Denver-based Alterra Mountain Co. has added another Utah ski resort to its portfolio. The company has announced an agreement to purchase Solitude Mountain Resort, following its acquisition of nearby Deer Valley Resort last October.
Solitude is a 1,200-acre ski property with 77 skiing and snowboarding runs, according to its promotional materials. In summertime, it offers visitors lift-served hiking and mountain biking.
“With its close relationship with Deer Valley Resort, Solitude Mountain Resort is a natural fit for Alterra Mountain Co. and a tremendous addition to our family of destinations,” said Alterra CEO Rusty Gregory in a news release. “We are especially excited to expand our reach within Utah and offer another ski and snowboard experience in a state known for its exceptional snow and mountain culture.”
The purchase is expected to be completed by late fall, according to the release. Terms of the deal have not been released. Alterra said further information, including whether Solitude will be included in the company’s expansive IKON Pass season pass package, will be announced after the purchase is finalized.
By adding Solitude, Alterra, founded in 2017, will grow its family of resorts to 13. Alterra was formed when Denver investment firm KSLCapital Partners partnered with Henry Crown and Co., owner of Aspen Skiing Co. Since then, the group has built a portfolio of resorts in five states and three Canadian provinces that includes Colorado’s Steamboat and the operating contract for Winter Park in Colorado.