Mammoth Resorts Finalizes Acquisition of Big Bear Mountain Resorts


Mammoth Lakes and Big Bear Lake, Calif, March 4, 2015 (GLOBE NEWSWIRE) -- Mammoth Resorts has completed the acquisition of Big Bear Mountain Resorts as first outlined in September, becoming the leading four-season mountain operator in California.

Mammoth Resorts now includes Mammoth Mountain, Bear Mountain, Snow Summit, and June Mountain, which collectively host two million annual skier and snowboarder visits.  Uniting these four resorts under one umbrella paved the way for the Cali4nia Pass, providing skiers and riders with access to 200+ named runs on approximately 4,000 acres of terrain, serviced by 54 lifts.

Beyond the winter season, with the addition Mammoth Resorts will now operate two of the top mountain bike parks in North America along with numerous lodging properties, multiple golf courses and other guest attractions.

"This is more than a merger of ski resorts, we're creating greater access to year-round mountain experiences with a distinctly southern California feel," said Mammoth CEO Rusty Gregory. "At Big Bear Mountain Resorts our goal is to provide the best first-time ski, snowboard and mountain bike experience in the country."

Seasoned resort executive Dave Likins has been named Chief Operating Officer of Big Bear Mountain Resorts with long-term CEO Dick Kun stepping back from day-to-day operations.

"The sale of Big Bear Mountain Resorts to Mammoth Resorts is a win-win for shareholders, suppliers, local businesses, the Big Bear economy, and most importantly, Southern California's skiers and snowboarders," said Dick Kun. "I am both humbled and proud to have been able to help lead the way in making the sale happen as the culmination to my life's work."

About Mammoth Resorts

Mammoth Resorts is the leading four-season mountain resort operator in California. The company owns and operates a variety of recreation, hospitality, real estate development, food and beverage and retail enterprises. This includes Mammoth Mountain Ski Area, Snow Summit, Bear Mountain and June Mountain, which collectively host two million annual skier/snowboarder visits.

Mammoth Resorts is also the owner-operator of Tamarack Lodge and Resort, Mammoth Mountain Inn, Juniper Springs Resort, the Village Lodge, Mammoth Mountain Bike Park, Snow Summit Bike Park, Mammoth Snowmobile Adventures, Sierra Star Golf Course, and Bear Mountain Golf Course.

For more information visit MammothMountain.com or www.bigbearmountainresorts.com.


            

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