Alterra Mountain to Acquire Colorado's Arapahoe Basin Ski Area
February 6, 2024: In a move signifying consolidation within the North American ski industry, Alterra Mountain Company, the owner of the Ikon Pass, has agreed to acquire the Arapahoe Basin Ski Area in Colorado. This strategic acquisition, announced on February 5th, 2024, expands Alterra’s portfolio of winter destinations and strengthens its presence in the Rocky Mountains.
Arapahoe Basin, affectionately known as “A-Basin” by avid skiers, is revered for its challenging terrain, extensive backcountry access, and notoriously long season, often extending through July 4th. This acquisition adds 1,462 acres of skiable terrain and 68 lifts to Alterra’s existing offerings, further diversifying its appeal to skiers and snowboarders seeking diverse experiences.
The transaction, subject to regulatory approvals, is anticipated to close in 2024. While the financial details remain undisclosed, the acquisition holds significant implications for both parties. With the addition of A-Basin, Alterra Mountain Company solidifies its position as a major player in the ski industry, offering access to 18 year-round destinations across North America. The Ikon Pass, already boasting limited access to Arapahoe Basin, will now offer unrestricted skiing and riding at the iconic resort.
For Arapahoe Basin, the acquisition provides access to Alterra’s vast resources and expertise, enabling infrastructure improvements, technological advancements, and enhanced marketing initiatives. However, concerns have been raised regarding the potential impact on A-Basin’s unique character and dedicated skier community. Alterra Mountain Company has assured stakeholders that A-Basin will retain its distinct identity and operating philosophy.
While the long-term ramifications of this acquisition remain, it undoubtedly marks a significant shift in the North American ski industry landscape. As Alterra Mountain Company integrates Arapahoe Basin into its portfolio, the industry will closely observe how this strategic move impacts both parties and the broader skiing experience.