Purgatory at Durango Mountain Resort announced today that James Coleman, a local real estate and private equity investor, has bought the resort and will start a ski collective in Colorado, New Mexico, and Arizona.
The new collective, which will be named later, is made up of Durango Mountain Resort in Colorado, Sipapu Ski and Summer Resort and Pajarito Mountain in New Mexico, and Arizona Snowbowl near Flagstaff. Coleman has been the principal investor and managing partner of Sipapu, near Taos, for the past 15 years, but his acquisitions of Pajarito and Snowbowl are more recent. According to Durango’s statement, Coleman partnered with Los Alamos County to acquire Pajarito in a deal announced last week. Coleman announced just this week that he has signed a contract for ownership of Snowbowl.
The four resorts together will boast 3,088 skiable acres, 200 trails, 26 lifts, and 13 terrain parks. Kim Oyler, communications director for Durango, said that details for a collective season pass among the four ski areas are still being worked out. Sipapu and Pajarito debuted the New Mexico Power Pass this summer, which grants unrestricted access to the two areas and free skiing at 25 partner mountains. According to Sipapu’s statement, Coleman said that Durango and Snowbowl will keep their existing pass partnerships, which offer free and discounted lift tickets to season pass holders.