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Home > Improvements for Squaw Valley

Improvements for Squaw Valley

November 25, 2011 by Linda Granger Leave a Comment

There are many changes happening at Lake Tahoe ski resorts with the recent merge of Squaw Valley and Alpine Meadows. This was big news for Squaw Valley and Alpine Meadows – combining their ski resorts! The company that has recently taken over Squaw Valley has big plans for the mountain. The new owners are “committing more than $50 million in capital improvements over the next three to five years.”

An article was published on November 28, 2011 by Andrew S. Ross of the SFGate entitled New Squaw Valley owners plan $50 million upgrades. Click on the link to view entire article.

New Squaw Valley owners plan $50 million upgrades

November 24, 2010|Andrew S. Ross
Improvements for Squaw Valley
A Squaw Valley ski resort highlight: the 1960 Winter Olympics. Credit: Associated Press 1960
Improvements for Squaw Valley
If you’re planning Thanksgiving holiday at Squaw Valley, you’ll be able to celebrate its 71st anniversary, and say hello to its new owners.

KSL Capital Partners, a private-equity firm in Denver has taken over the 4,000-acre resort founded by Alexander Cushing in 1949. It had stayed in the Cushing family ever since.

Terms of the acquisition, to be completed by the end of the year, were not disclosed. But in a letter to Squaw Valley regulars, Squaw Valley USA‘s current CEO, Andrew Wirth, said KSL, “with a respectful eye for the past,” is committing more than $50 million in capital improvements over the next three to five years. The acquisition is “part of a new era in Squaw Valley’s incredible history,” he said.

Filed Under: Uncategorized Tagged With: alpine meadows, alpine meadows ski, granger properties, lake tahoe homes, lake tahoe real estate, linda granger, squaw valley, squaw valley ski, tahoe homes, tahoe real estate, truckee homes

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