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SKI AREA MANAGEMENT 2001 Snoqualmie for $170 million. Boyne USA Big Tupper, N.Y., leased to Adirondack Big Tupper Ski Area, Pa., bought by local sam takes over management of Loon and Residents Intent on Saving Their Economy Telluride, Colo., sold to Morita Investments SPONSORED BY investors Snoqualmie; Booth Creek retains American Skiing Company International Le Massif, Que., takes on 10% investor, RCR closes Fortress Mountain, Alberta management of Northstar and Sierra, ASC merger with Meristar falls through, Guy Laliberte Booth Creek Red Mountain, B.C., bought by Howard and continues to own Cranmore and Les Otten resigns, BJ Fair takes over as Magic Mountain, Vt., starts program for Katkov Waterville Valley Boyne USA CEO locals to buy in Mountain High buys neighboring Alyeska Resort, Alaska, sold to local Peak Resorts buys Mad River Mountain, Yellowstone Club, Mont., sold to Cross CNL Lifestyle Properties Ski Sunrise for $375,000 investor Ohio Harbor Capital Partners Apollo Ski Partners bow out of Vail, sell Tenney Mountain not to open Intrawest/Fortress Mt. Bachelor, Ore., sold to Powdr for $4.5 The operators of Ski Denton, Pa., lease SKI AREA OWNERSHIP controlling stock Hidden Valley, Wisc. reopens under new million Swain, N.Y. Peak Resorts Seven Springs to run Laurel Mountain, Pa. ownership ASC sells Sugarbush to Summit Ventures Sleeping Giant, Wyo., reopens as non-profit Tamarack, Ida., opens Powdr Corp. NE, Inc. 2007 Blackjack, Mich., sold to investor Red Mountain, B.C. sold to real estate Elk Meadows, Utah, sold at auction for TIMELINE 1993—2011 Resorts of the Canadian Rockies Intrawest/Fortress buys Steamboat Moonlight Basin files for bankruptcy group $1 million Springs, Colo., for $239.1 million Elk Meadows, Utah, sold at auction for $1.6 CNL acquires the Intrawest villages at Vail Resorts Temple Mountain, N.H. closes million; reopens as Eagle Point Blue Mtn., Copper, Mammoth, Snowshoe, Haystack, Vt., project put on ice Tenney Mountain, N.H. auctioned Stratton and Whistler for $75.7 million Brighton, Utah, sold to CNL by Boyne USA Powdr Corp. purchases Copper Mountain, 1993 1996 ASC acquires Heavenly Valley, Calif., and Schweitzer Mountain, Ida., sold to Harbor for $35 million Colo. Steamboat Springs, Colo. Properties for $18 million 2002 Lester Crown Family gains full ownership LBO Resort Enterprises buys S-K-I for 2005 ASC sells Mount Snow and Attitash to Peak AIG sells Stowe, Vt., to Chartis Maple Valley, Vt., reopens Intrawest signs operating agreement for of Aspen Skiing Company, comprised of $104 million, plus debt of $40 million Skiing Louise Group purchases Fernie ASC sells Haystack to local investors for Resorts for $73.5 million Aspen, Snowmass and Buttermilk Snow Valley Ski Resort Winter Park, Colo. Intrawest buys one-third interest in Intrawest buys 50 percent of Blue $5 million; to become a private club ASC sells Killington/Pico to SP Land 2010 Mountain, Ont. ASC signs agreement to sell Steamboat Aspen Highlands sold to Gerald Hines Mammoth and June, Calif. Booth Creek purchases Loon Mountain, N.H. Mountain High sold to Valor Equity Company (with Powdr as partners) for Intrawest sells Panorama, B.C., to newly- Springs to Triple Peaks, a group headed by Victoria USA sells Breckenridge to Mad River Glen, Vt., sold to co-op of loyal Vail sells Arapahoe Basin to Dundee Realty Silver Creek Holding Company Inc., Partners and GM Karl Kapuscinski $83.5 million formed Panorama Inc. purchases Berthoud Pass, Colo. Tim and Diane Mueller Ralston Purina, owners of Keystone and customers for $2.5 million from Betsy for $4 million Dundee Realty purchases Bear Valley, Powdr Corp. sells Alpine Meadows to JMA Tim Cohee buys Sierra Summit, Calif., and ASC delisted Arapahoe Basin Pratt Peak Resorts is born with the addition of Pine Mountain, Mich., closes Calif. Ventures renames it China Peak ASC sells Heavenly, Calif., to Vail Resorts Powderhorn, Colo., sold to Marofuku for Magic Mountain, Vt., bought by Glebe Paoli Peaks, Ind., to Hidden Valley and ASC gets Oak Hill Capital Partners as Camelback Ski Corp., sold to local Boyne USA buys Sunday River and Mountain Creek, N.J., sold by Intrawest to for just under $100 million; cancels $6.25 million Mountain Ski Associates Snow Creek, Mo. investors. $150 million for a 48.5 percent entrepreneur Arthur B. Berry Sugarloaf, Me., from ASC for $77 million Crystal Springs stake Steamboat sale Fibreboard purchases Sierra Ski LBO/S-K-I sale complete. American Skiing Magic Mountain, Vt., to reopen Peak Resorts takes over operations at Ragged Mountain, N.H., sold to RMR-Pacific Jiminy Peak group purchases Cranmore, Searchmont Ski Area, Ont., sold to Jack Ranch, Calif. Fibreboard already owned Company is born: Killington, Mount Mason Dwinell buys Bolton Valley, Vt. RCR buys Mont Sainte-Anne, Que. Jack Frost/Big Boulder in Pennsylvania for $10 million N.H. Northstar-at-Tahoe Snow, Haystack, Sugarbush, Attitash, McDermott ASC goes public to acquire Steamboat and HooDoo Ski Area, Ore., sold to Chuck Mammoth Mountain and June, Calif., sell ASC announces sale of The Canyons to Snowy Range, Wyo., sold to local couple Mt. Cranmore, Waterville Valley, Sunday Snow Summit purchases Big Bear, Calif. Ski Hawksnest, N.C., sold to Leonard Cotton Heavenly for $288.3 million Shepard majority interest to Starwood Capital Talisker, but deal held up in lawsuits Cannonsburg, Mich., sold to James Wynn River and 51 percent of Sugarloaf Peak Resorts to reopen Crotched Ascutney, Vt., sold to the Plausteiner Snowtime Inc., picks up Whitetail, Pa., Group Global LLC for $365 million. CEO CNL buys Sugarloaf and Sunday River, Me., Baker County takes over Ski Anthony, Ore. family for $1.1 million out of bankruptcy Boyne USA buys Crystal Mountain, Wash. at auction Mountain, N.H. Rusty Gregory also has stake 1998 from Boyne USA for $76.5 million. Boyne to Teton Pass, Mont., sold to Nick Wood Angel Fire Resort, N.M., bought out of Vail Associates buys Keystone, Brecken - Lookout Pass, Ida., sold to Lookout Magic Mountain, Vt., sold at auction Snow Time, Inc., sold Windham Mountain, manage resorts Jay Peak, Vt., bought by Lifestyle Resorts Booth Creek sells Waterville Valley to the Chapter 11 by a group of Kansas City ridge and Arapahoe Basin for $310 million Associates Le Massif, Que., sold to former Cirque du N.Y., to a group of local investors from Mont Saint Sauveur International CNL buys Mountain High, Calif., for $45 Sununu family investors George Gillett and Booth Creek Partners Doe Mountain, Pa., sold to the Jaffe Group Soleil president Ginn Company buys Burke Mountain from million Intrawest buys Vernon Valley/Great Gorge, Peak Resorts acquires Wildcat, N.H. Killington (S-K-I) attempts to buy Pico, but buy Waterville Valley and Mt. Cranmore, which eventually becomes Mountain Creek Tenney Mountain, N.H., sold to snowmaker Burke Mountain Academy Hidden Valley, Pa., sold to local investor not successful N.H., from American Skiing Company Snow Magic Vail Resorts to manage Northstar-at-Tahoe Okemo leases Sunapee, N.H., from state 2000 Affiliate of JMA Ventures, LLC buys Gillett and Booth Creek buy Fibreboard for Peak Resorts buys Boston Mills/ Tamarack, Ida., files bankruptcy Mt. Tom, Mass., closes after 38 years Jiminy Peak buys Brodie Mountain, Mass., 2006 Red Lodge Mountain Resort, Mont. 1994 $127 million, including Bear Mountain, for tubing Brandywine, Ohio Peek ‘n Peak, N.Y., sold to Kiebler CNL buys the village at Northstar-at- Ascutney, Vt., closes Sierra-at-Tahoe and Northstar-at-Tahoe, Yellowstone Club, Mont., to open with lifts LBO Holdings, headed by Les Otten, Monarch, Colo., sold for $5 million to local Whistler Blackcomb Holdings raises for the 1998-99 season Mount Waterman Acquisition Holdings, Inc. Recreation LLC Tahoe, Calif., for $36.1 million reaches agreement to become primary Calif. buys Mount Waterman and Snowcrest, investment group Silverton, Colo., opens for unguided skiing, Revelstoke, B.C. opens CDN$300 million in IPO to acquire 75% Shawnee Mountain, Pa., sold to Anthony Lake Mountain Resort, Ore., sold investor in Attitash Calif. up to 475 people per day stake from Fortress Nick Fredericks to group of locals Little Switzerland, Wisc. closes Powdr Corp. buys stock of Alpine Meadows Laurel Mountain, Pa., reopens after 10 2003 Mount Washington/Bretton Woods sold to Karl Kapuscinski acquires all of Monarch Ski Resort, Colo., sold to Swain Ski Area, N.Y., sold to Ski and Tuxedo Ridge, N.Y., formerly Sterling Forest, of Tahoe, owners of Alpine Meadows, Calif., years Pine Ridge Ski Area, Mass., closes Celebrations Associates and then to CNL Mountain High, Calif., management contract and Park City, Utah Kennedy-Wilson International Snowboard Area Management LLC bought by a development company Mont Saint Sauveur International Berthoud Pass, Colo., closes Income Properties, Inc. for $45 million Tenney Mountain, N.H., auctioned to Mont Ste. Anne, Que., sold to Texas-based Intrawest acquires Copper Mountain, Colo., Charlie Locke of Resorts of the Canadian Government takes over Mont Orford, Que. existing investor; still closed purchases Edelweiss Valley, Que. Saddleback Ski Area, Maine, sold to CNL buys Cypress Mountain, B.C., from golf developer and Whistler, B.C. Rockies (RCR) buys Stoneham Resort, Que. George Gillett leaves Booth Creek and Archie Berry Boyne USA for $27.5 million KSL buys Squaw Valley, Calif. S-K-I buys controlling interest (51 percent) Booth Creek acquires the four areas at Booth Creek slated to buy Seven Springs, 2008 buys Grand Targhee, Wyo., for $11 million Charlie Locke at RCR steps down from Homewood Mountain Resort, Calif., in Sugarloaf Mountain and Haystack, Vt. Snoqualmie, Wash. Pa., but held up by family lawsuits Mt. Waterman, Calif., reopens Kicking Horse Mountain Resort, B.C. is head position sold to JMA Ventures for between $60 and 2011 S-K-I acquires Waterville Valley for Spicy Run, Ohio, opens Craigmeur Ski Area and Belle Mountain, $65 million Tamarack, Ida., files for bankruptcy born Moonlight Basin, Mont. opens Brian and Tyler Fairbank take over $9.4 million N.J., close Mt. La Crosse, Wisc., sold to employee Seven Springs sold to the Nutting family Talisker buys The Canyons for $100 million management at Bromley, Vt. Shu-Maker Mountain, N.Y., closes Powdr Corp. buys the Las Vegas Ski and Intrawest buys Stratton from Victoria 1997 Mont Saint Sauveur International sells Todd Schini Snowboard Resort The DeBoer family gets full ownership of Peak Resorts to go public Intrawest signs deal to develop Squaw Cortina Valley reopens under new Mont Saint Sauveur International buys Oak Hill takes control of the ASC board Brundage, Ida. Jay Peak to a group of investors led by Lehman Bros. takes ownership of Mont Olympia and Mont Gabriel, Que. Valley base village ownership president Bill Stenger Burke Mountain Academy buys Burke 2004 Fortress Investment Group buys 100 Moonlight Basin, Mont. Shawnee Peak, Maine, purchased by Chet Killington acquires Pico Temple Mountain, N.H., reopens percent of Intrawest for $2.8 billion Charlie Locke acquires 50 percent of Lake Mountain Jiminy sells Brodie to real Powderhorn, Colo., sold at auction for $1.4 Homer Smugglers’ Notch, Vt., purchased by Magic Mountain, Vt., reopens under new Louise ASC tries to merge with Meristar Hotels estate developer Montage, Pa., bought by Sno Mountain LLC million to Andy Daly and Ken and Tom Gart William Stritzler management and Resorts and become Doral for $4.1 million CNL acquires Okemo, Vt., Sunapee, N.H., Tim Woods buys Woods Valley, N.Y. Tim and Diane Mueller of Triple Peaks buy and Crested Butte, Colo., from Triple Peaks 1995 Vail ordered to divest of Arapahoe Basin Blacktail Mountain Ski Area, Mont., opens International, Inc. Les Otten to be Mt. Norquay, Alberta, purchased by Crested Butte, Colo. for $132 million. Triple Peaks to manage Little Switzerland, Wisc. sold to local and LBO Holdings purchases by June chairman; BJ Fair to be COO investment group Mission Ridge, Wash., sold to local resorts reopens in 2011 Cranmore, N.H. Booth Creek acquires Grand Targhee, Wyo. 1999 Donner Ski Ranch sold to Arizona Acreage businessmen Snow Ridge Ski Area, N.Y., sold to local Peek ‘n Peak, N.Y., sold to Scott Dev’t for Fibreboard buys Bear Mountain for $20 ASC signs letter of intent to purchase Bolton Valley, Vt., purchased by Ned Hamilton LLC for $10 million investor Telluride gets joint-venture partners: 2009 $11.3 million in bankruptcy sale million from S-K-I Wolf Mountain, Utah High West Group LLC buys Powderhorn, Mt. Abram Ski Resort, Me., sold for Powder Ridge, Conn., closes Chuck and Chad Horning CNL acquires Jiminy Peak, Mass., for $27 Intrawest buys Snowshoe, W.V. Mountain High, Calif., sold to investment Colo. $325,000 at auction SAM ’s Ski Area Ownership Timeline can be Silverton, Colo., can host 80 people per CNL Income Properties buys four of Booth million. Jiminy Peak to be run by existing Northern Star Ski Corp. acquires Burke group Ski Homewood, Calif., sold to investment found on-line at www.saminfo.com. For Skyline Ski Area, Wisc., closes day, guided Creek’s ski areas: Northstar-at-Tahoe, management Mountain, Vt., for $1 million group Sierra-at-Tahoe, Loon, Summit-at- changes, corrections and additions, please Hidden Valley, Wisc. closes Gray Rocks, Que., closes e-mail [email protected].