Wrightwood’s Mountain High ski resort has a new owner — but will keep its current management team
Mountain High in Wrightwood has been sold to Mountain High Reunited – a group that includes the resort’s current president and CEO, as well as its senior management team.
Terms of the sale by Ski Resort Holdings LLC, an affiliate of Oz Real Estate, were not released, according to a statement announcing the transaction Friday. The current Mountain High management team will remain in place and continue to operate the resort.
PHOTOS: Opening day 2016 at Mountain High ski resort
The sale won’t affect the resort’s standing as a member of the Powder Alliance, a group of 16 domestic and international resorts that share reciprocal season pass benefits, the statement said.
Mountain High president and CEO Karl Kapuscinski said the resort has enjoyed its time under its previous owners, CNL Lifestyle Properties and Oz Real Estate, “but look forward to our next chapter.”
Roughly 18 million people visit the resort for winter sports, Kapuscinski said, adding that “with the expanding diversity of the Southern California market, we are very excited about the future.
“Plans are already being discussed for potential capital improvements for both our winter and summer activities,” he said.
Previously: Why 106 Santas hit the slopes at Mountain High in Wrightwood
Given last year’s wet winter, Mountain High anticipates a strong 2017-18 season.
With nearly three times as much water available for snowmaking compared with last year, the Mountain High team is busy preparing for the upcoming season, which is anticipated to be in mid-November, the statement said.
Mountain High isn’t the only resort with a new owner; in April, Bear Mountain and Snow Summit were swooped up as part of a four-resort deal that also included Eastern Sierra’s Mammoth Mountain and June Mountain.
That purchase by Aspen Skiing Co. and Denver-based private equity firm KSL Capital Partners gave the joint venture more than 6,000 acres […]