Powdr Corp., owner of multiple ski resorts in the U.S. and Canada, is selling Killington Resort and Pico Mountain in Vermont, the largest mountain resort in New England, to a group of local passholders, the company said Thursday.
Powdr also said it plans to list three additional resorts for sale in the coming weeks: Eldora in Colorado; Mt. Bachelor in Oregon; and SilverStar in British Columbia.
The Salt Lake City-based company will keep Copper Mountain in Colorado and Snowbird in Utah, she said. It wants to balance its ski business with its two national park concessions and the operation of Woodward camps and mountain centers, spokeswoman Stacey Hutchinson said by email.
Killington said the purchase by local investors “represents a commitment to keep Killington and Pico in the hands of those who know and love it.” The new owners will focus on capital investment, community involvement and sustainability, the resort said.
Powdr bought Killington in 2007. The resort has been a stop on the FIS Alpine Ski World Cup tour for years. Powdr will retain a minority stake and a seat on the board of directors, it said.
“We will miss the entire team there, but can’t wait to see the great things that lie ahead,” Hutchinson said. “The new owners, who are locals with a deep love of the mountain, share our commitment to the resort’s long-term success.”
Killington said he is grateful for the stewardship Powdr has provided over the years, with improvements to infrastructure, snowmaking capabilities and year-round growth.
“We believe that local ownership allows us to better serve the needs and desires of our community and guests,” said Mike Solimano, Killington President and CEO.
Killington and Pico will remain on the popular Ikon ski pass, Killington said. There will be no changes in leadership or management, it said.
According to Hutchinson, Powdr owned Alpine Meadows, now Palisades Tahoe, in California from 1994 to 2007; Lee Canyon in Las Vegas from 2003 to 2023; and Park City Mountain in Park City from 1994 to 2014.