Alterra Mountain Company in Denver says it has entered an agreement to buy Sugarbush Resort in Vermont.
Alterra’s chief executive officer said Wednesday that it’s excited to expand in the Northeast. It also owns Stratton Mountain in Vermont.
The company says Sugarbush president Win Smith will remain in that role and will oversee daily operations and plans for future capital improvements.
Terms of the transaction have not been disclosed.
Officials say the sale is expected to close in the first quarter of 2020.
The purchase would increase Alterra Mountain’s total year-round mountain destinations to 15 in six states and three Canadian provinces.
Among the Alterra Resorts are Steamboat and Winter Park in Colorado; Tremblant in Quebec; and Deer Valley Resort and Solitude Mountain Resort in Utah.
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