After the recent news of Vail Resort's massive acquisition of Okemo Mountain, Vermont, Mount Sunapee, New Hampshire, Crested Butte, Colorado, and Stevens Pass, Washington. Alterra Mountain Company has just announced today that it has entered an agreement to purchase Solitude Mountain Resort, Utah for an undisclosed sum.
This latest acquisition brings Alterra Mountain Company's total up to 13 year-round mountain destinations and fits nicely with Alterra's current Utah resort, Deer Valley.
"With its close relationship with Deer Valley Resort, Solitude Mountain Resort is a natural fit for Alterra Mountain Company and a tremendous addition to our family of destinations. We are especially excited to expand our reach within Utah and offer another ski and snowboard experience in a state known for its exceptional snow and mountain culture," said Rusty Gregory, Chief Executive Officer, Alterra Mountain Company.
Solitude Mountain Resort is located just over 30 miles from the Utah hub, Salt Lake City, and offers riders over 70 runs with a vertical drop of just over 2,000 feet. The transaction is expected to close by the end of September, however, unlike with the resorts in Vail's recent mega-acquisition, Solitude is not yet slated to be included in the 2017/18 IKON Pass.
As mentioned before, sit down and buckle your seatbelts. This land grab battle is only getting started and we are sure to see many more acquisitions on both sides of the table before long.