Mammoth Mountain Bolsters Employee Housing, Adds 36 New Units
Mammoth Mountain announced its pending acquisition of the Sierra Lodge, with plans to update and convert the property to employee housing. The Sierra Lodge’s 36 units will provide lodging for up to 72 Mammoth Resorts employees.
“Employee housing is a major focus for us in the current environment, and the acquisition of the Sierra Lodge property is a meaningful step towards addressing the immediate needs of our employees and the Mammoth community,” said Ron Cohen, President of Mammoth Resorts. “One of the aspects of this transaction we really liked was that taking over this lodging property and converting it to housing means that no existing workforce will be displaced by the acquisition, such as it would be if we bought an existing housing property. These new beds will be immediately available and are 100 percent incremental to local workforce housing.”
The property’s central Main Street location and accessibility to Mammoth Lakes’ free bus system make it ideal to house employees. Renovations are scheduled to begin immediately, with plans to house employees this summer. Once ready, each room will offer a kitchenette and private bathroom. Employees will also have access to 30 on-site underground parking spots as well as communal spaces at the Lodge.
The Lodge is conveniently located in downtown Mammoth Lakes on Main Street (Highway 203), just past the Post Office and Angel’s Restaurant. Mammoth Mountain Ski Area is just minutes away and offers many winter activities. The closest Mammoth Mountain chairlift is just 1.5 miles. They are within walking distance to shops, restaurants and nightlife. The new Village Shopping Center is less than a mile away; the Main Lodge and the Lakes Basin are 5 miles from the front door. Yosemite National Park (closed in winter) is just 40 minutes from the front door and Rt. 120 is 25 minutes away.
“I am pleased the Sierra Lodge can add much-needed employee housing to the town of Mammoth Lakes and the Eastern Sierras”, said George Tschiporikov, a long time Mammoth Lakes resident and the current owner of the Sierra Lodge. “The transaction will also enable the Lodge’s staff to continue their employment in similar capacities with Mammoth Mountain Ski Area.”
The acquisition of the Sierra Lodge property adds to Mammoth Resorts’ current portfolio of employee housing, which provides housing to approximately 500 Mammoth Resorts employees.