Kristin Rust, Alterra Mountain Co.

Alterra Mountain Co, which owns 2 resorts in Utah, plans to buy Sugarbush

By The Associated Press | Updated - Nov. 14, 2019 at 12:45 p.m. | Posted - Nov. 13, 2019 at 1:01 p.m.

WARREN, Vt. (AP) — Alterra Mountain Company in Denver says it has entered an agreement to buy Sugarbush Resort in Vermont.

The purchase would increase Alterra Mountain’s total year-round mountain destinations to 15 in six states and three Canadian provinces.

Alterra’s chief executive officer said Wednesday that it’s excited to expand in the Northeast. It also owns Stratton Mountain in Vermont.

The company says Sugarbush president Win Smith will remain in that role and will oversee daily operations and plans for future capital improvements.

Officials say the sale is expected to close in the first quarter of 2020.

Terms of the transaction have not been disclosed.

Among the Alterra Resorts are Steamboat and Winter Park in Colorado; Tremblant in Quebec; and Deer Valley Resort and Solitude Mountain Resort in Utah.

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