Simpson Thacher represented Alterra Mountain Company in connection with Deer Valley Resort’s ground lease of ~3700 acres from Extell Development Company and planned expanded ski development. The development will include ~16 new lifts, 10-passenger gondola and various new trails. When completed, Deer Valley will offer ~5,726 acres of ski-only terrain spread across 10 mountains. The expansion will partially serve Extell’s new, adjacent base village area which is planned to house more than 1,500 residential units, hundreds of new hotel rooms and a new skier services facility that Deer Valley will separately lease from Extell, which will feature a ski school, children's programs, rentals and retail.
Alterra Mountain Company owns and operates a range of recreation, hospitality, real-estate development, food and beverage and retail business, including Deer Valley Resort, June Mountain, Stratton, Winter Park Resort, Blue Mountain, Tremblant, Snow Valley, Crystal Mountain, Palisades Tahoe, Steamboat, Schweitzer, Mammoth Mountain, and Big Bear Mountain Resort, amongst others.
The Simpson Thacher team included Krista Miniutti, Avi Kaye, Ryan Kesselring and Elie Lipnik (Real Estate); Chris Brown and Cem Islikci (Credit); and Jessica Cohen (Intellectual Property).