Alterra Mountain Co. will acquire Sugarbush in central
Vermont, its 15th mountain resort in North America.
Located in Vermont's Mad River Valley, Sugarbush has two
peaks, Mt. Ellen and Lincoln Peak, connected by a two-mile, high-speed
quad chairlift. It joins Stratton as Alterra’s second ski resort in the state.
Sugarbush is already on Alterra's Ikon Pass, which
offers access to 41 destinations.
The resort has multiple lodging options, including the Clay
Brook Hotel and Residences, the Sugarbush Inn and new slopeside residences. The
Sugarbush Resort Golf Club has an 18-hole course.
transaction is expected to close in the first quarter of 2020, subject to regulatory
approval. Terms of the transaction were not disclosed.