PARK CITY, Ut. — The now-infamous solar eclipse took a back seat to other news in Utah Monday with Deer Valley Resort being acquired by the up-and-coming and currently unnamed goliath KSL/Aspen investment joint venture.
Previously co-owned Solitude Resort is to remain independent.
According to The Salt Lake Tribune, Deer Valley Resort was purchased by the as-yet unnamed company that in the past year has made a string of big acquisitions that have largely reshaped the ski industry. In addition to Deer Valley, the unnamed company’s holdings now include the entire Aspen portfolio, Squaw Valley, Alpine Meadows, Mammoth Mountain, June Mountain, Big Bear, Snow Summit, among others.
Terms and exact financial figures for the sale were not disclosed as of press time.
Deer Valley spokesperson Emily Summers made clear in a statement that the resort’s legendary (and sometimes contentious) policy of being a skier’s-only area will not change, nor will the pass structure for the 2017/2018 winter season.
“Functionally, nothing is going to change,” Deer Valley President and GM Bob Wheaton told the Tribune. “This transaction puts the resort in a strong position to continue to grow as part of a portfolio of 12 other outstanding resorts.”
President and Chief Operating Officer of the as-yet unnamed KSL/Aspen joint venture David Perry told The Tribune that the buy-out will further allow his company to provide a world-class product to skiers and riders. “Prior to this acquisition, we were able to offer our guests exceptional experiences throughout most of North America’s major ski regions, but we did not have a resort in Utah, a state renowned for great skiing and mountain town life.”
In the aftermath of the sale, many are speculating about whether the company will soon offer an all-inclusive pass to rival Vail Resorts’ Epic Pass. But for now, both Wheaton, Perry and other stakeholders are remaining tight-lipped over the possibility.
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