The rumor that has been percolating in the resort industry all summer was finally confirmed on Sept. 27, 2011, as Squaw Valley and Alpine Meadows Ski Resort announced that the two North Lake Tahoe ski resorts “have agreed to combine operations.”
The two areas will be owned and operated by a new parent company called Squaw Valley Ski Holdings. According to the Associated Press, Squaw Valley owner KSL Capital Partners LLC will become the majority owner of the new company, while JMA Ventures, which owns Alpine Meadows, will have an ownership stake.
The combination of the two resorts will include over 6,000 acres of varied terrain spread across eight Sierra Nevada mountain peaks, which last winter exceeded 800 inches of snowfall. Located on the North Shore of Lake Tahoe, California, the two resorts are less than a ten-minute drive from each other.
“Combining Alpine Meadows and Squaw Valley will provide our guests something truly remarkable–a mountain experience unmatched in California, inclusive of expansive and family friendly terrain,” said Andy Wirth, president and CEO of Squaw Valley. Wirth will become president and CEO of the new combined entity of Squaw Valley and Alpine Meadows.
The transaction is expected to close prior to the commencement of the 2011-12 winter season. Terms of the deal were not disclosed.
The companies also announced a new dual mountain season pass and six day card. The all new Tahoe Super Pass will be available starting at $439 for adults, with the unrestricted adult pass available for $799.
Send your WinterSports news to Peter Kray at email@example.com. Subscribers can also post WinterSports news releases directly to the SNEWS website. Email us at firstname.lastname@example.org to learn about posting your own news releases, getting your WinterSports headlines, or with any other questions or comments.