KSL, HCC Purchase Utah Ski Resort
- Aug 23, 2017
A new entity controlled by affiliates of KSL Capital Partners and Henry Crown and Co. acquired Deer Valley Resort, a ski resort in Park City, Utah.
In July, the newly formed partnership joined Intrawest Resorts Holdings Inc., Mammoth Resorts, and Squaw Valley Ski Holdings, entering into an agreement for the acquisition. The transaction is anticipated to close prior to the upcoming 2017 to 2018 ski season.
Located at 2250 Deer Valley Drive S., Deer Valley Resort offers more than nine properties in addition to its signature collection of private homes and condos, 21 chairlifts, 101 ski runs, six bowls, 12 restaurants, 2,026 acres of alpine skiing, a ski school, children’s center, meeting and event space and an average of 300 inches of snow yearly. Typical lodge amenities include continent breakfast, resort lift ticket sales, in-resort and town shuttle services, on-site parking, concierge services, ski storage, a fitness center, Wi-Fi, game room and steam room.
“Deer Valley Resort is one of the preeminent mountain resorts in the world and is a tremendous addition to our existing portfolio. Prior to this acquisition, we were able to offer our guests exceptional experiences throughout most of North America’s major ski regions, but we did not have a resort in Utah, a state that is renowned for great skiing and mountain town life. Park City and Salt Lake skiers have always known that powder, blue skies, a huge variety of terrain, and exemplary guest service set Deer Valley Resort apart,” said David Perry, president & chief operating officer of the new joint venture, in prepared remarks.
Image courtesy of Deer Valley Resort