Tuesday Sep 27 2011
Squaw Valley, Alpine Meadows combining ownership, services for coming ski season
Squaw Valley and Alpine Meadows Ski Resort are combining operations under common ownership and will offer season passes and lift tickets that will allow guests to ski and ride on both mountains. The transaction is expected to close prior to the commencement of the 2011-12 winter season, officials said in a press release. “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 who will also become CEO of the new Squaw-Alpine venture. “As a long-time skier with a family dedicated to Tahoe, I’m excited to bring these two remarkable resorts together and we agree that a key element of success is maintaining each resort’s character,” said Todd Chapman, president and CEO of JMA Ventures, owner of Alpine Meadows. As part of the transaction, an investment affiliate of JMA Ventures will convert its ownership of Alpine Meadows into partial ownership of the combined company. KSL Capital Partners LLC, the owner of Squaw Valley, will be the majority owner of the combined company. The companies also announced a new dual mountain season pass and six-day card. The new Tahoe Super Pass starts at $439 for adults, with the unrestricted adult pass available for $799, providing unlimited skiing and riding at both resorts for winter 2011-12. The new Tahoe Super Six is $399 for adults and provides six unrestricted days of skiing and riding for the 2011-12 season. Squaw Valley and Alpine Meadows also offer added value for all of their existing passholders (Gold, Silver and Bronze passes at Squaw, and Unfiltered, Slightly Filtered and Filtered passes at Alpine Meadows) for winter 2011-12, officials said. 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. Respective day of week and date restrictions will apply for previously purchased season passes. KSL 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. Alpine Meadows also will see a substantial investment, officials said. The closing of the transaction is subject to U.S. Forest Service and the California Tahoe Conservancy approval. ~ Staff report ----------- Squaw Valley and Alpine Meadows ski passes For more information, see www.squaw.com or call Squaw Valley Resort & Activity Sales Department 1-800-403-0206. Those who previously purchased both a Squaw and Alpine pass or who have other questions regarding their existing pass can call 1-800-403-0206 or visit www.squaw.com.