Mammoth Mountain Acquires Snow Summit and Big Bear
Mammoth Mountain, in eastern California, recently announced that it has acquired Big Bear Mountain Resorts and Snow Summit in a $38 million deal, making it one of the biggest ski companies in the United States. Together with June Mountain, which is already owned by Mammoth Mountain, the new four-resort group collectively hosts more than two million snow sport enthusiasts each year. In an interview, CEO of Mammoth Mountain, Rusty Gregory, noted that announcements detailing development and expansion plans for all four resorts will be made in the next few months.
Already one of the California’s most popular resorts, Mammoth Mountain Ski Area covers more than 3,500 acres of skiable terrain along the eastern slopes of the Sierra Nevada mountain range in eastern California, offering traditional alpine skiing and snowboarding, as well as cross-country and snowshoe terrain, snowmobile action and Snowcat tours. The ski area’s top elevation is 11,053 feet, with its base elevation at 7,953 feet. Average snowfall is 400 inches, with snowmaking on 46 trails. Twenty-eight lifts ensure more time on the snow, and an average of 300 days of sunshine adds to the pleasure of skiing at this Californian resort.
To make snow sport in this region of California even more accessible, particularly to visitors from the East and Midwest, Mammoth Mountain recently announced that two new flights into Mammoth Lakes airport will be added in the upcoming season – Alaska Airlines will be flying from Las Vegas, and United from Denver. Mammoth has also initiated its new “Cali4nia Pass” offering unlimited skiing and boarding at all four of its resorts, discounted for a limited time.
The Snow Summit deal includes a golf course, a driving range and a number of parking lots, along with the rights to 438 acres of skiable land which is owned by the US Forest Service. Moreover, Mammoth Mountain’s investors are reportedly planning to build on land around Snow Summit and Bear Mountain, all of which adds to the value of the deal. For skiers the development of the resorts and combined deals that may make snow skiing more affordable, the acquisition of Snow Summit and Big Bear Mountain by Mammoth Mountain is no doubt good news.