News Roundup: Aspen Snowmass

News Roundup: On the Horizon

Alterra to Buy Arapahoe Basin

Alterra Mountain Company has reached an agreement to acquire Arapahoe Basin, Colorado from Dream Unlimited, a Canadian developer which has owned the Basin since 1997. Alterra did not disclose the sale price but Dream Unlimited said in a release that “management believes this sale will result in after-tax profit of CA$110 million” before closing costs and adjustments. Under Dream, Arapahoe Basin nearly tripled in acreage and replaced its entire lift fleet. “Arapahoe Basin has been a great investment for Dream and one that we are very proud of,” said Michael Cooper, Chief Responsible Officer of Dream. “We have had the honour of taking care of this Resort over the last quarter century, with a constant commitment to the visitor experience. We are thrilled that Alterra recognizes and shares the same values and will continue to foster its unique and incredible culture.”

Arapahoe Basin will become Alterra’s 18th owned destination in North America and third in Colorado when the sale closes later this year. Veteran Chief Operating Officer Al Henceroth will continue to lead A-Basin under Alterra and guide the next phase of capital improvements, to include expanded snowmaking and parking. Henceroth noted on his legendary blog that “it has been a wild and fun 27 years, but it is time for the next step. Through the Ikon Pass, Alterra has created a partnership of the greatest resorts in the world. They know and understand The Basin and are enamored by its culture and vibe. I think they are the best team to help us through our next phase of growth and maturation.”

A-Basin partnered with Alterra to join the Ikon Pass in 2019 and Ikon access will remain unchanged for the current season. In Colorado, Ikon offers unlimited access to Copper Mountain, Eldora, Steamboat and Winter Park along with limited access to Aspen Snowmass and Arapahoe Basin. “Arapahoe Basin is considered legendary for a reason,” said Jared Smith, President & CEO of Alterra Mountain Company. “From its unparalleled terrain, to its commitment to sustainability, A-Basin has a team that has a passion and commitment for this unique place and its traditions, making it an ideal fit for the Alterra Mountain Company family.”

News Roundup: Legoland Gondola

News Roundup: Les Otten

Deer Valley Unveils Phasing for Eastward Expansion

Deer Valley Resort today detailed plans to open a two stage gondola and eight chairlifts for the 2025-26 season in phase one of Expanded Excellence. Deer Valley also revealed the new village portal along U.S. Route 40 will be named Deer Valley East Village. Previously known as Mayflower, the expansion is a collaboration between Deer Valley owner Alterra and Extell Development Company of New York. In August, the two companies came together and announced all new terrain would become part of Deer Valley rather than a separate ski resort.

Deer Valley East Village will cater to both day skiers and destination guests. The project includes a skier services facility with ski school, children’s programs, rentals, retail, and dining options along with 1,200 new skier parking spaces. The village will also be home to the upcoming Grand Hyatt Deer Valley and two additional hotels totaling more than 800 rooms.

A burly 10 passenger gondola will anchor mountain expansion, traveling from the East Village to 9,350 foot Park Peak. This 15,000 foot long lift will feature an angle station on Big Dutch Peak, servicing a variety of trails which return back to the village. Two six place chairlifts are also planned to terminate near the gondola on Park Peak, one for beginners and the other geared toward intermediate and advanced skiers. The larger of the two, Park Peak Express, will feature a mid-loading station for repeat upper mountain skiing.

Also opening by the 2025-26 season are two lifts on Sultan’s Nose unloading near Deer Valley’s existing Sultan Express and Mayflower. One of these lifts is a six pack from the new village and the other a high speed quad starting mid-mountain. Finally, four quad chairlifts are planned on the lower reaches of the expansion servicing the East Village, Marcella and Velvære communities. Many of the lift alignments have already been cut and graded and lift construction is likely to begin this summer. Deer Valley has not yet announced a manufacturer for the nine lifts in phase one.

While the majority of terrain will open in 2025-26, full buildout will continue over several years. Future phases will see three additional connector lifts to legacy Deer Valley terrain, two quad chairs on Hail Peak, two quads on South Peak and a high speed quad on Big Dutch Peak. In total the expansion adds 16 lifts and more than 3,700 acres to Deer Valley. Upon completion, the resort will offer over 5,726 acres of skiable terrain accessed by 37 chairlifts serving 238 runs.

“At Deer Valley Resort, we are proud of our legacy as a top-tier ski destination, and we’re staying true to our founding principles set over four decades ago,” said Todd Bennett, President & COO of Deer Valley Resort. “This expansion improves our resort’s accessibility and enriches the guest experience with additional world-class amenities. We will honor our history and strengthen our ties to the community as we expand over the next several years.”

News Roundup: Rough Week

News Roundup: Peak 9