Powderhorn, an Opportunity Zone, earns new partner, investor

November 1, 2018 – Yesterday, Powderhorn Mountain Resort announced Denver-based ZOMA Capital as a new equity partner and that Pacific Group Resorts Inc. out of Utah will be taking over day-to-day operations. After a dismal winter season, Powderhorn – one of Colorado’s best-kept secrets in terms of mountain resorts – has been working diligently to expand amenities to become a true year-round destination. The addition of these new partners will help realize resort plans.

Here’s more from The Daily Sentinel:

“‘We’ve been looking for a partner that would allow us to take the resort to the next level,’ Powderhorn General Partner Andy Daly said of ZOMA.

This partnership will yield some infrastructure improvements in the short term at the 1,600-acre resort, including new snow-making capabilities for use at the top of the mountain. The current snow makers only cover the lower 25 percent of the mountain. The new operation would likely be in use for the 2019-20 ski season.

For the summer season, two new mountain bike trails have already been approved and more could be in the works as the owners focus on making Powderhorn a year-round draw in western Colorado…

Zach Buchanan, associate director of ZOMA Capital, said the organization has a passion for outdoor recreation and is set on making Powderhorn a better asset for western Colorado.

ZOMA was also attracted by the recently created Opportunity Zone in eastern Mesa County, an area that includes Powderhorn and communities on Grand Mesa.”

Photo courtesy Powderhorn Mountain Resort.