Who is buying one of Colorado’s most beloved ski resorts?

Who is buying one of Colorado’s most beloved ski resorts?

Alterra Mountain Company is set to acquire Arapahoe Basin, one of Colorado’s most loved ski resorts. The parent organization of the Ikon Pass revealed this news on Monday (2/5), stating that Arapahoe Basin is already part of the Ikon Pass with restricted access. The sale is anticipated to be finalized in the coming months, and it is expected that the 2023-2024 Ikon Pass will remain unaffected by this acquisition. One thing that’s not changing is the face at A-Basin’s helm. Chief Operating Officer Alan Henceroth has been a staple at the ski area for the last 36 years, and Alterra announced that he will stay put, continuing to manage daily operations and the direction of future capital improvements.

“A-Basin has a long-time and loyal following among skiers and riders in Colorado and we care deeply about the culture of A-Basin that brings them back,” Henceroth said in a press release. “We have worked with Alterra Mountain Company since 2019 when we joined the Ikon Pass community, and we have every faith that Alterra is committed to helping us maintain A-Basin’s authenticity.”

A-Basin is known for its expert terrain and non-corporate vibe.

The addition of Arapahoe Basin will bring Alterra’s portfolio to 18 year-round mountain destinations throughout North America. The transaction is expected to close later in 2024, and is subject to certain closing conditions, including regulatory approvals. Terms of the transaction were not disclosed. More details will be released once the transaction has closed.

Read the full announcement here.