It’s official. The Associated Press released a statement this morning.
“Squaw Valley and Alpine executives told The Associated Press about the operating agreement in advance of Tuesday’s formal announcement. The merger is expected to be made final before the start of the coming ski season.
Under the deal, Squaw Valley and Alpine Meadows will retain their identities but be owned and operated by a new parent company called Squaw Valley Ski Holdings LLC. Squaw Valley owner KSL Capital Partners LLC will become the majority owner of the new company, while JMA Ventures, which owns Alpine Meadows, will have an ownership stake.” Read Full report HERE > The Associated Press
Here are some of the highlights.
- “Squaw Valley and Alpine Meadows will be owned and operated by a new parent company called Squaw Valley Ski Holdings LLC. Squaw Valley owner KSL Capital Partners LLC will become the majority owner of the new company, while JMA Ventures, which owns Alpine Meadows, will have an ownership stake.” The Associated Press
- access more than 6,000 skiable acres
- no plans are under way to connect them because the common ridgeline is owned separately.
- JMA will continue to independently operate Homewood Mountain Resort on Lake Tahoe’s west shore.
- Gold, Silver and Bronze passes at Squaw, and Unfiltered, Slightly Filtered and Filtered passes at Alpine— will become valid for skiing and riding at both resorts.
- Starting Tuesday, skiers and snowboarders will be able to buy season passes for the combined resort starting at $439 for adults.
- Here is a full rundown squaw.com/squaw-alpine-faq