CALGARY — Resorts of the Canadian Rockies Inc. (RCR) in Calgary, one of the largest private ski resort owner/operators in North America, is in discussions to acquire the Golden, B.C.-based Kicking Horse Mountain Resort (KHMR) before year-end.
“The possible inclusion of the Kicking Horse Mountain Resort brand within the Resorts of the Canadian Rockies family is a strong, strategic fit and establishes a great platform for the future of the resort,” said Steve Paccagnan, president and CEO of KHRM.
According to a KHRM press release, the four-season, 11-year-old property is the only ski resort in Canada that has realized continuous growth in recent years. It recently obtained provincial approval for a 40-year master plan, which calls for a world-class destination mountain resort with an expanded controlled recreation area, 20,000 bed units, an 18-hole signature golf course, a multi-use trail system with two proposed lifts and 4,188 acres of skiable terrain.
RCR owns five ski resorts across Canada and manages a number of hotels and golf courses.