News Roundup: Stellar

 

 

Alterra to Acquire Sugarbush Resort

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Vermont’s Sugarbush will join the Alterra Mountain Company family of resorts, bringing the two year-old group to 15 mountains.  Sugarbush encompasses Lincoln Peak and Mt. Ellen, which are connected by a two mile long detachable quad called the Slide Brook Express.  The resort operates a combined fleet of 13 chairlifts from both Doppelmayr and Poma.  “Sugarbush Resort is a premier East Coast mountain destination and we are excited to expand the Alterra Mountain Company family in the Northeast, with Sugarbush joining Stratton in Vermont,” said Rusty Gregory, Chief Executive Officer of Alterra. “Sugarbush has been a partner on the Ikon Pass since its inception and we look forward to the opportunities ahead.”

Win Smith, managing partner of the current ownership group, will stay on and become President and Chief Operating Officer of Sugarbush under Alterra.  “Having been a family-owned resort for nearly two decades, we were keen to find the right next owner of Sugarbush Resort,” said Smith.  “We are delighted that Sugarbush will join the Alterra Mountain Company family, knowing that Alterra Mountain Company will continue to maintain our culture, values and commitment to our community, while bringing additional capital and other resources to make Sugarbush even better in the years ahead.”  Since being acquired from American Skiing Company in 2001, Sugarbush has invested $74 million in mountain improvements including seven new lifts, significant upgrades to snowmaking, and the revitalization of the Lincoln Peak Base area.

Ikon Pass access to Sugarbush will remain limited to five or seven days for the 2019-20 season.  It is likely to become unlimited for 2020-21 like at most other Alterra-owned resorts.  Mountain Collective access will remain unchanged for this season.  The transaction is expected to close in the fist quarter of 2020.

News Roundup: Interviews

  • The 117 year old Poconos hotel which just announced plans to build a chairlift burned down last Friday.
  • Yellowstone Club adds Silver Tip, its 18th major lift, giving YC the 13th highest lift count in the nation!
  • More awesome podcasts: Jeremy Davis of the New England Lost Ski Areas Project, Rob Katz on snowmaking across Vail Resorts, Geoff Hathaway on rebuilding Magic Mountain and the staff of Eldora on what it takes to open weeks ahead of normal.
  • Two new quads and a lift shortening are all now reflected on the Stevens Pass trail map.
  • Vandals slash upholstered seats on an Austrian gondola, cause $28,000 in damage.
  • Okemo receives a 24 month extension to its permit for building a beginner fixed grip quad at Jackson Gore.
  • Loveland gains approval to replace Lift 6 with either a fixed grip triple or detachable quad in 2021.
  • New Hampshire Governor Chris Sununu tours the gorgeous new summit lodge and gondola at Bretton Woods.
  • Alterra CEO Rusty Gregory joins Bloomberg TV and Yahoo Finance to chat about opportunities he sees in the ski business.
  • The head of MND Group says financial struggles are history as the company ramps up to deliver $200 million worth of orders for lifts, Gazex and snowmaking.
  • The Forest Service plans to approve two new fixed grip quad lifts at Lee Canyon.
  • Big Sky looks for 30 more chairs for Six Shooter.
  • A Wyoming ranch with snow cat skiing considers adding lift service.
  • Chris Diamond’s new book, Ski Inc. 2020, was released last week and is a must read for those who follow North American skiing.
  • Simon Fraser University includes a 3S gondola as a core component of its new campus master plan.

News Roundup: Heating Up

Alterra to Build New High Speed Lifts at Alpine Meadows & Winter Park

Alterra Mountain Company will spend $181 million on capital improvements at its network of resorts this offseason, $32.3 million of which will go towards new lifts.  The announcement comes on the heels of competitor Vail Resorts’ proclamation that it will devote $139 to 143 million to capital projects in 2019, including new lifts for Crested Butte and Stevens Pass.

At Colorado’s Winter Park Resort, a new Leitner-Poma six-pack will replace the Sunnyside triple, increasing uphill capacity by 800 people per hour and reducing ride time from eight minutes to 3.8.  Sunnyside is a 1989 CTEC that provides egress from Parsenn Bowl and often experiences significant wait times.

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The Sunnyside triple is being retired but will likely find a new home due to its age.

In California, Squaw Valley Alpine Meadows will debut the first Leitner-Poma of America LPA detachable to feature an intermediate station.  The approximately 5,000 foot quad lift will follow the current Hot Wheels alignment with an offloading opportunity at the current top terminal site.  Chairs will continue one minute further to Sherwood Ridge for direct access to the backside of Alpine.  The first Leitner-Poma lift at Alpine Meadows will move a total of 2,400 skiers per hour between the three stations and cost approximately $10 million.  “The new lift will benefit the Alpine Meadows experience on many levels,” said Ron Cohen, president and chief operating officer at Squaw Valley Alpine Meadows. “Terrain currently served by Hot Wheels is frequently used by learners and ski and ride school as the next progression after the beginner terrain in the base area. A detachable lift will make loading and unloading much easier for these groups, and the ride time will be more than cut in half. Alpine Meadows is a fantastic place to learn how to ski, and I am proud that we are continuing to foster that quality.”  Squaw is also adding new rope tow and carpet lifts in the High Camp area to further improve beginner options and skier circulation.

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This photo, taken from near the new Hot Wheels top terminal location, shows what will become the first stage of a two stage high speed quad.

As announced at the beginning of the winter, Doppelmayr will complete the Steamboat gondola rebuild this summer, adding new towers, all new cabins and more.  With a speed increase, this key out-of-base lift will feature an increased capacity of 3,600 skiers per hour.

Another significant lift-related investment is RFID access gates and ticketing infrastructure at Deer Valley Resort.  Other Alterra properties are getting snow cats, expanded snowmaking capabilities, restaurant remodels and new bike trails.  “Alterra Mountain Company’s unique year-round mountain destinations offer skiers, riders and summer visitors of all ages from all over the world special, memorable experiences, and each aspect of our business plays a part in bringing the guest back year after year and inspiring a lifelong love of the mountains,” said Rusty Gregory, Chief Executive Officer of Alterra in a company-wide press release.  “We are committed to investing in everything from lifts to snowmaking to creative dining experiences, and technology that weaves it all together for a seamless visit.”  The privately-held firm has budgeted more than half a billion dollars for capital improvements through the 2022/2023 ski season.  All 13 Alterra destinations participate in the Ikon Pass, which starts at $649 and goes on sale tomorrow morning.

How Many Lifts Might Alterra Buy in 2019?

At just 15 months old, Alterra Mountain Company finds itself with over 200 chairlifts, gondolas and tramways in two countries.  The 13 Alterra mountains mirror the broader ski industry with places like Deer Valley and Crystal Mountain sporting many newer lifts while the average chairlift at June Mountain is 45 years old.

On a Monday last March, the fledgling company based in Denver simultaneously unveiled its very first lift investments at Stratton, Tremblant and Winter Park along with other improvements like snowmaking at Snowshoe and a new restaurant at the base of Steamboat.  Importantly, Alterra committed to spending $555 million in total capital over five years.  That was before it bought Solitude and Crystal Mountain, which could mean even more money flowing over the next few construction seasons.  While last year’s budget only included three new lifts, could we see more in 2019?

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With the September approval of major projects by the Forest Service, Steamboat is poised for a comprehensive on-mountain transformation.  Although the timing is fluid, a new Rough Rider learning center at mid-mountain will eventually be serviced by a new gondola from the village.  Here, skiers and snowboarders will be able to choose from three new carpet lifts, a new and improved Bashor lift and a second fixed-grip chair replacing the Rough Rider surface tow.

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A second initiative Steamboat could undertake in 2019 is the Pioneer Ridge expansion, which includes a 7,000 foot detachable quad and a dozen new trails.  Other possible upgrades include adding chairs to Pony Express (currently at only 1,200 skiers per hour but designed for 2,400)  or new cabins for the Silver Bullet.  Wouldn’t it be cool for the new gondola and original one to have similar cabins?

The average lift at Alterra-operated Winter Park Resort is 27 years old.  Six are early model detachable quads coming up for replacement.  In the case of 32 year old Pioneer Express, an upgrade is overdue and I expect coming in 2019.  A new version could add a snowboarder friendly mid loading station above the last section of Big Valley.

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Pioneer is one of only four remaining Poma detachables in North America with separate Alpha drive units.

A second project I hope to see is a second stage of the new gondola from Sunspot to Lunch Rock, truly uniting Winter Park and Mary Jane.  Sunnyside should be a high speed quad or six pack.  A high speed replacement of Challenger would be a nice upgrade at Mary Jane.  Looking Glass is tied for the oldest operating chairlift in Colorado.  After Pioneer, High Lonesome is the next Poma detachable up for replacement if we go solely by age.

The above Intrawest era master plan earmarked Gemini Express to be converted into an eight passenger gondola with a new learning center surrounding its top station.  Endeavor could go detachable as part of this project and/or Discovery made into a fixed grip quad.  Finally, a lift is envisioned to expand Vasquez Ridge Territory with four new intermediate trails. With all of these ideas on the table, I expect Winter Park to get at least one lift in 2019 and hopefully two.

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News Roundup: Rope Time

  • Searchmont, Ontario sells to Wisconsin Resorts, the firm behind Pine Knob, Mt. Holly and Ski Bittersweet in Michigan as well as Alpine Valley, Wisconsin.
  • Mike Solimano of Killington reveals what three lifts he would upgrade if given $100 million to spend at The Beast.
  • The new Winter Park gondola is creatively named Gondola.
  • Grand Junction’s NBC affiliate takes viewers inside the factory where Leitner-Poma lifts are created.
  • The two stage Blackcomb Gondola is almost finished; thanks Max for these pictures.
  • Next up for Ramcharger 8 at Big Sky: installation of an in-terminal video wall and the haul rope, which is going up right now.
  • Beech Mountain commissions its twin fixed grip quads.
  • Freeskier looks at Alterra’s whirlwind growth and future trajectory.
  • Rope pulling commences tonight at Walt Disney World, 24 years to the day since the Disneyland Skyway cable was taken down for good.
  • This week’s new trail map comes from Hunter Mountain.
  • In an act of sabotage, someone cuts into three haul ropes at a Pyrenees ski resort.

News Roundup: A World Away

  • As Vail Resorts shakes up management in the northeast, outgoing Mt. Sunapee GM Jay Gamble reflects on 20 years of growth including four new lifts and 110,000 annual skier visits.
  • Vail also says goodbye to Sunapee’s Duckling double after 55 years.
  • The owner of Mt. Washington, British Columbia; Ragged Mountain, New Hampshire; Wisp, Maryland and Wintergreen, Virginia takes over operations at Powderhorn, Colorado.
  • Propelled by five major projects in Colorado, Leitner-Poma says 2018 is it biggest year ever in the United States.
  • The $2 billion Salesforce Transit Center in San Francisco, which features a short aerial tramway, is mired in problems unrelated to the lift.
  • Construction begins in Switzerland for the world’s second longest 3S with the most towers – seven.
  • With new six and eight passenger lifts, Big Sky Resort shifts away from the double/triple/quad lift lingo.
  • Alterra names KSL veteran Adam Knox Senior Vice President of Strategy and Corporate Development to lead the company’s acquisitions and resort partnership group.
  • Due to the amount of lift work needed after seven shuttered years, Cockaigne, NY won’t reopen this winter after all.
  • One of the longest Riblets retired from Snowmass turns up in the Pakistani town where Osama bin Laden was killed.
  • A freshly cut lift line is spotted in the Spanish Peaks development adjacent to Big Sky Resort, probably for the planned Highlands chair.
  • The Berkshire Eagle looks at Catamount’s $5 million fall.
  • A judge quashes spending for lift maintenance at the Hermitage Club, which remains in foreclosure.  A new lawsuit against the ski area alleges breach of contract and consumer fraud.
  • Another aerial tramway cabin crashes in Europe, this time on the one year old Bartholet jigback Staubernbahn.  No one was hurt as the cabin that hit the ground was empty.
  • The Boston Globe talks with Mainers about a fourth winter without Saddleback.
  • In New Zealand, The Remarkables is set to build the inaugural D-Line in the southern hemisphere and Coronet Peak announces a Leitner Telemix.
  • The new Bretton Woods trail map indicates the gondola may not be called Presidential Bahn after all.
  • As Copper Mountain and Leitner-Poma crews work hard to finish two big lifts, opening weekend shifts to Super Bee.

Alterra to Acquire Crystal Mountain

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Washington State’s largest ski resort will soon join the Alterra Mountain Company family of resorts.  The big news comes just a year and a half after John Kircher bought out the mountain from his family’s company, Boyne Resorts, which has owned Crystal since 1997.  The resort operates one of the most modern lift fleets in the country in the shadow of Mt. Rainier, less than two hours from Seattle.  Upon closing, Crystal Mountain Resort will join the Ikon Pass, giving Evergreen State passholders access to the two largest ski resorts in the region.  Boyne’s Summit at Snoqualmie signed on just last week offering 5-7 days and access at Crystal will be unlimited with no blackout dates on both the full Ikon and Ikon Base passes.  Alterra’s passes now include 39 mountains with a combined 468 lifts across the US and Canada plus partner resorts in Australia and Japan.  The third major player in the Washington Cascades, Stevens Pass, sold to Vail Resorts for $67 million earlier this year and joined the competing Epic Pass, which also includes nearby Whistler Blackcomb.

“With the addition of Crystal Mountain Resort in Washington, we are able to expand our reach into the Pacific Northwest and offer our guests incredible experiences in the Cascade Mountains, while also giving Crystal Mountain Resort skiers and riders the opportunity to explore all the other premier destinations on the Ikon Pass,” said Rusty Gregory, Chief Executive Officer at Alterra. “Crystal Mountain is Washington’s premier resort and has been a favorite year-round destination for those in the greater Seattle-Tacoma area for years, and we are excited to include it in the Alterra Mountain Company family.”  Crystal’s sale price was not disclosed and the deal is expected to close in the fourth quarter.

Like others before him, Mr. Kircher was probably made an offer he couldn’t refuse.  “It has always been my goal to ensure Crystal Mountain Resort be taken the farthest in the shortest amount of time in order to keep Crystal at the top of Northwest skiing,” he said in a statement. “Alterra Mountain Company is able to offer a depth of experience and resources, as well as inclusion on the Ikon Pass with its outstanding destinations throughout the world. The mountain sports business has changed more in the last year than I have seen it change in my entire 40-year career, and I am excited to see what lays ahead.”

Despite seven out of ten lifts being added or replaced in the last twenty years, Crystal’s master plan envisions more.  The proposed Kelly’s Gap Express would give direct access to the upper mountain from the lower parking lots and open up new runs below Green Valley.  A second new lift on the other side of the access road would open up terrain in Bullion Basin.  A second gondola could also link the base plaza with Campbell Basin.  Crystal’s three oldest lifts – Discovery, Gold Hills and Rainier Express (Washington’s first detachable chairlift) – could also be replaced by Alterra, which has committed to spending more than $550 million at its resorts over the next five years.

Updated: Ikon Pass Adds Brighton, Solitude, Taos & More

Alterra Mountain Company added both Big Cottonwood Canyon resorts to its flagship season pass today, giving buyers access to five resorts encompassing almost 10,000 acres of the Wasatch.  Brighton is the fifth Boyne Resorts-owned mountain to sign on to Ikon and will give passholders seven unrestricted days.  Ikon Base passholders will get five with blackout dates.  Alterra agreed to acquire Solitude in June and, as expected, access there will be unlimited and unrestricted with full pass.  “The Ikon Pass is expanding, and with the addition of Solitude Mountain Resort and Brighton Resort, we are excited to offer unparalleled access to Utah, a state known around the world for its snow quality, variety of terrain, and accessibility,” noted Erik Forsell, Alterra’s Chief Marketing Officer in a media release. “We are nearly 70 days away from opening day in North America and are thrilled to jump start the ski and snowboard season by adding more premier Ikon Pass destinations for winter 2018/2019.”

This could be a huge week for what is already the most expansive season pass on the market with varying degrees of access to 413 lifts at 34 mountains and currently priced at $999.  The direct competitor is the Epic Pass by Vail Resorts, which includes skiing at 24 North American destinations with 309 lifts for $899 (the Vail Resorts owned mountains are unlimited and unrestricted while partners Resorts of the Canadian Rockies and Telluride offer seven days each.)  The Mountain Collective Pass ($449 right now) includes two days at many of the same mountains as Ikon and offers access to 194 North American lifts.  Ikon, Epic and MCP all offer additional days in the Alps, Japan, Australia and/or New Zealand.  Another offering is the Powder Alliance, a free benefit for 18 participating resorts’ season passholders to ride a combined 132 lifts across the western US and Canada.

The above Instagram post implies that six more resorts will be added to the Ikon Pass by the end of the week – one tomorrow, four on Wednesday and one more on Thursday.  Obvious candidates are Mountain Collective resorts not yet included on Ikon – Snowbasin, Sun Valley and Taos – and remaining ex-MAX Pass resorts:

  • Alyeska, AK
  • Belleayre, NY
  • Boreal, CA
  • Boyne Mountain, MI
  • Boyne Highlands, MI
  • Buck Hill, MN
  • Crystal Mountain, WA
  • Cypress Mountain, BC
  • Granite Peak, WI
  • Gore Mountain, NY
  • Lee Canyon, NV
  • Lutsen Mountains, MN
  • Mountain Creek, NJ
  • The Summit at Snoqualmie, WA
  • Wachusett, MA
  • Windham Mountain, NY
  • Whiteface, NY

Of those, groupings that could be Wednesday’s announcement are the four outstanding Boyne Resorts or the four New York resorts.  The Pacific Northwest is another emerging battleground in the season pass war with Vail Resorts’ recent purchase of Stevens Pass.  Alterra has so far invited larger destination resorts onto Ikon and the biggest outstanding mountains in order of vertical are Panorama, Whiteface, Sun Valley, Mt. Bachelor, Taos, Crystal Mountain, Red Mountain, Sun Peaks, Mt. Hood Meadows, Smuggler’s Notch, Le Massif, Alyeska and Whitefish.  Stay tuned all week for updates!

Update 8/28: Ikon announced Taos, New Mexico this morning, bringing the pass to 35 mountains with a combined 422 lifts.  Access will be 7 unrestricted days or 5 with blackouts for the Ikon Base pass.

Update 8/29: As expected, today is Boyne day with the addition of Boyne Highlands, Boyne Mountain, Cypress Mountain and The Summit at Snoqualmie.  39 mountains with a combined 466 lifts now participate in Ikon.  That’s approximately one in every five ski lifts in the US and Canada.  In addition, Boyne-owned Sugarloaf, Sunday River and Loon Mountain are now considered separate destinations.  Ikon passholders will get 7 days at each (5 with the Ikon Base pass.)

Update: 8/30: The final addition for the week is Niseko, Japan.  There may be more resorts coming up as the Ikon Facebook page says “Ikon Pass is known for news. Stay tuned.”