Alterra Raise $3 Billion
Alterra Raise $3 Billion
Published : 05-Feb-2024 07:07
The Alterra Mountain Company which was established in 2017 and run 17 of North America's leading ski areas including Mammoth, Deer Valley, Palisades, Steamboat and Tremblant, are reported to have raised a further $3 billion to invest in improvements at their resorts.
The investment comes from KSL Partners, a $21 billion private equity firm, and will be used to complete building projects and possibly buy more resorts.
The company is the main rival to Vail Resorts which now own more than 40 ski areas in the US, Canada, Australia and Switzerland and its Epic Pass, Alterera's version is the Ikon pass.
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