Alterra Mountain to acquire Arapahoe Basin, Colorado's fiercely independent ski area

Details: Terms of the agreement were not disclosed but more details are expected to be released once the transaction closes later in 2024.

• The acquisition will include new capital improvement plans, including expanded parking and snowmaking, the company said in a statement.

Be smart: No changes to this year's pass access are expected "at this time," according to Alterra officials.

Of note: Alan Henceroth, A-Basin's chief operating officer, will continue to lead the resort and oversee daily operations. He has been with the mountain resort for over three decades.

What they're saying: "We have worked with Alterra Mountain Company since 2019 when we joined the Ikon Pass community, and we have every faith that Alterra is committed to helping us maintain A-Basin's authenticity," Henceroth said in a statement.

The big picture: With the latest addition, Alterra's fingerprint stretches 18 year-round mountain destinations across the continent.

What we're watching: Whether Alterra's acquisition will alter A-Basin's contrarian status as a no-frills, no-village resort.