Powdr Corp., which owns a number of ski resorts within the U.S. and Canada, is promoting Vermont’s Killington Resort and Pico Mountain, the most important mountain resort in New England, to a gaggle of native passholders, the corporate mentioned Thursday.
Powdr additionally mentioned it plans to record three different resorts on the market within the coming weeks: Eldora, in Colorado; Mt. Bachelor, in Oregon; and SilverStar, in British Columbia.
The Salt Lake Metropolis-based firm will hold Copper Mountain, in Colorado, and Snowbird in Utah, she mentioned. It goals to steadiness its ski enterprise with its two concession contracts within the Nationwide Parks and operations of Woodward camps and mountain facilities, spokesperson Stacey Hutchinson mentioned by electronic mail.
Killington mentioned the acquisition by native traders represents “a dedication to preserving Killington and Pico within the palms of those that know and adore it.” The brand new homeowners will concentrate on capital funding, group engagement and sustainability, the resort mentioned.
Powdr purchased Killington in 2007. The ski space for years has been one of many stops on the FIS Alpine Ski World Cup tour. Powdr will retain a minority possession stake and have a seat on the board of administrators, it mentioned.
“We’ll miss your entire group there however can not wait to see the wonderful issues that lie forward,” Hutchinson mentioned. “The brand new homeowners, who’re locals with a deep love for the mountain, share our dedication to the resort’s long-term success.”
Killington mentioned its grateful for Powdr’s stewardship through the years, with enhancements to infrastructure, snowmaking capabilities, and year-round progress.
“We imagine that native possession will permit us to be much more aware of the wants and needs of our group and company,” mentioned Mike Solimano, Killington’s president and basic supervisor.
Killington and Pico will stay on the favored Ikon ski cross, Killington mentioned. There will likely be no adjustments to the management or administration, it mentioned.
Powdr beforehand owned Alpine Meadows, now referred to as Palisades Tahoe, in California, from 1994 to 2007; Lee Canyon, in Las Vegas, from 2003 to 2023; and Park Metropolis Mountain in Park Metropolis, from 1994 to 2014, in response to Hutchinson.
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