ExcelsiorTheFathead Posted June 2, 2023 Report Share Posted June 2, 2023 What's up with this? By Thomas Clouse tomc@spokesman.com (509) 459-5495 The owners of Schweitzer Mountain Resort have sold its operations assets to Colorado-based Alterra Mountain Company, which operates 16 other ski destinations including Steamboat and Winter Park in Colorado, and Crystal Mountain in Washington. The resort, located northwest of Sandpoint, has been owned by the MKM Trust since 2005. According to a news release, Tom Chasse, president and CEO of Schweitzer, will continue to oversee daily operations. In 2021, the ski resort joined the Ikon Pass network that connects skiers to resorts all across the U.S. and the world. That service is operated by Alterra. “Since becoming an Ikon Pass partner in 2021, we’ve had the good fortune of learning how Alterra Mountain Company has quickly evolved into an industry leader,” Chasse said in the news release. “The company’s commitment to preserving the authenticity of their mountain communities while investing in the overall mountain experience is what we’re most looking forward to as the newest member of the Alterra family.” The MKM Trust became sole owner of Schweitzer in 2005 after a split with joint-owner Harbor Properties. At the time of the split, Harbor Properties became the sole owner of Stevens Pass near Leavenworth. The MKM Trust represented the estate of Keith McCaw, who died in 2003. He had made his fortune as a stock holder in the McCaw Cellular Communications, a company that was built by his brother Craig McCaw. AT&T purchased McCaw cellular in 1995 for $11.5 billion, according to newspaper archives. Since 2005, the owners pumped more than $100 million into Schweitzer, including five new lifts, the Sky House day lodge and Humbird, a 31-unit boutique hotel, and a wellness spa. “With an incredible mountain in one of the most beautiful settings in the country and a world-class operating team, Schweitzer has everything we look for in a destination,” Jared Smith, president and CEO of Alterra, said in the news release. “The mountain has been a valued partner on the Ikon Pass for several seasons so we’ve been able to see the exceptional team, community, and opportunities for continued investment up close.” Headquartered in Denver, Alterra operates Steamboat and Winter Park in Colorado; Palisades Tahoe, Mammoth Mountain, June Mountain, Big Bear Mountain Resort and Snow Valley in California; Stratton Mountain and Sugarbush Resort in Vermont; Snowshoe Mountain in West Virginia; Tremblant in Quebec and Blue Mountain in Ontario, Canada; Crystal Mountain in Washington; Deer Valley Resort and Solitude Mountain Resort in Utah; and CMH Heli-Skiing & Summer Adventures in British Columbia. The transfer of ownership is expected to close later in 2023, and is subject to certain closing conditions, including regulatory approvals. Terms of the transaction were not disclosed. The companies indicated that more details will be released once the transaction has closed. Schweitzer has 92 ski trails and 40 miles of mountain trails. According to the company website, the 6,400-foot mountain receives 300 inches of snow every year. A daily ski pass for an adult in 2022-23 cost $100-110. An adult season pass for 2023-24 costs $999 to $1,049 Quote Link to comment Share on other sites More sharing options...
Pusbag Posted June 5, 2023 Report Share Posted June 5, 2023 Kinda sad our little old ski hill has grown up and soul'd out....... 1 Quote Link to comment Share on other sites More sharing options...
b0ardski Posted June 7, 2023 Report Share Posted June 7, 2023 ch1 midway laps and ch6 will live in my heart forever,,,it's real estate venue with a chair lift amenity. Quote Link to comment Share on other sites More sharing options...
ExcelsiorTheFathead Posted August 22, 2023 Author Report Share Posted August 22, 2023 Alterra closes on purchase, news from GearJunkie. SAM Magazine—Denver, Aug. 22, 2023—Alterra Mountain Company closed on the purchase of Schweitzer in Idaho, bringing the company’s total year-round mountain destinations to 17 properties throughout North America. “With the acquisition of Schweitzer, we are excited to expand our presence within the Pacific Northwest skier market,” said Jared Smith, president and CEO of Alterra. “The destination has been a valued partner on the Ikon Pass for several seasons, and we are excited to officially welcome the team to the Alterra family.” As previously reported, Tom Chasse will stay on as president and COO of Schweitzer and will oversee daily operations and the resort’s extensive future capital improvement plans. “Today, Schweitzer begins a new chapter as part of the Alterra family, and we couldn’t be more excited,” said Chasse. “Looking ahead, we will continue to evolve and provide the best family-friendly mountain experience in the region, while upholding the unique values and culture that we’re known for.” Current 2023-24 Schweitzer passholders will be contacted in October 2023 to discuss pass options. Ikon Pass access will be expanded for the coming season to include unlimited days at Schweitzer, while Ikon Base Pass holders will continue to have five-day access to the resort. Schweitzer, located in the Selkirk Mountains, 10 miles from the city of Sandpoint, is the largest ski area in Idaho with 2,900 skiable acres. MKM Trust, which has been the owner and developer of Schweitzer for the past 18 years, will retain non-ski operations and real estate holdings, and will continue to lead future real estate development projects at the resort. Quote Link to comment Share on other sites More sharing options...
Pusbag Posted September 15, 2023 Report Share Posted September 15, 2023 1st report is not good. Some new old dude at bottom of lift, my wife and I normally ride up for free because we are crew family. We'll not anymore plus every handicapped parking spot was full so no where to park. Quote Link to comment Share on other sites More sharing options...
Keenan Posted September 19, 2023 Report Share Posted September 19, 2023 On 9/14/2023 at 8:15 PM, Pusbag said: 1st report is not good. Some new old dude at bottom of lift, my wife and I normally ride up for free because we are crew family. We'll not anymore plus every handicapped parking spot was full so no where to park. Has she hit the 20 year mark for the family passes yet? Quote Link to comment Share on other sites More sharing options...
Pusbag Posted September 20, 2023 Report Share Posted September 20, 2023 On 9/19/2023 at 7:51 AM, Keenan said: Has she hit the 20 year mark for the family passes yet? Yes she has hit 30 years at Schweitzer we have lifetime passes or at least until alterra takes that away Quote Link to comment Share on other sites More sharing options...
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