A newly formed resort company controlled by affiliates of KSL Capital Partners, LLC and Henry Crown announced this week the completion of its previously-announced acquisition of Deer Valley Resort.
This newly formed company previously included an impressive portfolio of 13 resorts including Canadian Mountain Holidays, Squaw Valley, Alpine Meadows, Mammoth Mountain Ski Area, Snow Summit, Bear Mountain and June Mountain in California. Considering Deer Valley is already a prominent ski destination that has revolutionized the ski industry with first-class service and a 5-star setting, including 21 chairlifts, 101 ski runs, 12 restaurants and an annual average of 300 inches of powder, the acquisition was a natural choice.
“We could not be more pleased that Deer Valley Resort will be part of our new company, and we look forward to working with the staff and Park City community to carry on the traditions that make it so special,” said David Perry, president and chief operating officer of the new joint venture. He further noted that the transaction “enhances the opportunities we are able to provide for our guests, our employees and our communities.”
Deer Valley Resort’s current president and COO, Bob Wheaten (who will remain) said of the acquisition, “Joining this impressive portfolio of resorts is a big step forward in the future of Deer Valley Resort. It will enable the resort to build upon its time-honored traditions while further enhancing the overall experience.”
With a new brand launch expected to kick off prior to the season, the 2017-18 ski season is expected to be one of the best yet as the resort moves under The Company’s umbrella. Laced with luxury accommodations and endless activities, guests are expected to be more than pleased with the change. Deer Valley Resort will honor the existing passes and prices that are currently on sale for the 2017-18 winter season.