Jackson Hole Mountain Resort announced today that they intend to sell. The current owners, the Kemmerer family have held the reigns at Jackson for 31 years having bought the resort in 1992.
Their passion, dedication and commitment turned the resort into a world-class destination. Despite both Alterra and Vail Resorts acquiring numerous big name resorts, Jackson remained independent and family-owned.
In keeping with their independent ethos, the Kemmerer family will be selling to Teton County residents, close Kemmerer family friends and JHMR Board Members Eric Macy, Mike Corbat, their families and a small, select group of co-investors.
“The time has come to transition ownership of Jackson Hole Mountain Resort. We take great pride in what JHMR has become and what it represents to the Jackson Hole community and the state of Wyoming,” said Jay Kemmerer.
“It is of utmost importance to me that the next ownership maintains the integrity and character of the mountain that we have worked so hard to build over the past three decades.
“There is no better fit for this ownership transition than Eric and Mike and their families, who share the same vision for the future of JHMR and its importance to our great community. I’m excited and proud to pass along this iconic, family-run ski resort to these two strong Jackson Hole families.”
During over three decades of ownership, the Kemmerers reached many proud milestones and invested over $300 million in capital improvements in their efforts to improve the Resort and the experience at JHMR for employees, guests and the community.
During their tenor they replaced or built new every lift at JHMR, with Sublette being the final lift to be replaced in 2024; constructed a new $31 million Aerial Tram in 2008 during the financial crisis; built the Bridger Gondola and the Bridger Center in the winter of 1997/1998; built Sweetwater Gondola in 2017 to service Solitude Station, which was built in 2018/2019 and and in 2019 switched to 100% green energy, making it the largest resort in North America to run on green power.
Future new owners, Mike and Eric, do not anticipate any changes to current business operations. The transaction is subject to customary closing conditions and approvals and is anticipated to close by end-of-year 2023. Financial details of the private transaction will not be disclosed.
