Thursday 06 December 2018

6 December 2018 - US-based Tamarack Resort Holdings, a partnership of investors and managers, has closed on the purchase of all of Tamarack Resort's operations and key assets in Donnelly, Idaho, the principals said.

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.

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. The resort will open for the 2018/2019 season on 7 December.