Mammoth Acquires 2 Popular Ski Resorts

Two of Southern California's most popular ski resorts now have new ownership.

The company that operates Mammoth Mountain Ski resort is buying Big Bear and Snow Summit near Big Bear Lake in the San Bernardino Mountains in a $38 million deal.

This latest purchase follows a new trend of large resort developers acquiring some of the nation's most popular ski areas.

"In the coming months we will be announcing exciting new development and expansion plans for each of our four resorts designed to attract visitors from down the street, across the country, and around the world," Rusty Gregory, CEO of Mammoth Mountain, said in a news release.

In conjunction with the acquisition, Mammoth has announced a new season pass that includes unrestricted access to all four mountains, costing $689 for adults.

The Cali4nia Pass will go on sale at the Hot Dawgz and Hand Rails event at Bear Mountain this Saturday. It will also be available online for a limited time here.

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