Silver Mountain Resort is one of the most popular ski resorts located in Kellogg, Idaho. Many people flock to this resort every year to enjoy skiing, snowboarding, and other winter sports. However, despite its popularity, some people are still unsure about who owns Silver Mountain Resort.
The Ownership Structure of Silver Mountain Resort
Silver Mountain Resort is owned by a company called JELD-WEN Holdings Inc. JELD-WEN is a private company that specializes in manufacturing and selling doors and windows. The company was founded in 1960 and has its headquarters in Charlotte, North Carolina.
JELD-WEN acquired Silver Mountain Resort in 2014 from an investment group led by a real estate developer named Jon Underhill. Underhill had owned the resort since 2002 and had made significant improvements to it during his ownership. However, he eventually decided to sell the resort to JELD-WEN because he believed that the company had the resources and expertise necessary to take the resort to the next level.
The Benefits of JELD-WEN’s Ownership
Since acquiring Silver Mountain Resort, JELD-WEN has invested heavily in improving the resort’s facilities and amenities. For example, the company has built new lodges, added new ski lifts, and expanded the terrain park. These improvements have helped attract more visitors to the resort and have made it a more enjoyable experience for guests.
JELD-WEN’s ownership has also brought financial stability to Silver Mountain Resort. The company has deep pockets and can afford to invest in expensive projects that might not be possible for smaller owners. This financial stability has allowed Silver Mountain Resort to weather economic downturns better than many other ski resorts.
- New Ownership Brings New Opportunities: The acquisition of Silver Mountain Resort by JELD-WEN has brought new opportunities for growth and expansion.
- Investment in Facilities: JELD-WEN has invested heavily in improving the resort’s facilities and amenities.
- Financial Stability: JELD-WEN’s ownership has brought financial stability to Silver Mountain Resort, allowing it to weather economic downturns better than many other ski resorts.
The Future of Silver Mountain Resort
JELD-WEN’s ownership of Silver Mountain Resort has been a positive development for the resort and its visitors. The company has invested heavily in improving the resort’s facilities and amenities, making it a more enjoyable experience for guests. Additionally, JELD-WEN’s deep pockets have provided financial stability to the resort, allowing it to weather economic downturns better than many other ski resorts.
Looking ahead, there is reason to be optimistic about the future of Silver Mountain Resort. The resort is well-positioned to continue growing and expanding under JELD-WEN’s ownership. With its prime location in Kellogg, Idaho, and its excellent facilities, it is sure to remain a popular destination for skiers and snowboarders for years to come.
In Conclusion
In conclusion, JELD-WEN Holdings Inc. owns Silver Mountain Resort. This private company acquired the resort in 2014 from an investment group led by Jon Underhill.
Since then, JELD-WEN has invested heavily in improving the resort’s facilities and amenities while providing financial stability that allows it to weather economic downturns better than many other ski resorts. With JELD-WEN’s deep pockets and commitment to growth, Silver Mountain Resort is well-positioned for a bright future.