Alterra Mountain Company has completed its acquisition of Schweitzer Mountain Resort in Sandpoint, Idaho, expanding Alterra’s portfolio of year-round mountain destinations to 17 properties. Schweitzer’s existing CEO Tom Chasse will remain in place, and the MKM Trust/Capital will retain non-ski real estate and development holdings while Alterra assumes resort operations.

Vail Resorts Acquires Seven Springs, Hidden Valley and Laurel Mountain Ski Areas

December 31, 2021

Restaurants & Hospitality

Vail Resorts, Inc. has closed its acquisition of Seven Springs Mountain Resort, Hidden Valley Resort and Laurel Mountain Ski Area in Pennsylvania from Seven Springs Mountain Resort, Inc. and affiliates for approximately $118 million. The deal adds three regional ski areas (including lodging and conference facilities) to Vail's portfolio and will make the resorts available on select Epic Pass products to expand Vail's presence in the Pittsburgh and surrounding markets.

Alterra Mountain Company Acquires Arapahoe Basin

November 19, 2024

Restaurants & Hospitality

Alterra Mountain Company has closed the purchase of Arapahoe Basin, adding the legendary Colorado ski area to its portfolio of mountain destinations. Alterra will retain A-Basin's leadership team and maintain existing pass access while working with the resort on a 10-year master development plan.

Evermore Partners and New Castle Hotels & Resorts Acquire Montana Marriott Portfolio

March 30, 2023

Real Estate

Denver-based Evermore Partners and Ridgefield-based New Castle Hotels & Resorts acquired the Montana Marriott Portfolio in downtown Missoula, Montana, comprising a 105-key AC Hotel by Marriott, a 175-key Residence Inn by Marriott, and The Mercantile (approx. 20,000 sq. ft. of retail). The co-sponsors said the acquisition expands their presence in the Rocky Mountain region and broadens New Castle's management platform to the West.

Heli (heli.life) Acquires Great Canadian Heli-Skiing and Heather Mountain Lodge

December 19, 2022

Restaurants & Hospitality

Heli (heli.life), an adventure-travel marketplace, has closed the purchase of Great Canadian Heli-Skiing and the Heather Mountain Lodge in interior British Columbia. The acquisition is a vertical-integration move by Heli to own supply (a boutique heli-ski operator and lodge) while preserving the existing team and operations under the new ownership.

Alterra Mountain Company Acquires Ski Butlers

September 8, 2022

Restaurants & Hospitality

Alterra Mountain Company has acquired Ski Butlers, a Park City–based ski and snowboard rental delivery service that operates in ~50 resort destinations across North America and Europe. The acquisition will keep Ski Butlers as a standalone business and aims to expand guest services and equipment delivery across Alterra's resort portfolio to enhance the guest experience.