Denver-based KSL Capital Partners has acquired almost all the shares of the Squaw Valley Development Company, which includes all aspects of Squaw Valley ski operations, the village at Squaw Valley in California and related real estate holdings.
“Squaw Valley is the birthplace of the modern mountain resort in the United States with a heritage, history, amenities and perhaps most of all, extraordinary terrain that can never be replicated,” said Eric Resnick, KSL’s managing director.
Recently appointed Squaw Valley president and CEO Andy Wirth will continue in his role. Wirth came to Squaw Valley in August 2010 after working for Intrawest, based in Vancouver, and Colorado.
KSL is a private equity firm based in Denver dedicated to investments in travel and leisure businesses. Its portfolio includes ClubCorp, the world’s largest owner of private golf and business clubs.
Squaw Valley was founded in 1949 and hosted the 1960 Winter Olympic Games, the first televised Olympics. The valley received record snowfalls in November.
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