Deer Valley acquires Solitude
Deer Valley Resort said on Friday afternoon it has acquired Solitude Mountain Resort in Big Cottonwood Canyon, the third deal this year that has reshaped the state’s ski industry.
Terms were not made public. Solitude had been owned by the DeSeelhorst family. Deer Valley will take full ownership and assume the operations at Solitude on May 1, 2015. A prepared statement released by Deer Valley indicated Solitude during the 2014-2015 ski season will operate as it has traditionally. Some Deer Valley staffers, though, will be assigned to Solitude "to evaluate resort operations and gain knowledge about the Solitude brand and culture," the prepared statement says.
"Solitude is an incredible resort and provided a huge opportunity for us to expand our offerings right here in Utah," Bob Wheaton, the president and general manager of Deer Valley Resort said in the prepared statement." "Solitude is in a unique position with their widely varied terrain that attracts both local and destination skiers. We are ecstatic to be able to add the resort to the Deer Valley family."
The acquisition was unexpected and continues an extraordinary shakeup in the state’s ski industry. Vail Resorts recently acquired Park City Mountain Resort and intends to link PCMR and Canyons Resort under the Park City Mountain Resort moniker. The Cumming family, the owner of Powdr Corp., meanwhile acquired a majority interest in Snowbird Ski and Summer Resort in May.
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A Park City crowd gathered on the sun-soaked turf of Dozier Field midday on Monday in tribute to George Floyd, the black man whose death in police custody in Minneapolis triggered widespread protests in the U.S.