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Alterra Mountain Company Closes on Crystal Mountain Resort in Washington

October 1, 2018

DENVER--(BUSINESS WIRE)--Oct 1, 2018--Alterra Mountain Company announces that it has closed on the purchase of Crystal Mountain Resort in Washington, which brings the company’s total to 14 year-round mountain destinations throughout North America, including the world’s largest heli-skiing operation.

“With the acquisition of Crystal Mountain Resort, we are able to offer the Ikon Pass community a true big mountain experience in the Pacific Northwest at Washington’s premier destination,” said Rusty Gregory, Chief Executive Officer of Alterra Mountain Company. “I’m excited to welcome each and every member of Crystal Mountain’s team into our family at Alterra Mountain Company.”

Crystal Mountain Resort is available on the  Ikon Pass  for winter 2018/2019. Access is unlimited with no blackout dates on both the Ikon Pass and Ikon Base Pass.

Situated in the Northeast edge of Mt. Rainier National Park, Crystal Mountain Resort is less than two hours from the Seattle-Tacoma International Airport (SEA) and boasts the largest and highest lift-serviced terrain in Washington. The mountain offers skiers and riders a gondola and 10 lifts, 57 runs, and a vertical drop of 3,100 feet across 2,600 acres. The village is home to a number of lodging properties, shops, services and year-round activities.

Alterra Mountain Company’s destinations offer premium ski, snowboard and all-season activities for those who seek adventure, freedom, and fun in the great outdoors. Current destinations that make up Alterra Mountain Company are spread throughout six states and three Canadian provinces: Steamboat and Winter Park Resort in Colorado; Squaw Valley Alpine Meadows, Mammoth Mountain, June Mountain and Big Bear Mountain Resort in California; Stratton in Vermont; Snowshoe in West Virginia; Crystal Mountain Resort in Washington; Tremblant in Quebec, Blue Mountain in Ontario; Deer Valley Resort and Solitude Mountain Resort in Utah; and CMH Heli-Skiing & Summer Adventures in British Columbia. Alterra Mountain Company was created when affiliates of KSL Capital Partners, owners of Squaw Valley Alpine Meadows, and affiliates of Henry Crown and Company purchased Intrawest, Mammoth Resorts, and Deer Valley Resort in 2017.

Alterra Mountain Company leaders are charged with the responsibility to respect each destination’s unique culture and personality by taking exceptional care of our mountains and the people who live and play in them.

In January 2018, Alterra Mountain Company introduced the Ikon Pass  for winter 2018-2019, the new standard in season passes. The Ikon Pass offers skiers and riders access to 36 mountain destinations throughout North America, Australia and Japan, including 14 Alterra Mountain Company destinations, plus 22 partner destinations.

About Alterra Mountain Company

Alterra Mountain Company is a family of 14 iconic year-round destinations, including the world’s largest heli-ski operation, offering the Ikon Pass, the new standard in season passes. The company owns and operates a range of recreation, hospitality, real-estate development, food and beverage and retail businesses. Headquartered in Denver, Colorado with destinations across the continent, Alterra Mountain Company is rooted in the spirit of the mountains and united by a passion for outdoor adventure. Alterra Mountain Company’s family of diverse playgrounds spans six U.S. states and three Canadian provinces: Steamboat and Winter Park Resort in Colorado; Squaw Valley Alpine Meadows, Mammoth Mountain, June Mountain and Big Bear Mountain Resort in California; Stratton in Vermont; Snowshoe in West Virginia; Crystal Mountain Resort in Washington; Tremblant in Quebec, Blue Mountain in Ontario; Deer Valley Resort and Solitude Mountain Resort in Utah; and CMH Heli-Skiing & Summer Adventures in British Columbia. Alterra Mountain Company honors each destination’s unique character and authenticity and celebrates the legendary adventures and enduring memories they bring to everyone. For more information, please visit www.alterramtnco.com.

About Crystal Mountain Resort

Crystal Mountain Resort is situated on the northeast corner of Mt. Rainier National Park, just 76 miles from Seattle. Crystal averages 480 inches of snow annually and is the largest ski area in Washington state with 2,600 acres of world-class terrain. The destination is open during the winter months for skiing, snowboarding and snowshoeing. During the summer guests can enjoy scenic rides on the Mt. Rainier Gondola along with mountain-top dining and a multitude of other activities. Crystal Mountain Resort is located in the Mt. Baker-Snoqualmie National Forest and is a proud partner in recreation with the U.S. Forest Service. For more information, visit  www.crystalmountainresort.com.

About Ikon Pass

The Ikon Pass is the new standard in season passes, connecting the most iconic mountains across North America, Australia and Japan, delivering authentic, memorable snow adventures. Brought to you by Alterra Mountain Company, the Ikon Pass unlocks access to a community of diverse destinations you want to ski and ride, including Aspen Snowmass, Steamboat, Winter Park Resort, Copper Mountain and Eldora in Colorado; Squaw Valley Alpine Meadows, Mammoth Mountain, June Mountain and Big Bear Mountain Resort in California; Jackson Hole Mountain Resort in Wyoming; Big Sky in Montana; Stratton, Killington and Sugarbush Resort in Vermont; Snowshoe in West Virginia; Boyne Highlands and Boyne Mountain in Michigan; Crystal Mountain Resort and The Summit at Snoqualmie in Washington; Tremblant in Quebec and Blue Mountain in Ontario, Canada; SkiBig3 in Alberta, Canada; Revelstoke Mountain Resort and Cypress Mountain in British Columbia, Canada; Sunday River and Sugarloaf in Maine; Loon Mountain in New Hampshire; Taos Ski Valley, New Mexico; Deer Valley Resort, Solitude Mountain Resort, Brighton Resort, Alta, and Snowbird in Utah; Thredbo in Australia; and Niseko United in Japan. Special offers are available at CMH Heli-Skiing & Summer Adventures, the world’s largest heli-skiing operation. For more information on the Ikon Pass, please visit www.ikonpass.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181001005769/en/

CONTACT: The Ashima Group

Amelie Bruzat

amelie@theashimagroup.com

KEYWORD: UNITED STATES NORTH AMERICA COLORADO WASHINGTON

INDUSTRY KEYWORD: TRAVEL DESTINATIONS VACATION LODGING SKIING/SNOWBOARDING SPORTS

SOURCE: Alterra Mountain Company

Copyright Business Wire 2018.

PUB: 10/01/2018 12:30 PM/DISC: 10/01/2018 12:30 PM

http://www.businesswire.com/news/home/20181001005769/en

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