After 31 years of ownership, the Kemmerer family announced its intent to sell Jackson Hole Mountain Resort (JHMR) in Wyoming, US. The Kemmerer family bought JHMR in 1992, and their passion, dedication and commitment turned the Resort into a world-class destination.
As the Kemmerers watched the consolidation of the ski industry, their highest priority was maintaining JHMR’s status as an independent, family-owned resort. 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.
“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.”
Under Jay’s leadership as chairman, the Kemmerers have invested over $300 million in capital improvements, and their efforts to improve the resort and the experience at JHMR for employees, guests and the community will have an everlasting impact.
“Mike and I are honoured to have the opportunity to carry on the legacy of this world-class ski resort,” said JHMR Board Member and new owner Eric Macy. “We want to thank everyone at JHMR in advance for their support as we begin this next stage and are committed to our ownership for decades. We appreciate all the hardworking employees and members of the Jackson Hole community who have played an integral part in building JHMR into the ski mountain we know and love today. It is our privilege to continue cultivating an authentic resort experience that is treasured by locals and visitors alike. We look forward to many amazing winter and summer seasons to come.”
“Jackson Hole Mountain Resort’s legendary runs, couloirs and iconic features have provided the quintessential ski mountain experience for decades. Coupled with an enthusiastic skier base and a dedicated community, JHMR defines what it means to be a best-in-class ski resort. We will work hard to preserve the cherished aspects of the ski mountain and continue building on the mountain’s storied tradition,” said JHMR Board Member and new owner Mike Corbat.
Following the transition, Jay will remain actively involved in JHMR as a part of the new ownership group and as a board and executive committee member, providing his expertise and insight and helping to guide the strategic direction of the Resort.
The transaction is subject to customary closing conditions and approvals and is anticipated to close by end-of-year 2023.