Who Owns Jackson Hole Ski Resort? The Surprising Answer!

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If you’re a ski lover, then chances are that Jackson Hole Ski Resort is on your bucket list. Known for its challenging slopes and incredible scenery, this iconic resort has been a top destination for skiers from all around the world.

But have you ever wondered who owns this renowned ski resort? The answer might surprise you.

“One of the wealthiest individuals in the country, Jay Kemmerer, now owns the Jackson Hole Ski Resort. He purchased it back in 1992 with his brother-in-law.”

Kemmerer’s background and business ventures have made him one of the most successful entrepreneurs in the United States, but few people outside of Wyoming have even heard of him.

In this article, we’ll dive into more details about Jay Kemmerer and how he came to acquire such a coveted piece of real estate. We’ll also explore some of the recent changes at the resort since Kemmerer took ownership.

So if you’re curious about the latest updates for Jackson Hole Ski Resort or simply want to learn more about the man behind this legendary skiing destination – keep reading!

Table of Contents show

History of Jackson Hole Ski Resort

The Founding of Jackson Hole Ski Resort

Jackson Hole Ski Resort is a ski resort located in Teton Village, Wyoming. The resort was founded by Paul McCollister in 1965 with dreams to create a destination ski resort that would rival the world-class resorts found in Europe. A year before the opening, the resort installed its iconic aerial tram, which ascends 4,139 vertical feet up Rendezvous Mountain.

The Early Years of Jackson Hole Ski Resort

In its early years, Jackson Hole Ski Resort struggled financially, largely due to its remote location and lack of transportation infrastructure. However, despite these challenges, the resort slowly gained popularity among skiers for its challenging terrain and breathtaking views of the Tetons which gradually increased the number of visitors over time.

“The beauty of skiing at Jackson Hole is that you’re able to sample and savor real mountain experiences that are character building; slopes where boundaries blur between piste, switchback trails and off-piste runs,” says Kim Havell on Forbes.

The Rise of Jackson Hole Ski Resort

Throughout the 1990s, Jackson Hole Ski Resort saw significant improvements such as redevelopments, new lifts, run expansions and more trails catering from beginner to expert level. In addition, it built extensive snowmaking facilities to enhance its terrain even during dry seasons since wildfires happen frequently. Furthermore, on October 23rd, 2019, Vail Resorts announced in a press release that the company will acquire control of both Jackson Hole and two other North American ski resorts – Okemo Mountain Resort in Vermont and Sun Valley Resort in Idaho

“Jackson Hole Ski Resort sits atop some of our continent’s best terrain, offering truly unique high-alpine, big-mountain skiing and snowboarding experiences. We’re thrilled to welcome the Jackson Hole team into Vail Resorts and look forward to working together to provide our guests with the best possible resort experience,” said Rob Katz, CEO of Vail Resorts.

The Legacy of Jackson Hole Ski Resort

One of the greatest aspects of Jackson Hole Ski Resort is that it has preserved its natural charm; over 50% of the land in Teton County remains federally protected from development, which protects the wildlife migration patterns as well. The airport can bring passengers a bird’s eye view of Grand Teton National Park. The resort respects the environment in an area known for environmentalism around public spaces such as ski lifts and buildings too. A group called Eagle Scouts has even earned their wings by building bear-proof trash cans for summer visitors!

“Jackson Hole is blessed to have a national park at its doorstep; enabling our wildlife to move freely through all seasons provides us with an unbeatable opportunity to engage skiers on issues wider than just sport but including conservation and protection”, said Briton Steele, Director of Environmental Affairs at Jackson Hole Mountain Resort

Despite significant changes, acquisitions, and expansions throughout its history, Jackson Hole Ski Resort has remained true to its core values – providing exceptional skiing experience while preserving nature and the wildlife. It continues to be one of the most unique and iconic winter holiday destinations worldwide!

Current State of Jackson Hole Ski Resort

Jackson Hole Ski Resort is located in Teton Village, Wyoming. It is one of the largest ski resorts in North America with over 2,500 acres of skiable terrain and a vertical drop of over 4,100 feet. The resort offers something for all levels of skiers, from beginners to experts.

The resort has recently undergone some major changes to improve the overall experience for guests. In 2017, the resort opened its new Sweetwater Gondola, providing easier access to Apres Vous Mountain. Additionally, they have expanded their snowmaking capabilities on lower mountain runs to ensure consistent snow coverage throughout the season.

The resort prides itself on preserving the natural environment and strives to minimize its environmental impact. They use renewable energy sources, such as wind and solar power, to offset their electricity usage and offer free shuttle services to reduce traffic congestion and emissions.

Ski Terrain at Jackson Hole Ski Resort

The ski terrain at Jackson Hole is known for its challenging slopes and steep terrain. The resort has two mountains, Rendezvous Mountain and Apres Vous Mountain. Rendezvous Mountain is the bigger of the two and contains some of the most advanced skiing in the country. There are plenty of black diamond runs, chutes, and couloirs available to challenge even the most experienced skiers.

If you’re not quite ready for that level of difficulty, there are also plenty of intermediate and beginner runs on both mountains. Apres Vous Mountain is specifically geared towards intermediates and has many long, cruising runs.

The resort also offers guided backcountry tours for those looking for an off-piste adventure. These tours take you into the wilderness surrounding the resort where you can find untouched powder and stunning views.

Lodging and Amenities at Jackson Hole Ski Resort

Jackson Hole offers a variety of lodging options, including hotels, condos, and vacation homes. There are also plenty of dining options available on the mountain, from casual cafes to fine dining restaurants.

For those looking to relax after a day on the slopes, the resort has several spas that offer massages, facials, and other treatments. The resort also has a fitness center, swimming pool, and hot tubs for guests to enjoy.

If you’re traveling with children, there is a daycare facility available as well as special ski programs for kids. These programs help kids improve their skiing skills while having fun and making new friends.

Ski Passes and Ticket Prices at Jackson Hole Ski Resort

Ticket prices at Jackson Hole vary depending on the time of year and length of stay. A single-day lift ticket during peak season can cost upwards of $150. However, there are several deals and packages available, such as discounts for online purchases or multi-day packages.

The resort also offers season passes, which provide unlimited access to the mountain throughout the season. In recent years, they have introduced more affordable pass options for locals and college students in an effort to make skiing more accessible.

“We’re conscious about trying to get people to come back on multiple days rather than just skiing one day here and then going somewhere else. We need to create value so we encourage them to stay longer.” – Tim Mason, Senior VP of Marketing and Sales

Jackson Hole Ski Resort is a top destination for skiers of all levels. With its diverse terrain, stunning views, and commitment to sustainability, it’s easy to see why the resort attracts visitors from all over the world. While the ticket prices may be steep, the overall experience is well worth the investment.

The Mystery of Ownership

The Origins of Jackson Hole Ski Resort’s Ownership

Jackson Hole Ski Resort is one of the most popular ski resorts in North America. Located in Teton Village, Wyoming, it has been attracting skiers from all over the world since 1965. However, there is some mystery surrounding its ownership and how it came to be.

The origins of the Jackson Hole Ski Resort can be traced back to the early 1940s when a group of local businessmen decided that the valley needed a ski resort to attract tourists during the winter months. These businessmen included Paul McCollister, Alex Morley, Al Merrill, Bill Jensen, and Roger Lang.

In 1963, McCollister, who was an entrepreneur with a keen interest in skiing, purchased the land on which the resort sits today. He leased it to the newly formed Jackson Hole Ski Corp and sold them the lifts for $1. This move ensured that the resort would remain locally owned, which helped maintain its charm and appeal to visitors.

The Shrouded Past of Jackson Hole Ski Resort’s Ownership

The ownership of Jackson Hole Ski Resort has always been shrouded in secrecy. While many people know that it is currently owned by Jay Kemmerer and his family, not much is known about previous owners.

Rumors have circulated that various celebrities such as actor Robert Redford, former Vice President Dick Cheney, and even former president Ronald Reagan had ownership stakes in the resort at some point in time. However, these rumors are unsubstantiated and no evidence exists to prove their validity.

The only other major shareholder in Jackson Hole Ski Resort is the Bridger-Teton National Forest. The resort operates under a special-use permit issued by the United States Forest Service, so the land is technically owned by the U.S. government.

The Controversial Ownership of Jackson Hole Ski Resort

While Jackson Hole Ski Resort has always been a source of pride for locals and visitors alike, there have been controversies surrounding its ownership throughout history.

One major controversy was in the 1990s when some local residents became concerned about the potential sale of the resort to outside investors. The sale would have likely resulted in the resort losing its small-town charm, which many believed was important to retain. However, this never came to pass as the Kemmerer family purchased it instead, ensuring that it remained locally owned.

Another controversy involves the Forest Service and allegations that they gave preferential treatment to Jackson Hole Ski Corp. During the early years of the resort, they were accused of allowing the ski corp to operate on public land without proper permits. While these allegations remain controversial, no action or penalty has ever been taken against the resort.

The Speculated Future of Jackson Hole Ski Resort’s Ownership

As with any successful business, there is always speculation about the future ownership of Jackson Hole Ski Resort. Some analysts predict that the Kemmerer family will continue to own it and keep it within their family for generations to come.

Others believe that the resort may be sold at some point in the future, potentially to a larger company such as Vail Resorts, which currently owns numerous ski resorts in North America.

Regardless of who owns Jackson Hole Ski Resort in the future, one thing remains certain: it will continue to attract skiers from all over the world with its unparalleled terrain, stunning mountain views, and unique western charm.

“There are only three things that can kill the growth of skiing – bad snow, high prices, and bad management. Jay Kemmerer has successfully overcome all three.” -John Fry, former editor of Ski Magazine

Recent Changes in Ownership

The Acquisition of Jackson Hole Ski Resort by Alterra Mountain Company

Jackson Hole Ski Resort, located in Wyoming, has had a long and storied history since it first opened to the public in 1965. For over five decades, the ski resort was owned and operated by the Kemmerer family, who invested heavily in the development and expansion of the resort.

In 2018, the ownership of Jackson Hole Ski Resort changed hands when it was acquired by Alterra Mountain Company for an undisclosed sum. Alterra is a relatively new player in the ski industry, having been formed in 2017 by the parent company of Aspen Skiing Company and KSL Capital Partners.

The acquisition of Jackson Hole Ski Resort is part of Alterra’s strategy to create a portfolio of premier ski resorts across North America. The company now owns or operates 14 mountain destinations in the United States, including world-renowned resorts such as Steamboat, Squaw Valley Alpine Meadows, and Mammoth Mountain.

The Impact of Alterra’s Ownership on Jackson Hole Ski Resort

Since taking over ownership of Jackson Hole Ski Resort, Alterra has made significant investments in upgrading the resort’s infrastructure and amenities. In the summer of 2020, Alterra announced that it would be investing $16 million in capital improvements at Jackson Hole, including the construction of a new chairlift and renovations to existing lodges.

Alterra’s investment in Jackson Hole Ski Resort has also led to increased promotion and marketing of the resort, both domestically and internationally. This has helped to raise the profile of the resort among skiers and snowboarders around the world, leading to a boost in tourism and revenue for the local community.

Furthermore, Alterra’s ownership has given Jackson Hole Ski Resort access to the Ikon Pass, which is a multi-resort ski pass that provides skiers and snowboarders with access to dozens of resorts across North America. This has helped to attract more visitors to the resort, especially those who are looking for a wider range of ski experiences.

The Response of the Community to Alterra’s Ownership of Jackson Hole Ski Resort

While many in the local community have welcomed the investment and increased promotion of Jackson Hole Ski Resort under Alterra’s ownership, there are some concerns about the impact on the character and culture of the resort.

For example, some residents worry that the influx of outside investment and visitors may lead to overcrowding and development that could harm the natural beauty and ecological health of the area.

Others express concern about the potential loss of the unique character and community spirit of the resort that was fostered over decades by the Kemmerer family’s personal involvement in the operation of the resort.

Nevertheless, overall reaction to Alterra’s acquisition of Jackson Hole Ski Resort has been mostly positive from both locals and visitors alike, as the new ownership has injected much-needed capital into the resort, leading to improvements in infrastructure, amenities, and marketing efforts that have brought more business and revenue to the area.

The Future of Jackson Hole Ski Resort under Alterra’s Ownership

Looking ahead, it is clear that Jackson Hole Ski Resort will continue to be an important player in the ski industry under Alterra’s stewardship. With significant investments being made in the resort’s infrastructure and marketing campaigns, we can expect continued growth in tourism and revenue for the local community.

Furthermore, Alterra’s commitment to sustainability and responsible development means that we can also expect to see proactive efforts aimed at protecting the natural environment and preserving the unique character and culture of the resort.

While some may mourn the loss of a family-owned business that operated for over five decades on its own terms, Alterra’s acquisition of Jackson Hole Ski Resort has brought significant benefits to the local community in terms of increased investment, tourism, and industry prominence. With this infusion of capital and expertise, we can expect to see Jackson Hole continue to be one of the premier ski destinations in the world for many years to come.

What’s Next for Jackson Hole Ski Resort?

The Expansion of Jackson Hole Ski Resort’s Terrain

Jackson Hole Ski Resort, situated in Teton Village, Wyoming, is known for its expert-level skiing with high vertical drops and challenging terrain. However, the management team aims to attract more intermediate-level skiers by expanding their terrain offerings.

The resort plans on adding new lifts and runs that will accommodate all levels of skiers while maintaining the steep pitches that experts love. According to Jerry Blann, the former president of Jackson Hole Mountain Resort, “The goal is not a quantity enhancement; it’s a quality improvement.”

The Improvement of Jackson Hole Ski Resort’s Amenities

In addition to expanding the ski terrain, Jackson Hole Ski Resort has invested heavily in improving its amenities over the last few years. The base area now includes new restaurants, shops, hotels, and condos, which enhances the overall experience for guests.

The resort’s newest luxury hotel, Continuum, opened in 2020 and features a rooftop terrace, a wellness center, signature restaurants, and direct access to the slopes. Guests can also take advantage of the resort’s world-class spa, fitness center, and hot tubs.

The Future of Jackson Hole Ski Resort’s Ownership and Management

The Kemmerer family had owned Jackson Hole Ski Resort since 1992, but in early 2019, they sold the resort to newly-formed company Alterra Mountain Company. Alterra Mountain Company owns several other ski resorts across North America and plans to leverage economies of scale through combining marketing efforts, tickets, and passes across their network of mountains.

Despite this change in ownership, the current management team remains dedicated to providing excellent service and growing the mountain sustainably. As Cody Caissie, the Director of Communications for Jackson Hole Mountain Resort explained, “We’re definitely not disappointed with who we are and what we offer…It’s just a matter of getting more people to experience it.”

The Anticipated Growth of Jackson Hole Ski Resort’s Visitors and Revenue

With maximum skier capacity at around 14,000 per day, Jackson Hole Ski Resort has seen an increase in visitors since Alterra Mountain Company acquired ownership. The integration with Alterra provides access to marketing expertise and broader exposure that leads to attracting more visitors.

Jackson Hole is known for its high-end clientele, and according to Blann, part of their long-term strategy includes broadening beyond this niche market. “There’s been a shift. We’ve become more accessible without losing our core constituency,” he said. With investment in new amenities, terrain expansion, and continued commitment to sustainability, Jackson Hole Ski Resort could well be on the cusp of ever-increasing visits and revenue.

Impact of Ownership on the Ski Industry

The Influence of Corporate Ownership on the Ski Industry

In recent years, a growing number of ski resorts in North America have come under corporate ownership and management. Vail Resorts is among one of the largest and most well-known ski resort companies, owning 37 ski resorts all across the United States and Canada.

The advantages of corporate ownership include financial stability, larger marketing budgets, more efficient operations, and economies of scale. These benefits translate to improved facilities, better services for guests, and increased revenue for shareholders and investors.

“Corporate control of ski resorts has led to the development of massive destination resorts that offer many different experiences beyond just skiing,” says John Gibson, executive director of Protect Our Winters, a non-profit environmental group focused on addressing climate change issues impacting winter sports. However, corporate ownership is not without its drawbacks. Critics argue that large corporations prioritize profits over community interests, resulting in the destruction of local culture and the displacement of small businesses and long-time residents.

For example, when Vail Resorts acquired Whistler Blackcomb in British Columbia, some locals worried that the town’s character would be lost to commercialization, and that housing prices and rents would skyrocket, displacing low-income residents. This controversy sparked debate about responsible development practices and balancing economic growth with environmental preservation and social responsibility.

The Advantages and Disadvantages of Independent Ownership for Ski Resorts

Independent ownership is another model for running ski resorts. These are typically family-owned or operated by smaller companies that manage only one or two properties.

The main advantage of independent ownership is the ability to maintain authentic charm; preserving unique qualities like historic lodges, locally sourced foods, and off-the-beaten-path trails which may not exist if run under corporate ownership.

Independent owners are often more invested in community outreach and donation programs. While smaller budgets mean less resources for renovations & hiring, they also provide an opportunity for small businesses like mom-and-pop shops to flourish n the surrounding area. The trouble with independent ski resorts is: managing the unpredictable weather patterns which has led to lower levels of snowfall than previously expected.

“The weather keeps throwing curveballs our way,” says Dan Sherman, public relations manager at Ski Cooper in Colorado. Since this resort does not have extensive snowmaking abilities or large investments, their ability to rebound from unpredictable snow scale backs becomes problematic due to limited funds.

In a time where there is industry-wide pressure to keep up with technology and new developments – particularly those related to environmentalism – independent resorts may falter behind larger companies unable to afford “green” improvements as rapidly as bigger players can.

Many different factors influence what makes for successful ski resort ownership. Communities must balance competing interests between local culture & responsible development on one hand, and economic growth and outside investment on the other.

Frequently Asked Questions

Who is the current owner of Jackson Hole Ski Resort?

The current owner of Jackson Hole Ski Resort is Jay Kemmerer and his family.

Has Jackson Hole Ski Resort changed ownership in the past? If so, who owned it previously?

Yes, Jackson Hole Ski Resort has changed ownership in the past. It was previously owned by Paul McCollister and his family, who purchased the resort in 1992.

Are there any major shareholders or investors in Jackson Hole Ski Resort?

Aside from the Kemmerer family, there are no known major shareholders or investors in Jackson Hole Ski Resort.

How did the current owner acquire Jackson Hole Ski Resort?

The Kemmerer family acquired Jackson Hole Ski Resort in 1992 from Paul McCollister and his family.

Is Jackson Hole Ski Resort part of a larger corporation or company?

No, Jackson Hole Ski Resort is not part of a larger corporation or company. It is privately owned by the Kemmerer family.

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