Mountain High Resorts Purchased By MHR Investor Group
Mountain High, one of Southern California's most prominent winter resorts, has been sold by Ski Resort Holdings LLC, an affilaite of Oz Real Estate, to Mountain High Reunited, a group that includes current President and CEO, Karl Kapuscinski, the senior management team, and MHR Investors. This is essentially the same group that owned the resort in the mid 2000s before selling to CNL Lifestyle Properties.
Terms of the sale were not released. The current management team will remain in place and continue
to operate the resort.
Said President and CEO, Karl Kapuscinski, "We have enjoyed our time with both CNL and Oz Real Estate but look forward to our next chapter. We consider ourselves 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 both winter and summer."
After last year's wet winter, Mountain High is anticipating a strong season. With nearly three times as much water for snowmaking, resort managers are vigorously preparing for the season opening next month.
Mountain High will continue to remain a member of the Powder Alliance, a group of 16 domestic and international resorts that share reciprocal season pass benefits.
Mountain High is Southern California's closest winter resort located just 20 minutes off the 15 Freeway in Wrightwood. It is larger than all three Big Bear resorts in terms of permitted acreage and serves the greater Los Angeles area with skiing, snowboarding and tubing. The area consists of 3 separate resorts,
16 lifts, 59 trails, and is the only regional resort to offer night skiing 7nights a week. A typical season lasts from November to April though they have been known to stay open until May.