Sun Valley Ski Resort is one of the most popular ski destinations in the United States. Known for its luxurious amenities and picturesque mountain views, it has become a favorite among skiers and snowboarders alike.
But have you ever wondered who owns this world-renowned resort? Let’s take a closer look.
The History of Sun Valley Ski Resort
Sun Valley Ski Resort was founded in 1936 by Averell Harriman, the chairman of Union Pacific Railroad at the time. Harriman saw an opportunity to boost tourism in the area by creating a ski resort that would attract visitors from all over the world. He hired Austrian ski instructor Hannes Schneider to design and oversee the construction of the resort, which included a lodge, ski runs, and ski lifts.
The Ownership of Sun Valley Ski Resort
Today, Sun Valley Ski Resort is owned by a company called Alterra Mountain Company. Alterra Mountain Company is a Denver-based organization that owns and operates several other ski resorts across North America.
It was created in 2017 when KSL Capital Partners acquired Intrawest Resorts Holdings, which owned several ski resorts including Steamboat Ski Resort and Winter Park Resort. In 2018 Alterra Mountain Company acquired Solitude Mountain Resort and Deer Valley Resort.
Who Owns Alterra Mountain Company?
Alterra Mountain Company is not publicly traded so it’s not possible for individual investors to purchase shares in the company. The company is owned by KSL Capital Partners and Henry Crown and Company.
KSL Capital Partners is a private equity firm that invests in travel and leisure businesses such as hotels, resorts, clubs, and wellness facilities around the world. Some of their other investments include Miraval Group, ClubCorp Holdings Inc., and Squaw Valley Alpine Meadows.
Henry Crown and Company is a Chicago-based investment firm that has interests in several industries including real estate, oil and gas, and transportation. The company has been involved with the ski industry for many years and owns a significant stake in Aspen Skiing Company.
Conclusion
In conclusion, Sun Valley Ski Resort is owned by Alterra Mountain Company which is owned by KSL Capital Partners and Henry Crown and Company. While the ownership structure of the resort may have changed over the years, one thing that remains constant is its appeal to skiers and snowboarders from all over the world. With its breathtaking mountain views and luxurious amenities, it’s no wonder why Sun Valley Ski Resort continues to be one of the most popular ski destinations in North America.
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