KSL Capital Partners was formed in 2005 by Michael S. Shannon, the firm's Chairman, and Eric C. Resnick, Chief Executive Officer.
Mr. Shannon was a founding principal of KSL Recreation Corporation in 1992, which was a platform company of Kohlberg Kravis Roberts and Co. Over the next decade, with the assistance of Mr. Resnick as its Chief Financial Officer and KKR, KSL Recreation grew to become one of the largest independent owners and operators of resorts, controlling some of the most well known destinations in the world. KSL owns 2 Mountain Resorts in California, on the North Shore of Lake Tahoe in the Sierra Nevada: Alpine Meadows and Squaw Valley.
KSL also owns a 24% interest in Whistler Blackcomb, British Columbia.
Squaw Valley and Alpine Meadows combined operations at the end of 2011 and offer skiers and riders over 6,000 acres, 44 lifts and over 270 trails on a common lift ticket.
Host of the 1960 Winter Olympics, Squaw Valley is internationally renowned for legendary terrain that spans 3,600 skiable acres, six peaks and 30 chairlifts, and ranges from an expansive mountaintop beginner area to unrivaled expert steeps, trees and bowls. Off the mountain, families relax in The Village at Squaw Valley, enjoying a host of restaurants, bars, boutiques and art galleries.
Squaw Valley was purchased by KSL Capital Partners in November 2010.
In September 2011, Alpine Meadows and Squaw Valley Ski Resort merged. The two resorts will retain their distinct identities and unite under common management led by Squaw Valley’s parent company, KSL Capital Partners, LLC. Alpine Meadows’ parent, JMA Ventures, will own a smaller part. The new umbrella entity over both resorts will be known as Squaw Valley Ski Holdings, LLC
Ranked as a top winter resort by SKI Magazine, Alpine Meadows is known for its abundant and varied skiable terrain, family-friendly atmosphere, and innovative children’s ski and snowboard programs. Alpine’s seven powder bowls, groomed slopes, and authentic hospitality are among the many attributes that have made the resort a favorite of the local community and visitors alike. Alpine Meadows offers skiers and riders access to more than 100 trails across 2,400 skiable acres serviced by 14 lifts.