To be clear, as noted up thread, there are multiple "KSL" companies, and the one that purchased it is not the one that was originally thought to be buying it. It's a resort company that bought it, not the ski specific company that's part of Alterra. The key point there being that it's not an Alterra resort, so there's no guarantee that they'll be going to Ikon pass. It's not currently Ikon.
I guess. But how do they keep it secret for so long? Discusions of aquistions had to be for at least a year.
kslresorts.com
I will to your thoughts. Every other aquistion KSL has made, there had been press released, Facebook posts, e-mails ect. Nothing with this one. Growing up on Camelback and knowing the amount of traffic that it sees, I did think the silence was indeed deafening.
What do you mean? KSL does own Camelback. But Camelback is part of a separate holding company than Alterra. Maybe one day they will decide Camelback will be affiliated with the Ikon pass, but until then no need for press release, etc. Camelback is not part of Alterra. KSL is not the same thing as Alterra. Alterra is a holding company of KSL, but KSL own a bunch of other stuff as well separate from Alterra.Camelback is held in another holding company outside of Alterra.
Again, to be clear, there are 2 KSLs.... the one that bought Camelback (KSL Resorts) is not the same KSL that is part of Alterra (KSL Capital Partners).
It was a secret because it was sold in 2018 but we never heard about it until April 2019.Not such a well kept secret
Camelback Resort - KSL Resorts
Located in the heart of the Pocono Mountains, this four-season resort offers skiing, tubing, indoor & outdoor waterparks, and more.
Really? Do you have a link for that?
Nope. Live in the area. Everyone knew but no news covered it. It was a secret. Didn’t come out until KSL applied for the liquor license.
Also. Employees we knew had their health insurance changed to KSL BUT news never mentioned anything.
Actually there is one KSL. KSL owns KSL resorts, they have a 75 percent interest in Alterra, and they own other stuff as well. KSL is a private equity company. KSL resorts and Alterra are portfolio companies. But technically, there is one KSL when referring to the private equity company.
I don't beleve that's true. This was discussed a while ago - in this thread I think - and didn't seem to be. Got a link somewhere?
Ask and you shall receive
That is strange. Not sure why they would wait so long and not tell employees about it after the acquisition. Not that you necessarily expect a press release, but you'd expect employees to be informed about it.
Thanks... some time ago earlier in this thread we (well, me at least) were looking for info on the ties between the KSL's and it was sparse. That seems like a new page since then.
