August 7, 2023 |
Photo – Jackson Hole Ski Resort – Courtesy Powderhounds
An era has ended and a new one begun at the Jackson Hole Mountain Ski Resort.
Longtime owners, the Kemmerer family, have sold the iconic downhill winter resort to a pair of passionate local skiers and their families.
New owner, Eric Macy, has been on the resort’s board of directors for close to 10 years. Macy has a background in finance. He has lived in Jackson full-time since 2007, where he has founded several businesses and started and invested in others.
Macy is joined in the new venture by Mike Corbat, who is also a member of the resort’s board of directors. Corbat joined in 2021 after a 38-year stint as CEO of Citigroup. Corbat and his wife live in Jackson, and he’s a passionate fly fisherman and golfer, in addition to skier.
Macy and Corbat will finalize the purchase of the international ski resort with the Kemmerer family by the end of the year. The sellers bought Jackson Hole Mountain Resort in 1992 from original founders Paul McCollister and Alex Morley.
Over the last 30 years, the Kemmerer family invested $300 million worth of upgrades to the iconic Wyoming resort. They replaced the tram, added the Bridger Gondola, and helped to create Jackson Hole Air, which offers a dozen direct flights into Jackson Hole.
Wyoming Senator John Barrasso complimented the Kemmerer family on the legacy they will leave behind in Jackson Hole. “Jackson Hole Mountain Resort is regularly named one of the best ski resorts in North America,” Barrasso said in a statement Friday. “This is, in no small part, due to the decades of work and investment that the Kemmerer family has committed to make the resort and the Jackson community a world-class destination.”
A report on the transaction, on the Ski Magazine website, reports that the sale is expected to close by the end of the year, and the purchase price has not been shared.
