Arapahoe Basin was sold for $105 million.
The Acquisition of Arapahoe Basin
The popular Colorado ski area, Arapahoe Basin, was acquired by Alterra Mountain Company in a deal worth $105 million. This significant transaction was officially finalized and closed in November 2024.
The sale process involved a thorough review by the U.S. Department of Justice (DOJ). This investigation, a standard procedure for major corporate acquisitions, was conducted to ensure the deal would not negatively impact market competition. Despite the regulatory scrutiny, the acquisition, which was initially announced in February 2024, successfully proceeded to closing.
Key Aspects of the Deal
The purchase of Arapahoe Basin expands Alterra Mountain Company's already extensive portfolio of ski resorts, further solidifying its position as a major player in the North American ski industry. This acquisition reflects the ongoing trend of consolidation within the resort sector, aimed at offering skiers and snowboarders broader access through unified pass products.
Here’s a summary of the key details regarding the sale:
| Aspect | Detail |
|---|---|
| Purchaser | Alterra Mountain Company |
| Sale Price | $105 million |
| Closing Date | November 2024 |
| Initial Announcement | February 2024 |
| Regulatory Oversight | U.S. Department of Justice (DOJ) for antitrust review |
| Market Impact | Contributes to the consolidation trend in the ski industry, influencing multi-resort pass offerings like the Ikon Pass. |
This strategic move by Alterra Mountain Company underscores the dynamic landscape of the ski industry, where investments often target enhancing infrastructure, expanding amenities, and integrating resorts into larger, more interconnected networks for improved visitor experiences.
