Industry News

Mountain High Resort Purchased by MHR Investor Group, Gets the Band Back Together

October 6, 2017 | 0 Comments

Mountain High, one of Southern California’s prominent winter resorts, has been sold by Ski Resort Holdings LLC, an affiliate of Oz Real Estate, to Mountain High Reunited (MHR). MHR is essentially the same group that owned Mountain High in the mid-2000’s before selling it to CNL Lifestyle Properties. The MHR group includes Mountain High’s current president and CEO Karl Kapuscinski, its senior management team and MHR investors.

Terms of the sale were not released. The current Mountain High management team will remain in place and continue to operate the resort.

Mountain High is Southern California’s closest winter resort, located just 90 minutes from Los Angeles and Orange County.

As Southern California’s closest winter resort, Mountain High consists of three separate mountains: West Resort, East Resort and North Resort. Skiing, snowboarding and tubing are available at Mountain High along with 16 lifts and 59 trails. It is the only regional resort with night skiing and snowboarding available seven nights per week during peak season. Mountain High’s winter season traditionally runs from mid-November to mid-April and snowmaking covers more than 80 percent of the slopes.

Given last year’s wet winter, Mountain High anticipates a strong 2017-18 season. With nearly three times as much water available for snowmaking compared to last year, the Mountain High team is busy preparing for the upcoming season, which is anticipated to be in mid-November.

Mountain High will remain a member of the Powder Alliance, a group of 16 domestic and international resorts that share reciprocal season pass benefits. Mountain High is an equal opportunity service provider operating under an Angeles National Forest special use permit.

“We have enjoyed our time with both CNL and Oz Real Estate, but look forward to our next chapter,” said Kapuscinski. “Mountain High is a gateway to winter sports for roughly 18 million people, and with the expanding diversity of the Southern California market, we are very excited about the future. Plans are already being discussed for potential capital improvements for both our winter and summer activities.”

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