TETON VILLAGE, Wyo. — Owners of Jackson Hole Mountain Resort (JHMR) announced on Thursday their intention to sell the resort to a group of local buyers.
“Owners Jay, Connie and Betty Kemmerer found the perfect buyers: 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,” JHMR said in a press release.
“The time has come to transition ownership of Jackson Hole Mountain Resort,” Jay Kemmerer said in a statement “We take great pride in what JHMR has become and what it represents to the Jackson Hole community and the state of Wyoming.”
He went on: “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.”
Jay Kemmerer will remain onboard as part of the ownership group and as a board and executive committee member. Per the press release, Corbat and Macy “do not anticipate any changes to current business operations.”
The deal is expected to close by the end of the year. The “transaction is subject to customary closing conditions and approvals,” JHMR said. “Financial details of the private transaction will not be disclosed.”
