Idaho’s Tamarack Resort Under New Ownership
DONNELLY, Idaho–(BUSINESS WIRE)–Tamarack Resort Holdings (TRH), a partnership of investors and
managers with decades of development and operations experience at
premier resort properties across North America, today announced it has
closed on the purchase of all of Tamarack Resort’s operations and key
assets in Donnelly, Idaho.
“We strongly believe Tamarack has a tremendous opportunity to thrive as
a four-season destination of choice for Idahoans and visitors from
across North America,” said TRH President Jon Reveal. “Our team looks
forward to proving our commitment to all our guests through investment,
completion of unfinished projects and improved resort amenities and
offerings.”
Key among those projects is to complete the Village Plaza at the base of
the resort with enhanced retail, restaurant, lodging and resort
operations in time for the 2019-2020 winter season. The partially
completed Village Plaza includes 36,000 square feet of ground floor
commercial space and 143 residential condos which will be offered for
sale.
After opening in 2004 to global acclaim as North America’s first
all-season destination resort since the early 1980s, Tamarack fell
victim to the global financial crisis of 2008 and briefly shuttered in
2009 before homeowners stepped in to save the mountain from creditors.
For the past eight years, the Tamarack Municipal Association has
operated the resort.
“Tamarack homeowners have always believed in this place, and we welcome
an owner with the experience and expertise that TRH brings to execute on
the original vision of the resort,” said Tamarack Municipal Association
President Louise Francesconi. “Completion of the long-anticipated
Village Plaza, in addition to expanded recreation and lodging offerings,
will help Tamarack reach its full potential.”
The TRH investor Imperium Blue is a joint venture between The Imperium
Companies, MMG Equity Partners, and Blue River Family Office Partners.
Imperium Blue’s previous and current holdings include commercial real
estate and operations at Whistler Blackcomb, Mammoth, Snowshoe, Copper
Mountain and Stratton, among other destination resort locations. Resort-
and ski-industry veteran Jon Reveal will oversee long-term development
and operations as TRH President. Reveal began his career skiing for the
iconic Warren Miller before moving into ski area management at resorts
including Keystone and Arapahoe Basin, and as vice president of
operations for Aspen Skiing Company. He then designed, built and
operated Yellowstone Club, a world-class, private resort. Most recently,
Reveal served as general manager of Sleeping Giant, a nonprofit ski area.
Tamarack Resort is located in the West Central Mountains, 90 miles north
of Boise, Idaho — one of the nation’s fastest growing metros. The resort
will open for the 2018/2019 season on December 7. For more information
on recreation, lodging and real estate, visit tamarackidaho.com.
Contacts
Jessica Flynn, 208-841-1766
jessicaflynn@redskypr.com
