Mammoth Mountain’s on the selling block | SummitDaily.com
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Mammoth Mountain’s on the selling block

CLIFF THOMPSONeagle county correspondent

MAMMOTH LAKES – California’s largest ski area, Mammoth Mountain, is on the sales block.Controlling interest in the resort 300 miles north of Los Angeles is being sold by founder David McCoy, 89, who informed employees Wednesday of his decision, according to wire service reports. Last year the resort hosted 1.4 million skiers.Speculation throughout the ski industry has Vail Resorts and Intrawest, the two largest ski resort competitors in North America, as likely bidders on the property, which could fetch as much as $200 million. Intrawest is a logical purchaser. It teamed up with McCoy in 1996, has invested $1 billion in a base village at Mammoth and has made on-mountain improvements. It is also completing a $140 million Westin Hotel in Mammoth Lakes.


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