Jackson Hole Mountain Resort Will Be Sold This Year
A private ownership group is set to acquire the iconic Wyoming resort later in 2023
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When the Kemmerer family bought Jackson Hole Mountain Resort in 1992 from original founders Paul McCollister and Alex Morley, they embarked on a 30-plus year journey that brought over $300 million worth of upgrades to the Wyoming resort. They replaced the tram, added the Bridger Gondola, and helped to create Jackson Hole Air, the small airline that offers over a dozen direct flights to the local airport, in addition to many, many other accomplishments. Needless to say, it’s been a productive tenure.
On August 3, the Kemmerers announced plans to sell Jackson Hole Mountain Resort by the end of the 2023 calendar year. The prospective new owners are a pair of local skiers and businessmen, along with their families, who plan to take the ski resort into its next phase.
One of the incoming co-owners is Eric Macy, who has been a member of the JHMR board of directors since 2014. Macy has a background in finance and growing and stabilizing both private and public companies, and has lived in Jackson full-time since 2007, where he has founded and run several businesses.
The other new co-owner is Mike Corbat, who also sits on the resort’s board of directors—he joined in 2021 after a 38-year stint as CEO of Citigroup. Corbat and his wife live in Jackson, and he’s a fly fisherman and golfer in addition to skier.
“Mike and I are honored to have the opportunity to carry on the legacy of this world-class ski resort,” Macy said in a press release. “We appreciate all the hardworking employees and members of the Jackson Hole community who have played an integral part in building JHMR into the ski mountain we know and love today. It is our privilege to continue cultivating an authentic resort experience that is treasured by locals and visitors alike. We look forward to many amazing winter and summer seasons to come.”
The sale is expected to close by the end of the year, and the purchase price has not been shared. Macy and Corbat aren’t planning any major changes to business operations at this time, and they will have Jay Kemmerer on hand to help with the transition. After the highly effective upgrade of the Thunder chair last season, the last lift to upgrade is the Sublette chairlift. Other than that, the new owners plan to continue to invest in “resort improvements, employees, and the community while maintaining JHMR’s world-class reputation.”
“Jackson Hole Mountain Resort’s legendary runs, couloirs and iconic features have provided the quintessential ski mountain experience for decades,” reads a statement from Corbat. “Coupled with an enthusiastic skier base and a dedicated community, JHMR defines what it means to be a best-in-class ski resort. We will work hard to preserve the cherished aspects of the ski mountain and continue building on the mountain’s storied tradition.”