Huntington Lake, CA – Following a brief hiccup caused by a delayed U.S. Forest Service permit, new owners closed last Friday on their acquisition of northern California’s Sierra Summit ski area.nSki industry veteran Tim Cohee, whose more than 30 years of experience includes a past stint on the management team of Sierra Summit in the early 1980s, and for the past 17 years as president of Kirkwood Mountain Resort, formed China Peak Mountain Resort LLC to purchase and operate Sierra Summit along with partners Tom Klein, whose family founded both Kirkwood and Bear Valley ski areas, and Mike Gillfillan, former Vice Chairman of Wells Fargo Bank, which is serving as the group’s primary lender.

As part of the acquisition, the ski area’s name will revert to its original moniker, China Peak. The closing took place on Friday after the U.S. Forest Service issued a new 40-year Special Operating Permit to Cohee’s organization.

China Peak has already begun marketing memberships in The Peak Club, which includes such amenities as transferable season passes, private lift lines and preferred parking. Individual memberships in The Peak Club cost $2,500, plus annual dues.

China Peak is situated in the Sierra Nevada mountains northeast of Fresno, and operates on U.S. Forest Service land. The medium-sized ski area’s current amenities include seven chairlifts, two handle tows, one magic carpet and one T-bar, spanning 1,679 vertical feet.