Powdr Corp., which owns a portfolio of ski resorts in the U.S. and Canada, is divesting Vermont's Killington Resort and Pico Mountain, the largest mountain resort in New England, to a group of local passholders, the company revealed on Thursday.

Powdr also announced its intention to list three additional resorts for sale in the upcoming weeks: Eldora, situated in Colorado; Mt. Bachelor, located in Oregon; and SilverStar, in British Columbia.

The Salt Lake City-based company intends to retain Copper Mountain, in Colorado, and Snowbird in Utah, she stated. The goal is to balance its ski operations with its two concession contracts in the National Parks and operations of Woodward camps and mountain centers, spokesperson Stacey Hutchinson stated via email.

Killington emphasized that the acquisition by local investors signifies “a commitment to keeping Killington and Pico under the stewardship of those who understand and appreciate it." The new owners will prioritize capital investment, community involvement, and sustainability, the resort announced.

Powdr acquired Killington in 2007. The ski resort has long been a destination for the FIS Alpine Ski World Cup tour. Powdr will maintain a small ownership interest and have a representative on the board of directors, the company stated.

“We will feel the absence of the entire team there but are eager to witness the remarkable things that the future holds,” Hutchinson remarked. “The new owners, who are local residents with a profound affection for the mountain, share our commitment to the resort’s enduring success.”

Killington expressed its appreciation for Powdr's stewardship over the years, citing improvements to infrastructure, snowmaking capabilities, and year-round growth.

“We believe that local ownership will enable us to be even more responsive to the requirements and expectations of our community and visitors," said Mike Solimano, Killington's president and general manager.

Killington and Pico will continue to be included in the popular Ikon ski pass, Killington announced. There will be no changes to the leadership or management, it stated.

Powdr previously held ownership of Alpine Meadows, now known as Palisades Tahoe, in California, from 1994 to 2007; Lee Canyon, in Las Vegas, from 2003 to 2023; and Park City Mountain in Park City, from 1994 to 2014, according to Hutchinson.