Deal Combines Montana's Big Sky, Moonlight Basin Into Largest Ski Resort In Lower 48

Posted by Mike Terrell
Mike Terrell
Mike Terrell, based in Traverse City, Michigan, has spent the last 25 years trav
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on Sunday, 18 August 2013 in News

Moonlight Basin

CrossHarbor Capital Partners LLC and Boyne Resorts, owner of Big Sky Resort, has entered into an agreement to purchase Moonlight Basin Resort, which straddles the other side of Lone Mountain. The acquisition will create the largest ski resort in the Lower 48.

This follows on the heels of the partnership recently acquiring the rights to neighboring residential community Spanish Peaks for a $26.1 million purchase price. No details on the purchase price of Moonlight Basin were made public.

In a joint statement, CrossHarbor and Boyne, said, "the move is the next step in the creation of one of largest and most compelling mountain resort experiences in North America.”

Big Sky, Spanish Peaks and Moonlight Basin combined would create a resort with over 5,700 acres, a 4,350-foot vertical drop, 23 chairlifts and 10 surface tows. It would outdo Vail by more than 400 acres, which currently holds the title. Boston-based CrossHarbor also owns the Yellowstone Club, a private operation located next to Big Sky. The Yellowstone Club, Spanish Peaks and Moonlight Basin have all filed for bankruptcy in the past.

“The investment reflects the broader potential we see for the region and sets the foundation for long-term growth,” the partners also said in the statement.

No information was currently available on when the consolidation is to actually take place, or how it will impact lift ticket and season pass prices when it takes place.

Big Sky Resort

“The alliance to acquire Moonlight Basin and Spanish Peaks with CrossHarbor Capital Partners, another long-term strategic player in the Big Sky area, creates the opportunity for a stable and coordinated effort in helping the community and the region fulfill its experiential and economic potential," said Stephen Kircher, President of Boyne’s Eastern Operations. "For over 37 years, Boyne Resorts has been a steady custodian of growth of Big Sky Resort. We are truly excited about the positive impact this alliance will have on Big Sky Resort and surrounding communities in Southwestern Montana and permanently solidifying the ‘Biggest Skiing in America’."

It all began 60-some years ago when Everett Kircher, Stephen's father, purchased the hillside land in northern Michigan destined to become Boyne Mountain for $1 It's now the largest family-owned company in the snowsports industry with resorts in Maine, New Hampshire, Michigan, Montana, Utah, Washington and British Columbia.

Top Photo: Moonlight Basin Resort/Facebook; Bottom photo: Big Sky Resort 

 

 

Mike Terrell, based in Traverse City, Michigan, has spent the last 25 years travelling across the Midwest writing about skiing, snowboarding and cross country skiing. He is currently Midwest Editor for SnoCountry.com. Mike has written for SKI, Skiing, Ski Press, Cross Country Skier and several Midwest newspapers including the Chicago Tribune, Booth Newspapers of Michigan and Detroit Free Press among others. He was an outdoor columnist for the Traverse City Record Eagle for 23 years, and for the past 14 years has been Midwest/Ontario editor for OnTheSnow.com and also contributed western travel articles. He’s authored two books on cross country skiing and mountain biking in northern Michigan and is a member of the North American Snowsports Journalist Association (NASJA), Golf Writers Association of America (GWAA), and Michigan Outdoor Writers Association (MOWA).

Comments

moonlightbasin Tuesday, 20 August 2013

Heard any good rumors lately? Well here's a fact we bet you haven't heard...

ALL Moonlight Basin 2013/14 Season Passes and tickets will be valid this season. Access to 1,900 skiable acres, 5 terrain parks, and the legendary N. Summit and Headwaters terrain, guaranteed!

College Season Pass Sale runs 8/21-25, and our regular Pre Season Pass Sale begins next month. This is it. Save a bundle, ski a ton, and make Moonlight your mountain!

STAY TUNED FOR MORE INFO ON THE PENDING SALE.

Skiergirl Thursday, 22 August 2013

So happy to hear that news. That is definitely the best and least crowded skiing in the entire USA!!!

Deb Thursday, 29 August 2013

So are we going to get to ski all 3 for one price?

Deb Thursday, 29 August 2013

Are we going to be able to ski all 3 for one reasonable price?

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