North America’s second largest resort operator today announced the purchase of two lifts for Mammoth Mountain, new terrain at Steamboat Resort and a two year project to build new trails and lifts at Tremblant. Alterra Mountain Company will complete $223 million worth of capital improvements in total for next season, up from $181 million in 2019-20 and $130 million the year before. Rival Vail Resorts announced back in December spending of $210 to $215 million across 37 mountain resorts, including construction of six new lifts in 2020.
At Mammoth, one of the most utilized lifts in the Alterra system, Broadway Express, will be replaced with a high-speed six place detachable, increasing uphill capacity by 42 percent to 3,200 skiers per hour. Sister lift Canyon Express will be replaced with a 3,000 people per hour six pack, increasing uphill capacity out of Canyon Lodge by 66 percent. Both of these lifts are likely to be supplied by Doppelmayr.
In Colorado, Steamboat Resort will expand onto 355 acres of Pioneer Ridge, providing skiers and riders with more terrain to explore. Pioneer Ridge will feature 1,800 vertical feet of advanced and expert gladed terrain accessible via the Pony Express lift. Twenty five new chairs will be added to the Garaventa CTEC high speed quad, increasing capacity from 1,200 people per hour to 1,800. The Steamboat master plan calls for Pioneer Ridge to eventually feature its own detachable chairlift.
This summer, Tremblant will begin a two-year expansion project called Timber. Quebec’s most popular mountain will open a new beginner zone with a magic carpet on Versant Soleil for 2020-21 to enhance the learning experience for new skiers and riders. In late 2021, the Timber summit will open with a new high speed quad and eight trails leading to Versant Soleil and the North side. “This project, which aims at diversifying the ski area, is part of the continued development of Versant Soleil and reaffirms Tremblant’s leader position as the #1 ski resort in Eastern North America,” said the resort.
“Three years ago, when we formed Alterra Mountain Company, an initial priority was to commit to investing a half a billion dollars by 2023 across our family of North American destinations,” said Rusty Gregory, CEO of Alterra Mountain Company. “To date, we have invested more than $350 million and are committed to exceeding our original plan, spending $575 million by 2020 on lifts and gondolas, snowmaking, summer activities, real estate development, hospitality and technology, all in the name of creating memories for our guests through an elevated mountain experience.” Privately-held Alterra owns 14 resorts, having recently completed its acquisition of Sugarbush.
