Deer Valley Resort to be bought

The newly formed entity controlled by affiliates of KSL Capital Partners, LLC and Henry Crown and Company that in July joined Intrawest Resorts Holdings, Inc., Mammoth Resorts, and Squaw Valley Ski Holdings has announced, with Deer Valley Resort, that they have entered into a definitive agreement for the newly formed entity to acquire Deer Valley Resort, the companies said.

Financial terms of the transaction were not disclosed.

The transaction is subject to certain closing conditions and is anticipated to close prior to the upcoming 2017/18 ski season.