DENVER – Alterra Mountain Firm, the world’s premier mountain working firm, has introduced a significant terrain growth of Deer Valley Resort that may add 3,700 acres of terrain to its world-renowned, ski-only vacation spot positioned within the Wasatch Mountains in Park Metropolis, Utah. As well as, the event of a brand new village and portal will dramatically enhance entry to the resort whereas including world-class lodging, eating, and retail facilities in partnership with Extell Growth Firm.
The growth will greater than double Deer Valley’s skiable terrain, including 16 new lifts and a brand new 10-passenger gondola, affirming the resort’s dedication to delivering distinctive visitor providers and a ski-only expertise with restricted each day skier counts. The various terrain may even be supported by a brand new cutting-edge snowmaking system and have exact snow grooming that adheres to Deer Valley’s current requirements. The final time Deer Valley noticed a big terrain growth was for the 2007/2008 winter season, with the addition of 200 acres of snowboarding on Woman Morgan Mountain.
The entire undertaking will unfold over the subsequent three seasons, with a good portion of the brand new lifts and trails set to open as early because the 25/26 winter season. When accomplished, Deer Valley will provide 5,726 acres of ski-only terrain unfold throughout 10 mountains.
The Deer Valley funding is along with the $500 million capital program introduced by Alterra earlier this 12 months to boost the visitor and worker expertise throughout its portfolio of 17 locations.
Alterra Mountain Firm is dedicated to investing in large-scale initiatives that may ship differentiated experiences in unimaginable locations and this undertaking is strictly that. “Deer Valley has lengthy been a world-renowned resort and this undertaking will provide visitors extra of what it has all the time been recognized for – legendary service, an distinctive ski-only expertise, and industry-leading culinary choices. Jared Smith, President & CEO, Alterra Mountain Firm
The resort’s new terrain and village shall be entered immediately from a brand new portal through U.S. Route 40, creating a significant jap portal that provides handy entry to the resort from practically each route.
Envisioned in partnership with famend luxurious actual property developer Extell, the village and portal will characteristic over 1,200 new parking spots, and a brand new skier providers facility providing extra premium ski college, tools leases, retail, and meals and beverage facilities.
Deer Valley Resort is thought throughout the globe for its distinctive strategy to first-class service. We’re dedicated to constructing on their well-respected fame and legacy by attracting a few of the world’s greatest manufacturers, along with elevating the dwelling expertise by creating luxurious residences with beautiful structure and design. This partnership with Deer Valley brings collectively two of the perfect within the enterprise of actual property, service and hospitality, and we stay up for working with them to create what would be the crown jewel of Utah. Gary Barnett, Founder & Chairman, Extell Growth Firm
Along with the ski-specific facilities, the brand new village is slated to have over 800 lodge rooms throughout a number of properties, practically 1,700 residential models, 250,000 sq. ft of retail and business area, and 68,000 sq. ft for recreation heart. As well as, the multi-faceted growth is predicted to create roughly 2,000 new Deer Valley job alternatives.
Deer Valley Resort is dedicated to constructing upon our legacy as one of many world’s most distinctive ski areas whereas staying true to our founding ideas created over four-decades in the past. This growth will facilitate even higher entry to the resort for our visitors, whereas providing a considerable improve in world-class facilities in step with the resort’s authentic imaginative and prescient.Todd Bennett, President & COO, Deer Valley Resort
A map of Deer Valley’s deliberate ski terrain growth could be considered right here.
About Deer Valley Resort
Deer Valley Resort positioned in Park Metropolis, Utah, revolutionized the ski {industry} by offering the first-class service one would obtain at a five-star lodge. The ski-only resort affords 21 chairlifts, 103 ski runs, six bowls, 300 annual inches of powder, 2,026 acres of alpine snowboarding, restricted carry ticket gross sales, quite a few eating places, three elegant day lodges, a whole bunch of luxurious lodging and a famend Ski College and Youngsters’s Middle. Deer Valley is honored to be ranked as america’ Greatest Ski Resort by the World Ski Awards for 10 consecutive years.
About Extell Growth Firm
Based and headed by Gary Barnett, Extell Growth Firm is a nationally acclaimed actual property developer of residential, business, retail, hospitality, and mixed-use properties, working primarily in Manhattan and different premier cities throughout the nation. In collaboration with world-class architects and design professionals, Extell creates properties distinguished by subtle design, gracious flooring plans and first-class facilities. Having pioneered growth on Manhattan’s Billionaires’ Row, the agency has developed a few of the metropolis’s most notable luxurious properties together with Central Park Tower, the tallest residential constructing on the earth, and One57, the record-breaking glass tower above Park Hyatt’s five-star flagship lodge. Further accomplished initiatives throughout the portfolio embody One Manhattan Sq. on the Decrease East Aspect; Brooklyn Level in Downtown Brooklyn; The Lofts Pier Village alongside the New Jersey Shore; The Intercontinental Resort and Residences in Boston, MA; 175 West Jackson Road in Chicago, IL; The 4 Seasons Resort and Residences Vail in Vail, CO; and The 4 Seasons Resort and Membership Dallas at Las Colinas in Dallas, TX. For extra data, please go to www.extell.com.
About Alterra Mountain Firm
Alterra Mountain Firm is a household of 17 iconic year-round resorts, the world’s largest heli-skiing operation, and Ikon Cross – the premier ski and snowboard season move providing entry to greater than 50 iconic mountain locations around the globe. Headquartered in Denver, Colorado and born out of a shared love of the mountains and journey, the corporate has introduced collectively a few of the world’s most aspirational manufacturers, together with: Steamboat and Winter Park in Colorado; Palisades Tahoe, Mammoth Mountain, June Mountain, Large Bear Mountain Resort and Snow Valley in California; Stratton Mountain and Sugarbush Resort in Vermont; Snowshoe Mountain in West Virginia; Tremblant in Quebec and Blue Mountain in Ontario, Canada; Crystal Mountain in Washington; Schweitzer in Idaho; Deer Valley Resort and Solitude Mountain Resort in Utah; and CMH Heli-Snowboarding & Summer season Adventures in British Columbia. Additionally included within the portfolio is Alpine Aerotech, a worldwide helicopter assist and upkeep service heart in British Columbia, Canada, Aspenware, the ski {industry} chief in know-how providers and e-commerce, and Ski Butlers, the worldwide chief in ski and snowboard rental supply. For extra data, please go to www.alterramtn.co.
