Brownski
Well-known member
- Joined
- Jul 19, 2020
Wait, Did Milo have to go back in time? Has it gotten that bad?
ABasin Conditions
- Thread starter Milo Maltbie
- Start date
There ain't no waitin when ya time travel, so there’s that.
Milo Maltbie
Well-known member
- Joined
- Jul 21, 2020
My virtual innernets self time travels back and plays small forward for the 69 Knicks. IRL not so much…
mm
NYSkiBlog
Administrator
- Joined
- Jul 18, 2020
Alterra to Acquire Arapahoe Basin, Company’s 19th Ski Area
How will they make sure it doesn’t become Epic-era A-Basin all over again?
www.stormskiing.com
Now we might know where some of the billion$ went...Alterra to Acquire Arapahoe Basin, Company’s 19th Ski Area
How will they make sure it doesn’t become Epic-era A-Basin all over again?
KSL Capital Partners Closes $3 Billion Continuation Vehicle for Alterra Mountain Company
KSL Capital Partners, LLC, a prominent investor in the travel and leisure sector, has officially closed a single-asset continuation vehicle for Alterra
unofficialnetworks.com
raisingarizona
Well-known member
- Joined
- Aug 4, 2020
Sad.
MarzNC
Well-known member
- Joined
- Jul 18, 2020
It makes a big difference in the near future that Alan Henceroth was asked to stay as GM.Alterra to Acquire Arapahoe Basin, Company’s 19th Ski Area
How will they make sure it doesn’t become Epic-era A-Basin all over again?
" . . .
The cache of the place is clear, is my point here. Alterra lassoed another prize steer. Now the question is: will they nurture it into a ribbon-winning show animal, or turn it into hamburgers?
That commitment to an authentic A-Basin seemed to be condition of the sale. “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,” said Arapahoe Basin COO Alan Henceroth. “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.” (Emphasis mine [Stuart W].)
Which is a great thing to say, but press release quotes, fact-checked and rewritten, as they often are, by anyone in the building with a title above “lunchroom seating-chart organizer,” can be hollow. So I checked in with Win Smith, former owner of Sugarbush, who expressed similar sentiments when he sold his life’s work to Alterra in 2019, and asked him, “Did Alterra do what they promised and retain Sugarbush's essential character? Do you trust them to do the same with A-Basin?”
Win, in response: “Yes. They have not inserted anyone into Sugarbush. The team that worked for me is running Sugarbush. They do not micromanage and have kept our brand intact. They are now giving Sugarbush good capital to continue making improvements. At least five to six employees have received promotions. Notably, Amber Broadaway, who worked for me, is now the COO of Solitude. Any changes are the result of local management and not dictums from Denver. That said, they expect results, as did I. [Arapahoe Basin is] a great fit for Alterra, and Alan Henceroth is a very good leader.”
. . ."
Benny Profane
Well-known member
- Joined
- Jul 25, 2020
I hope so.
On Groundhog Day SAM weighed in on KSL’s infusion of funds but didn’t mention Arapahoe Basin when the article came out days before Alterra announced their purchase.
What's Behind KSL's $3 Billion "Continuation Vehicle" for Alterra? - Ski Area Management
SAM Magazine—Denver, Feb. 2, 2024—KSL Capital Partners (KSL) closed a 'single-asset continuation vehicle' for Alterra Mountain Company in late January, with total commitments of more than $3 billion, KSL said in a press release. What it didn't say, and what many in the industry are speculating...
www.saminfo.com
MarzNC
Well-known member
- Joined
- Jul 18, 2020
Stuart's second article about the KSL $3 billion story is based on an interview with Alterra's CEO this morning. It's relatively short and well worth reading all of it.
February 7, 2024
www.stormskiing.com
February 7, 2024
Alterra CEO Smith: KSL’s $3B "Not New Money"; Says “Vast Majority of Money We’re Investing Is Money We're Making”
“It's an amazingly good thing because what it means for us is we have stability in our ownership group.”
www.stormskiing.com
