If you’re an avid skier or snowboarder, you may have heard of Purgatory Resort. Located in the San Juan Mountains of southwestern Colorado, it’s a popular destination for winter sports enthusiasts. But have you ever wondered who actually owns Purgatory Resort?
The History of Purgatory Resort
Purgatory Resort has a long and interesting history. It was originally founded in 1965 as “Purgatory Ski Area” by Ray Duncan, an oil executive from Texas. The resort quickly became popular with locals and tourists alike, and over the years it expanded to include more than 1,500 skiable acres.
In 2015, after 50 years of ownership by the Duncan family, Purgatory was sold to James Coleman Jr., a real estate developer from Durango. Coleman wasted no time in making improvements to the resort, investing millions of dollars in new lifts, snowmaking equipment, and other upgrades.
The Current Owners of Purgatory Resort
Today, Purgatory Resort is owned by Durango Mountain Resort LLC, a subsidiary of James Coleman Jr.’s investment company. Coleman himself serves as the CEO and Chairman of the Board for Durango Mountain Resort.
Durango Mountain Resort LLC also owns several other ski resorts in North America, including Arizona Snowbowl in Flagstaff, AZ; Sipapu Ski & Summer Resort in Vadito, NM; and Hesperus Ski Area near Durango.
What Does This Mean for Skiers and Snowboarders?
For visitors to Purgatory Resort, the change in ownership doesn’t have a significant impact on their experience. The resort continues to offer top-notch skiing and snowboarding terrain across its 1,605 acres of trails.
However, the investment from Coleman and his team has certainly improved the overall quality of the resort. New lifts offer faster access to the slopes, while snowmaking upgrades ensure that there’s always plenty of fresh powder to enjoy.
Conclusion
In summary, Purgatory Resort is currently owned by Durango Mountain Resort LLC, a subsidiary of James Coleman Jr. Coleman has invested heavily in the resort since purchasing it in 2015, and visitors can expect a top-notch skiing and snowboarding experience when they visit.