Squaw Valley and Alpine Meadows Join Forces

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Publish Date

09/27/2011

SAM Magazine--September 27, 2011--Squaw Valley and Alpine Meadows Ski Resort, Calif., announced today that the two North Lake Tahoe ski resorts have agreed to combine operations under common ownership and offer season passes and lift tickets that will allow guests to enjoy skiing and riding on both mountains. The transaction is expected to close prior to the commencement of the 2011-12 winter season. Andy Wirth, president and CEO of Squaw, will take the helm as the president and CEO of the new combined entity of Squaw Valley and Alpine Meadows.

As part of the transaction, an investment affiliate of JMA Ventures (JMA), will convert its ownership of Alpine Meadows into partial ownership of the combined company. KSL Capital Partners, LLC (KSL), the owner of Squaw Valley, will be the majority owner of the combined company. Both owners have a deep commitment to the two resorts and to the Tahoe region. KSL, as part of its acquisition of Squaw Valley, has earmarked $50 million in capital improvements to Squaw Valley over the next three to five years, many of which will be apparent this winter. The closing of the transaction is subject to US Forest Service and the California Tahoe Conservancy approval. JMA will continue to independently own and operate Homewood Mountain Resort.

All of these passes previously purchased at Squaw or Alpine for winter 2011-12 will become valid for skiing and riding at both mountain resorts.

Comments

Hum

Old spider got tangled in the black web that he spun.

Back off Hater

Hey Hater,
I work at squaw and Andy has always been super nice to me. Stop being a hater unless he has actually done something to you personally. He's a pretty nice guy.

Bigger Resort = More Deception & Bigger Ego

So now by joining the 2, Andy Wirth has 2 teams of employees he can manipulate, cheat and lie to.

all that, and he gets to pump up his already gigantic ego even further. I saw the announcement as sent by Squaw. You'd think that with the merger of 2 fine ski resorts, there would be a plethora of images that they could have used to convey the value of the new resort entity. What do they show? A picture of Andy. I guess he thinks people actually care about him more than the snow. Good luck Squaw / Alpine employees - you're gonna need it.

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