Squaw Valley ski resort sold

It was announced today that the ski resort founded in 1949 by the legendary Alexander Cushing will be acquired by KSL Capital Partners, a Colorado-based private equity firm with holdings in the travel and leisure business.

Recently appointed Squaw Valley President Andy Wirth will stay on. He called the purchase by KSL great news.

“The KSL team has already committed more than $50 million in capital improvements over the next three-to-five years here at Squaw,” said Wirth.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: