Newly Formed Resort Company Completes Acquisition of Deer Valley Resort

DENVER, CO. & PARK CITY, UT. October 12, 2017 - The newly formed entity (the “Company”) controlled by affiliates of KSL Capital Partners, LLC and Henry Crown and Company today announced the completion of their previously announced acquisition of Deer Valley Resort. The Company, with Deer Valley Resort, also announced that Bob Wheaton will remain at Deer Valley Resort as president and chief operating officer.

Through this transaction, Deer Valley Resort is now part of an impressive portfolio of 13 resorts with more than seven million skier visits, 22, 000 skier acres, and significant land available for real estate development. The Company also includes Canadian Mountain Holidays, the world’s leading heli-ski operator, and comprehensive aviation and real estate businesses. Its mountain resorts are geographically diversified across most of North America’s major ski regions: Squaw Valley|Alpine Meadows, Mammoth Mountain Ski Area, Snow Summit, Bear Mountain and June Mountain in California; Deer Valley Resort in Utah; Steamboat Ski & Resort and Winter Park Resort in Colorado; Blue Mountain Ski Resort in Ontario; Mont Tremblant Resort in Quebec; Stratton Mountain Resort in Vermont; and Snowshoe Mountain Resort in West Virginia.

“We could not be more pleased that Deer Valley Resort is now a part of our new Company, ” said David Perry, president and chief operating officer of the Company. “We believe that this transaction not only adds tremendous value to our Company but also enhances the opportunities we are able to provide to our guests, our employees, and our communities. We are committed to maintaining the first-class experience and level of guest service for which the resort is known, and we look forward to what should be a fantastic 2017/18 ski season across our portfolio.”

“Joining this impressive portfolio of resorts is a big step forward in the future of Deer Valley Resort. It will enable the resort to build upon its time-honored traditions while further enhancing the overall experience, ” said Bob Wheaton, Deer Valley Resort president and chief operating officer. “We are thrilled to be a part of the new Company and are excited to begin welcoming guests to Utah this winter.”

Season Passes
For the full 2017-18 winter season, Deer Valley Resort will continue to honor the existing pass products that are currently on sale.

About the New Company (expect a new brand launch prior to the upcoming ski season)

The Company, which joined Intrawest Resorts Holdings, Inc., Mammoth Resorts, Squaw Valley Ski Holdings, and, most recently, Deer Valley Resort, is a North American mountain resort and adventure company delivering distinctive vacation and travel experiences to its guests. The Company owns and/or operates 13 four-season mountain resorts with approximately 22, 000 skiable acres and significant land available for real estate development. The mountain resorts are geographically diversified across most of North America’s major ski regions: Squaw Valley|Alpine Meadows, Mammoth Mountain Ski Area, Snow Summit, Bear Mountain and June Mountain in California; Deer Valley Resort in Utah; Steamboat Ski & Resort and Winter Park Resort in Colorado; Blue Mountain Ski Resort in Ontario; Mont Tremblant Resort in Quebec; Stratton Mountain Resort in Vermont; and Snowshoe Mountain Resort in West Virginia. The Company’s mountain resorts are geographically diversified across most of North America’s major ski regions, including California, the Eastern United States, the Rocky Mountains, and Canada. The Company also operates an adventure travel business, the cornerstone of which is Canadian Mountain Holidays, the world’s leading heli-skiing adventure company, and a comprehensive real estate business through which it manages condominium hotel properties and sells and markets residential real estate.

Contact:
Investor Relations
InvestorRelations@intrawest.com

303-749-8370

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