Alterra's CEO exits less than four years in, the second abrupt departure atop a major ski company in twelve months. When private equity quietly replaces the person who just spent $2 billion of their money, the interesting question isn't why... it's what comes next for the resorts and the people running them.
A recycled "coming soon" headline about a resort that opened in 2019 is masking the real story: Hyatt bought the operator, sold the dirt, kept the management contracts, and locked in 50-year fee streams. If you're an owner watching this playbook, you should be taking notes... and asking hard questions.
A French media conglomerate just paid $69M for a 151-key Hilton Garden Inn, plans to strip the flag and turn it into an "Art Newspaper Hotel." The per-key math tells a story the press release doesn't.
