Denver-based Alterra Mountain Company to buy Arapahoe Basin ski area

Hart Van Denburg/CPR News
A skier rides a chairlift on November 30, 2021.

Alterra Mountain Company has agreed to buy the Arapahoe Basin ski area.

Denver-based Alterra, which operates the Ikon ski pass, is purchasing the 1,428-acre resort from Dream Unlimited Corp., the Canadian company that has owned A-Basin for the last 27 years, the companies said in a joint statement. Terms of the deal weren’t disclosed.

Alan Henceroth, A-Basin’s chief operating officer who has been with the company for 36 years, will continue to lead the resort including overseeing daily operations and future capital projects like parking and snowmaking.

“A-Basin has a long-time and loyal following among skiers and riders in Colorado and we care deeply about the culture of A-Basin that brings them back,” Henceroth said in the statement. “We have worked with Alterra Mountain Company since 2019 when we joined the Ikon Pass community, and we have every faith that Alterra is committed to helping us maintain A-Basin’s authenticity.”  

In addition to running the Ikon ski pass, a competitor to Vail’s Epic pass, Alterra owns 17 ski resorts throughout North America, including Steamboat. It also operates Winter Park in Colorado, though the city and county of Denver owns the area. Alterra’s other resorts include Deer Valley in Utah and Quebec’s Tremblant.

The transaction is expected to close later this year.