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Smugglers' Notch Resort to be sold to Bear Den Partners

Bear Den Partners acquires a stake in Smugglers' Notch while preserving its family-focused culture and maintaining employees and season passes, with plans for future resort improvements.

  • On Wednesday, Smugglers' Notch Resort announced a collaborative ownership transition to Bear Den Partners, with the Stritzler family retaining a stake and Lisa Howe serving as adviser.
  • Bill Stritzler sought an independent partner and chose Bear Den Partners because they share his belief in a family-, employee-, and community-focused resort.
  • Bear Den Partners, led by Jon Schaefer and Ken Graham, formed last year and bought Burke Mountain for $11.5 million, planning snowmaking, lift, and lodge upgrades with a full master plan.
  • Employees and season-pass holders will see continuity as existing passes and prices remain unchanged, employees keep jobs with pay and benefits intact, and officials said skiers shouldn’t notice differences during transition.
  • Industry consolidation and past rumors of a Vail Resorts bid raised concern as Smugglers' Notch faces uncertain multi-mountain pass integration next year and past gondola plans were blocked by state environmental regulators.
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  • 67% of the sources are Center
67% Center

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WPTZ broke the news in Plattsburgh, United States on Wednesday, February 11, 2026.
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