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.

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