Last week’s announcement that Aspen Skiing Co. is partnering with private equity firm KSL to purchase Intrawest Resort Holdings and Mammoth Resorts made waves throughout the ski world. In fact, the company’s entree into the acquisition and consolidation game (the Aspen/KSL partnership will boast 16 ski areas among them when the deals are completed) is probably the biggest splash the North American resort industry will feel in many years.
Here’s what you need to know about the acquisitions, some thoughts from Aspen Skiing Co. COO David Perry, and what others are saying about it. Continue reading →
There’s been no shortage of big sales, strategic moves, and bureaucratic action on the Aspen development chessboard lately, where, just like in chess, every move seems to affect the others. The major players of late? Mark Hunt, Aaron and Michael Brown, Bert Myrin, and Jeff Gorsuch. Here’s the skinny: Continue reading →
With a new position created for overseeing its non-ski business and a plan to continue to expand summer operations, the Aspen Skiing Co. is “doubling down on summer” in Snowmass, according to CEO Mike Kaplan. Continue reading →