Powdr sells Killington, Vermont, the largest mountain resort in New England

Powdr also announced that it plans to offer three more resorts for sale in the coming weeks: Eldora in Colorado, Mt. Bachelor in Oregon and SilverStar in British Columbia.

The Salt Lake City-based company will keep Copper Mountain in Colorado and Snowbird in Utah, she said. It wants to balance its ski business with its two concession contracts in the national parks and operations of the Woodward camps and mountain centers, spokeswoman Stacey Hutchinson said by email.

Killington said the purchase by local investors represents “a commitment to leaving Killington and Pico in the hands of those who know and love it.” The new owners will focus on capital investment, community engagement and sustainability, the resort said.

Powdr bought Killington in 2007. The ski resort has been a stop on the FIS Alpine Ski World Cup Tour for years. Powdr will retain a minority stake and have a seat on the board, it said.

“We will miss the entire team there, but can’t wait to experience the amazing things that lie ahead,” said Hutchinson. “The new owners, locals with a deep love of the mountain, share our commitment to the long-term success of the resort.”

Killington said they are grateful to Powdr for their long-standing support, which has led to improvements in infrastructure, snowmaking capabilities and year-round growth.

“We believe that local ownership will allow us to better meet the needs and desires of our community and our guests,” said Mike Solimano, president and general manager of Killington.

Killington and Pico will remain on the popular Ikon ski pass, Killington said. There will be no changes in leadership or management, he said.

According to Hutchinson, Powdr previously owned Alpine Meadows, now Palisades Tahoe, in California from 1994 to 2007, Lee Canyon in Las Vegas from 2003 to 2023 and Park City Mountain in Park City from 1994 to 2014.