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SoCal’s Snow Summit, Bear Mountain Post ‘For Sale’ Sign

Bear Mt.

Snow Summit Ski Corp, owners of Snow Summit and Bear Mountain ski areas in Southern California’s San Bernardino mountains says it has retained investment bank Houlihan Lokey to market the resorts to potential buyers.

 

A press release says “H.L. will contact various potential buyers, both within and beyond the ski resort industry, informing them of Snow Summit’s attractiveness as an acquisition.”

 

Corporation President Richard Kun said in the news release, “Confidentiality is a necessary part of this process so, at least for now, Snow Summit management and directors will not be able to answer questions beyond what is stated in this release.”

 

Snow Summit was assessed to be worth $6.14 million in 2012, up from $5.93 million in 2010, the San Bernardino Sun reports from County records. Those same records show Bear Mountain was purchased for $200,000 in 2003 and Bear was valued at $5.7 million in 2012.

 

The two ski areas at long-time Southern California vacation spot Big Bear Lake are two miles apart. Shuttle busses regularly run between them in winter. Snow Summit has 11 lifts, while Bear has nine. Base elevations are 7,000 feet with peaks rising above 8,000 feet. Snow averages are about 100 inches per year.

 

Snow Summit caters mostly to mountain bikers during the summer and is currently installing a zip line. A golf course is located near the lodge at Bear Mountain.

 

Tommi Tyndall and his wife, Jo, brought investors together in 1950 to develop Snow Summit. Construction began two years later. The nation’s first detachable chairlift was completed in 1953. Tyndall brought snowmaking to Southern California by 1964. He was killed in a tractor accident on the mountain. Current President Kun is Jo’s son.

 

Photo: Bear Mountain entrance 

 

 

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