Schweitzer Mountain, Idaho. Photo: Ski Idaho
Idaho’s largest ski area, Schweitzer, is being acquired by Alterra Mountain Company.
The cult resort in the Pacific Northwest brings Alterra”s North American portfolio to 17 year round mountain destinations.
Shweitzer is in the Selkirk Mountains accessed from nearby city of Spokane and serviced by the sweet mountain town of Sandpoint. Skiers and boarders get access to 2900 acres of big mountain terrain with vistas across Idaho, Washington, Montana and Canada.
“With an incredible mountain in one of the most beautiful settings in the country and a world-class operating team, Schweitzer has everything we look for in a destination,” said Jared Smith, President & CEO, Alterra Mountain Company.
“The mountain has been a valued partner on the Ikon Pass for several seasons, so we’ve been able to see the exceptional team, community, and opportunities for continued investment up close.”
Tom Chasse, who has been with Schweitzer since 2006 will stay on as President and CEO. He will continue to oversee daily operations of the destination as well as future capital improvement plans, which include the development of the new Schweitzer Creek Village portal, adding approximately 1,400 additional parking spots with easy access to the new Creekside Quad lift. Eventually, Schweitzer Creek Village will also be home to a new day lodge and other skier amenities.
“Since becoming an Ikon Pass partner in 2021, we’ve had the good fortune of learning how Alterra Mountain Company has quickly evolved into an industry leader,” said Tom Chasse, President and CEO of Schweitzer.
“The company’s commitment to preserving the authenticity of their mountain communities while investing in the overall mountain experience is what we’re most looking forward to as the newest member of the Alterra family.”
In the last decade, Schweitzer has invested over $100M in capital to fortify itself as a premier destination in the Pacific Northwest, including terrain expansion and new lifts, a new on-mountain lodge, Sky House, and Humbird, a 31-unit boutique hotel in Schweitzer’s village.
The MKM Trust, which has been the owner and developer of Schweitzer for the past 18 years, will retain non-ski operations and real estate holdings, and will continue to lead future real estate development projects that support the vibrancy of the Schweitzer community.
There are no changes to Ikon Pass 23/24 winter access at this time.
The transaction is expected to close later in 2023, and is subject to certain closing conditions, including regulatory approvals. Terms of the transaction were not disclosed. More details will be released once the transaction has closed.
Source link : https://www.snowsbest.com/alterra-mountain-company-ikon-pass-acquire-shweitzer-idaho/?amp=1
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Publish date : 2023-06-02 03:00:00
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