Alterra Mountain Co., a prominent player in the ski industry, has recently reached an agreement to acquire the Arapahoe Basin ski area in Colorado from Dream Unlimited Corp. This purchase marks Alterra’s 17th North American ski area and its third in Colorado. The company expects the transaction to be finalized later this year, pending regulatory approval. As of now, the terms of the transaction have not been disclosed.
Arapahoe Basin – A Unique Addition
Arapahoe Basin, fondly known as A-Basin, offers a distinctive experience to its visitors. Situated in Colorado, the mountain may not be among the largest ski areas in the state, but it is renowned for its advanced terrain, lengthy season, and laid-back atmosphere. It has garnered a loyal following over the years, making it an attractive acquisition for Alterra Mountain Co.
In the announcement made by Alterra, they have emphasized their commitment to preserving the unique culture of A-Basin. As part of the ownership change, Alan Henceroth, the mountain’s current chief operating officer, will continue to lead A-Basin. This decision ensures continuity and allows Alterra to benefit from Henceroth’s experience and understanding of the mountain’s authenticity.
Arapahoe Basin has been a part of Alterra’s Ikon Pass since 2019, offering limited annual access for pass holders. Alterra has reassured Ikon Pass holders that there will be no changes to their access for the remainder of the current ski season. This commitment demonstrates Alterra’s dedication to maintaining the benefits and experiences that Ikon Pass holders have come to expect from A-Basin.
Expanding Alterra’s Reach
With the acquisition of Arapahoe Basin, Alterra Mountain Co. gains a strategic foothold in Colorado, a state renowned for its ski industry. Alterra’s existing ski areas in Steamboat and Winter Park in Colorado will now be joined by A-Basin, further solidifying Alterra’s presence and influence in the region.
The acquisition of Arapahoe Basin not only expands Alterra’s portfolio but also reflects their plans for growth and investment in the ski industry. The company’s commitment to preserving the culture and authenticity of A-Basin indicates a conscientious approach to honoring the heritage of each ski area under their ownership. With each acquisition, Alterra continues to shape the landscape of the ski industry while offering unique experiences to winter sports enthusiasts.
Alterra Mountain Co.’s acquisition of Arapahoe Basin is a significant move that strengthens their position in the ski industry. By adding A-Basin to their portfolio, Alterra gains a mountain with a devoted following and a distinct appeal. The company’s commitment to preserving the mountain’s culture, as well as its continued collaboration with the current chief operating officer, assures A-Basin’s loyal skiers and riders of an authentic experience in the years to come. This acquisition expands Alterra’s reach in Colorado and reinforces their dedication to providing exceptional skiing opportunities to winter sports enthusiasts.
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