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Mammoth Mountain to buy Snow Summit Ski Corp

On Wednesday, Rusty Gregory, chief executive of Mammoth Mountain announced a $38-million deal to acquire the Bear Mountain and Snow Summit resorts near Big Bear Lake in the San Bernardino Mountains.
The deal to buy Snow Summit Ski Corp. includes a golf course, a driving range and several parking lots — totaling 136 acres of private land — as well as rights to 438 acres of skiable land owned by the U.S. Forest.
Since Mammoth Mountain's founder Dave McCoy sold his controlling interest in his resort in the Eastern Sierra to Connecticut-based Starwood Capital Group in 2005, the company has invested heavily to add upscale hotels, condominiums, shops and eateries around Mammoth Lakes, the rustic town at the base of the mountain.

The deal should also be good news for skiers and snowboarders, Gregory said.

Mammoth Mountain plans to begin this weekend to sell an annual pass that gives snow enthusiasts access to Mammoth Mountain and June Mountain, plus Bear Mountain and Snow Summit, for $689, he said. That's the same price that Mammoth Mountain charged for its annual pass last year.

Skiers and snowboarders who have already bought the Mammoth Mountain pass for this coming season will be allowed to use the pass at Bear Mountain and Snow Summit, Gregory said.

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Read the rest of the LA Times announcement ...

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