Sale of Golden’s Kicking Horse Mountain Resort complete

Negotiations have been completed, and Kicking Horse Mountain Resort is now owned by Resorts of the Canadian Rockies Inc.

  • Dec. 29, 2011 6:00 a.m.

Jordan Petrovics

Kicking Horse Mountain Resort

Kicking Horse Mountain Resort announced today (Dec. 29), the successful sale of the resort to Resorts of the Canadian Rockies from Ballast Nedam, the initial owner and developer of Kicking Horse Mountain Resort. With the completion of the sale, Kicking Horse Mountain Resort now joins Resorts of the Canadian Rockies Inc., one of the largest private ski resort owner/operators in North America.

“We are proud to be joining the RCR family of resorts. I’m confident there will be strong synergies across all resorts and opportunities for continued growth,” said Steve Paccagnan, who will remain leading the resort forward under new ownership as President of Kicking Horse Mountain Resort.

“We are equally as excited to have Kicking Horse Mountain Resort become part of Resorts of the Canadian Rockies. The addition of Kicking Horse brand to RCR adds another one of North America’s top destination resorts to our family of resorts,” said John Shea, Chief Resorts Officer with Resorts of the Canadian Rockies Inc.

It remains business as usual at Kicking Horse Mountain Resort, all existing ski packages, passes and joint agreements will continue to be honoured. The resort has had strong start to the season with over 370 cm of snowfall season to date.

Resorts of the Canadian Rockies Inc. is one of the largest private ski resort owner/operators in North America, now owning six ski resorts across Canada. In addition to the ski resorts, Resorts of the Canadian Rockies Inc. also owns and operates a number of accommodation properties, golf courses, and a central reservation agency.