Aspen Skiing Co Buys Mammoth
The new Aspen Skiing Co.-KSL Capital Partners has purchased Eastern Sierra’s Mammoth Mountain, June Mountain, Snow Summit and Bear Mountain creating the second largest ski company next to Vail Resorts. The new purchase will add the Mammoth Resorts to their collection which now includes the 4 resorts in Aspen; Aspen Mountain, Snowmass, Buttermilk and Aspen Highlands, along with the newly acquired Steamboat Springs, Winter Park, Stratton in Vermont, Mont Tremblanc in Canada, Squaw Valley and Alpine Meadows in Tahoe.
For more than a year there had been talks about the "Aspen Jets" landing at Mammoth Airport. The rumors of a sale to Aspen Skiing Company are now verified true. Rusty Gregory, the chief executive of Mammoth Resorts, in a statement called the move “the next logica...