, called the acquisition “a continuation of our ongoing mission to build a premier portfolio of great mountains in robust markets.”
Alterra bought Bear Mountain and Snow Summit – collectively known as Big Bear Mountain Resort – in 2017, reports show.warned such a purchase “will price thousands of Inland Empire families out of winter sports, severely limiting access to lift operated recreation” in local national forests. A top official for Snow Valley’s legal group said in October the Running Springs resort was owned by the estate of W.R. Sauey, who died in June 2020.In the release Friday, Kevin Somes, Snow Valley vice president and general manager, called the place “a treasured destination since 1924.”“Together” with Alterra, he added, “we will continue its incredible legacy.”
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