The affiliates of KSL Capital Partners, LLC and Henry Crown and Company (the new, yet to be named group that joined Intrawest Resort Holdings, Inc.Mammoth Resorts and Squaw Valley Ski Holdings) are making waves this week with an announcement to acquire Deer Valley Resort. The acquisition follows the new entity's recent purchase of Mammoth and Intrawest this spring and puts another substantial quill in the company's well-adorned hat of resort holdings. Although a price tag hasn't been named, the transaction is expected to close prior to the 2017/2018 season. Deer Valley-owned Solitude will not be involved in said transaction, after which, Deer Valley is expected to remain business and operations as usual (sorry snowboarders) for the foreseeable ski season. 

“Deer Valley Resort is one of the preeminent mountain resorts in the world and is a tremendous addition to our existing portfolio," said David Perry, president and chief operating officer of the new joint venture. "Prior to this acquisition, we were able to offer our guests exceptional experiences throughout most of North America’s major ski regions, but we did not have a resort in Utah, a state that is renowned for great skiing and mountain town life. Park City and Salt Lake skiers have always known that powder, blue skies, a huge variety of terrain, and exemplary guest service have always set Deer Valley Resort apart,” Perry continued. “We could not be more pleased that Deer Valley Resort will be part of our new company, and we look forward to working with the staff and Park City community to carry on the traditions that make it so special.”

The acquisition brings the new company's resort total to 13, including: Squaw Valley/Alpine Meadows, Mammoth, Snow Summit, Bear Mountain and June Mountain in California; Steamboat and Winter Park Resort in Colorado; Blue Mountain in Ontario; Tremblant in Quebec; Stratton Mountain in Vermont; and Snowshoe Mountain in West Virginia. 

“We are thrilled to join this impressive portfolio with 12 other resorts and are excited about the opportunities this transaction will create for our guests, staff, and the community of Park City. Deer Valley is a special place and being part of its growth has been one of the great joys of my life,” said Bob Wheaton, president and general manager. “Joining this portfolio of resorts will enable Deer Valley to build upon its outstanding traditions and further enhance our ability to provide our guests with a world class skiing experience. I look forward to working with them as we develop our vision for the future of the resort and the new company.”