ropeways.net | Home | 2017-10-13
Mountain High Resorts Purchased By MHR Investor Group
Southern California’s Mountain High has been sold by Ski Resort Holdings LLC, an affiliate of Oz Real Estate, to Mountain High Reunited, a group that includes current President and CEO, Karl Kapuscinski, the senior management team, and MHR Investors.
This is essentially the same group that owned the resort in the mid 2000s before selling to CNL Lifestyle Properties.
Terms of the sale were not released. The current management team will remain in place and continue to operate the resort.
“We have enjoyed our time with both CNL and Oz Real Estate but look forward to our next chapter. We consider ourselves a gateway to winter sports for roughly 18 Million people and with the expanding diversity of the Southern California market, we are very excited about the future. Plans are already being discussed for potential capital improvements both winter and summer.” President and CEO, Karl Kapuscinski said in a statement.
After last year’s wet winter, Mountain High is anticipating a strong season. With nearly three times as much water for snowmaking, resort managers are vigorously preparing for the season opening next month.
Mountain High will continue to remain a member of the Powder Alliance, a group of 16 domestic and international resorts that share reciprocal season pass benefits.
Mountain High is 90 minutes from Los Angeles and Orange County and boasts three separate resorts, 16 lifts, 59 trails, and is the only regional resort to offer night skiing seven nights a week. A typical season lasts from November to April, though they have been known to stay open until May.Source: "Snocountry.com"