Powdr acquires SilverStar Mountain Resort in British Columbia
On Tuesday, Park City-based Powdr announced it has acquired SilverStar Mountain Resort. SilverStar is Powdr’s first mountain resort in Canada.
This acquisition brings together two family-owned companies. Powdr and Jane Cann, who has owned SilverStar since 2002 and served as president since she acquired 100 percent of SilverStar in 2012, share a common vision for the long-term success of SilverStar as a community-oriented favorite for year-round, authentic family adventure. Powdr is acquiring Silver Star Ski Resort LTD. and Silver Star Holidays LTD., which operate SilverStar Mountain Resort, from Cann, who will retain Schumann Resorts LTD., which holds 30-acres of SilverStar real estate development land.
“SilverStar is a world-class destination that fits well with who Powdr is, what our properties are — community favorites — and our commitment to protecting and enhancing the authentic year-round adventure experience for generations to come,” says Justin Sibley, Powdr co-president. “The resort team is impressive and they have an incredibly strong relationship with the community, which we hope to build upon. We are pleased to continue Jane and SilverStar’s more than six decades of fun, legacy and vision.”
SilverStar joins the Powdr portfolio of 10 mountain resorts in California, Colorado, Nevada, Oregon, Utah and Vermont; the experiential action sports company Woodward; adventure experiences including heli-ski and river rafting outfitters; and the company’s media and entertainment holdings. Across each of its destinations, Powdr honors the local community’s essence by curating and integrating the best of all things local. There are no changes to SilverStar 2019/20 season passes, current operations or reciprocal agreements with other resorts.
“I am thrilled to pass the torch to such a competent and qualified operator as Powdr, who shares the same mission and beliefs for the SilverStar resort community and is committed to delivering memorable experiences and enhancing people’s lives,” says Jane Cann. “Powdr is an enduring company focused on patiently making each of its destinations the best version of itself locally. I am confident that their scale and expertise will be beneficial in working toward the realization of SilverStar’s newly approved Master Plan.”
Award-winning SilverStar Mountain Resort is located in the heart of British Columbia’s Okanagan region, a short 20-minute drive from the city of Vernon and less than a one-hour drive from Kelowna International Airport (YLW). SilverStar is one of BC’s largest ski areas offering 3,282 acres of skiable terrain, a 760 meter (2493 feet) vertical drop, and annual snowfall of more than 700cm (23 feet) with amazing variety from its groomers on the front side to legendary steeps in Powder Gulch. Recognized as one of Canada’s best destination mountains, and a family favorite, SilverStar’s intimate, colorful, mid-mountain village provides ski-in, ski-out slope-side lodging. As a year-round mountain destination, SilverStar’s Bike Park is ranked by the International Mountain Bike Association as one of the premier downhill mountain bike facilities in North America.
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Another ski season is in the books, and much to the relief of the restaurant industry, the outlook, like the weather, is looking sunny.