American company purchases Silver Star Mountain Resort

Silver Star Resort sold

Silver Star Mountain Resort has been sold.

POWDR, an adventure lifestyle company with destinations across North America, announced it has acquired Silver Star Mountain Resort making it POWDR’s first mountain resort in Canada. 

The acquisition brings together two family-owned companies, including POWDR, an independent company and Jane Cann, who has owned Silver Star since 2002 and served as president since she acquired 100 per cent of Silver Star in 2012.

POWDR and Cann share a common vision for the long-term success of SilverStar as a community-oriented favourite for year-round, authentic family adventure.

POWDR is acquiring Silver Star Ski Resort Ltd. and Silver Star Holidays Ltd., which operate Silver Star Mountain Resort, from Cann, who will retain Schumann Resorts Ltd., which holds 30-acres of Silver Star real estate development land. 

“SilverStar is a world-class destination that fits well with who POWDR is, what our properties are — community favourites — and our commitment to protecting and enhancing the authentic year-round adventure experience for generations to come,” said Justin Sibley, POWDR co-president.

“The resort team is impressive and they have an incredibly strong relationship with the community, which we hope to build upon. We are pleased to continue Jane and SilverStar’s more than six decades of fun, legacy and vision.”

SilverStar joins the POWDR portfolio of 10 mountain resorts in California, Colorado, Nevada, Oregon, Utah and Vermont.

There are no changes to Silver Star 2019/20 season passes, current operations or reciprocal agreements with other resorts.

“I am thrilled to pass the torch to such a competent and qualified operator as POWDR, who shares the same mission and beliefs for the SilverStar resort community and is committed to delivering memorable experiences and enhancing people’s lives,” said Cann.

“POWDR is an enduring company focused on patiently making each of its destinations the best version of itself locally. I am confident that their scale and expertise will be beneficial in working toward the realization of SilverStar’s newly approved Master Plan.”

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