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Denver-based company acquires 2nd Utah ski resort

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Thursday, June 21, 2018 7:31 PM
Denver-based Alterra Mountain Company announced Tuesday the purchase of Solitude Mountain Resort, a 1,200-acre property in Big Cottonwood Canyon, Utah, The Salt Lake Tribune reported.

SALT LAKE CITY – A fast-growing ski resort company is buying another Utah property less than a year after it acquired a ski resort east of Salt Lake City.

The Denver-based Alterra Mountain Company announced Tuesday the purchase of Solitude Mountain Resort, a 1,200-acre property in Big Cottonwood Canyon, The Salt Lake Tribune reported.

The Solitude resort is about 25 miles southeast of Salt Lake City.

The company described the new acquisition as 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,” Rusty Gregory, Alterra’s CEO, said in a news release.

Solitude has been owned by the Deer Valley Resort in Park City since 2014. The company acquired Deer Valley Resort in August 2017, but its owners had retained the Solitude resort.

Alterra owns 12 other resorts in the U.S. and Canada, including Steamboat and Winter Park in Colorado; Squaw Valley Alpine Meadows, Mammoth Mountain, June Mountain and Big Bear Mountain Resort in California; Stratton in Vermont; Snowshoe in West Virginia; Tremblant in Quebec, Blue Mountain in Ontario; and CMH Heli-Skiing and Summer Adventures in British Columbia.

The company’s growing portfolio of ski areas is beginning to compete with ski giant Vail Resorts, which has 14 operations including Park City Mountain Resort in Utah.

Alterra is the second most expansive ski resort company in western North America, according to data from the National Ski Areas Association.

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