Bear Valley Mountain Resort is a ski area in the western United States, located in the Sierra Nevada of California on Highway 4 between Lake Tahoe and Yosemite National Park—about three hours southeast of Sacramento and one hour from Angels Camp. The alpine ski area and a portion of the real estate in the village of Bear Valley was owned by an investment partnership led by a Canadian company, Dundee Realty, from 2005 to 2014, then by Skyline International acquired Bear Valley through October 31, 2023. On November 1, 2023, California Mountain Resort Company, backed by Invision Capital of Chicago, along with ski industry investors Karl Kapuscinski and Tom Cohen announced that they acquired Bear Valley along with properties in the village of Bear Valley. With the acquisition, Bear Valley joins the "Cali Pass" giving pass holders to access 3 other ski resorts in California, as well as resorts at 19 "Powder Alliance Resorts" world wide. The new owners have made many improvements, such as a new bar, refurbished restaurants and plan on completing 4 different lift upgrade projects over the summer of 2024.