The Kemmerer family has officially closed a deal to sell Jackson Hole Mountain Resort (JHMR) to local Jackson Hole, WY investors Mike Corbat and Eric Macy, who the Kemmerer family said are perfectly positioned to continue JHMR’s legacy atop the adventure sports industry.
Terms of the deal were not disclosed.
The Kemmerer family bought JHMR in 1992, and over more than three decades transformed the Resort into a world-class vacation destination. JHMR has received eight Top 10 placements in rankings from national publications this season alone, including being named Best Resort in North America by SKI Magazine, the #3 resort in the world by The Wall Street Journal, and one of the Top 10 U.S. ski resorts by Conde Nast Traveler.
The resort’s status as a premier all-season destination directly results from the Kemmerers’ vision—to remain an independent, family-owned resort. Owners Jay, Connie and Betty Kemmerer said they found “the perfect buyers to continue that tradition in Corbat and Macy,” both full-time residents of Jackson Hole. Macy has been a JHMR board member for nine years and Corbat for two.
“The Kemmerer family is proud and happy to pass our legacy asset into capable hands. Mike Corbat and Eric Macy are great friends and will do an outstanding job leading Jackson Hole Mountain Resort,” said Jay Kemmerer, who has served as the chairman of JHMR since 1992. “I will remain on the Board and Executive Committee and play a Senior Advisory role. And our family will continue as an equity owner in the company.”
Kemmerer continued, “I would also like to thank my sister Connie for providing insight and direction to our new and old buildings, and her contributions to wellness in the valley and to St. John’s Hospital,” added Kemmerer. “A special thanks to the Jackson Community for supporting us as we renewed the Resort. And to Paul McCollister for taming the challenging but wonderful terrain.”
Three Decades of Ownership With the Kemmerer Family
Under Jay leadership as chairman, the Kemmerers invested over $300 million in capital improvements. His vision to make JHMR a world-class resort included constructing a $31 million aerial tram in 2008.
The Kemmerers have a long history of support in the Jackson Community and Wyoming, making significant, ongoing contributions to St. John’s Health, Teton County Search and Rescue, the Community Foundation of Jackson Hole, Friends of Pathways, Grand Teton National Park Foundation, Teton Science School and the University of Wyoming, among other charitable endeavors.
JHMR Next Generation of Ownership
Corbat and Macy do not anticipate changes to business operations. Having worked with Jay and Connie Kemmerers as board members, they have contributed key input into and approved JHMR’s operating and financial plans.
Image courtesy Jackson Hole Mountain Resort
