If you’re planning a ski vacation in Colorado, Steamboat Springs Resort is likely on your list of destinations. But who exactly owns this popular resort? Let’s take a closer look.
The History of Steamboat Springs Resort
Steamboat Springs Resort, often referred to simply as “Steamboat,” has been around for over 50 years. The resort began as a small ski area in the late 1950s, but grew quickly in popularity. In the 1980s, the resort underwent a major expansion and renovation, which helped establish it as one of the premier skiing destinations in Colorado.
Ownership of Steamboat Springs Resort
Steamboat Springs Resort is currently owned by Alterra Mountain Company. Alterra is a relatively new player in the ski resort industry, having been founded in 2017. However, Alterra has quickly become one of the largest ski resort operators in North America, with ownership stakes in over a dozen resorts across the continent.
Who Owns Alterra Mountain Company?
Alterra Mountain Company is jointly owned by two private equity firms – KSL Capital Partners and Henry Crown and Company. KSL Capital Partners is based in Denver and specializes in investing in travel and leisure businesses. Henry Crown and Company is based in Chicago and has interests across a variety of industries, including real estate and investments.
What Does This Mean for Steamboat Springs Resort?
As part of Alterra Mountain Company, Steamboat Springs Resort benefits from being part of a larger network of resorts. This allows for greater cross-promotion between resorts and better access to resources like marketing and technology.
However, some locals have expressed concerns about what they see as an increasing corporatization of their beloved ski town. Others worry that Alterra’s focus on profit may come at the expense of local interests.
In Conclusion
Steamboat Springs Resort is owned by Alterra Mountain Company, which is jointly owned by KSL Capital Partners and Henry Crown and Company. While this ownership structure has its advantages, some locals have concerns about the impact of corporate ownership on their community. Regardless of who owns the resort, however, one thing is clear – Steamboat Springs remains one of the premier ski destinations in Colorado.