FOR IMMEDIATE RELEASE

Pacific Group Resorts Acquires Controlling Interest in Powderhorn Mountain Resort, Colorado

PARK CITY, UTAH – Park City-based Pacific Group Resorts, through its subsidiary
Powderhorn Pacific, LLC, which has operated the resort for the past six years, has acquired
majority interest in Powderhorn Mountain Resort just east of Grand Junction, Colorado. The
Denver-based Gart family will continue to be minority partners in the resort and any future real
estate development.
Reflecting on PGRI’s purchase of controlling interest in Powderhorn Mountain Resort, Mark
Fischer, President and Chief Executive Officer, commented, “Powderhorn has been an integral
part of the Western Slope’s outdoor recreation community for more than fifty years, and we are
excited to further invest in its long-term success. We look forward to building on the strong
foundation our team and the Gart family have established over the past seven seasons in both
skier visits and on-mountain infrastructure. Powderhorn’s best days are ahead, and we’re thrilled
to be part of its next chapter.”
About Powderhorn Mountain Resort
Located near the top of the Grand Mesa on the storied Western Slope of Colorado, Powderhorn
celebrates its 58th year as a scenic, family-friendly resort featuring 1,600 acres of terrain suited
to a variety of abilities and preferences. Powderhorn is known for extending exceptional value to
guests, thanks to improvements at the resort and a mountain focused on creating one-of-a-kind,
year-round experiences. Western Colorado is known for its wide-open spaces, distinctive
topography, and friendly locals. To learn more about Powderhorn Mountain Resort, visit
www.powderhorn.com or call (970) 268-5700.
About Pacific Group Resorts Inc. (PGRI)
Pacific Group Resorts, Inc. is an international resort operating company based in Park City, Utah
whose portfolio includes Jay Peak in the Green Mountains of Vermont, Wintergreen Resort in
the Blue Ridge Mountains of Virginia, Mount Washington Alpine Resort in the Beaufort
Mountain Range on Vancouver Island, British Columbia, Wisp Resort in the Appalachian
Mountains of western Maryland, and Powderhorn Mountain Resort on the Grand Mesa of
western Colorado. PGRI also manages the mountain operations of Ragged Mountain in New
Hampshire, which is not owned by Pacific Group Resorts, Inc. Combined the company operates
over 4,000 acres of ski terrain serving about 1 million skier visits per year, 99 holes of golf, over
40 food & beverage outlets, over 4,000 pillows, plus tennis, pickleball, pools, a water park,
athletic fields, a whitewater rafting course, numerous retail operations, spas, and a variety of
other amenities. For more information on PGRI, please visit www.pgri.us.