Vail Resorts to Acquire Peak Resorts, Owner Of 17 U.S. Ski Areas
Vail Resorts, Inc. (NYSE: MTN) today announced it has entered into a definitive merger agreement to acquire 100 percent of the outstanding stock of Peak Resorts, Inc. (NASDAQ: SKIS) at a purchase price of $11.00 per share, subject to certain conditions, including regulatory review and Peak Resorts’ shareholder approval.
Liberty Mountain. Photo: Peak Resorts. Vail Resorts to Acquire Peak Resorts, Owner Of 17 U.S. Ski Areas
Through the acquisition, Vail Resorts will add 17 U.S. ski areas to its network of world-class resorts. Located near major metropolitan areas, including New York, Boston, Washington, D.C., Baltimore, Philadelphia, Cleveland, Columbus, St. Louis, Kansas City and Louisville, the resorts include:
Mount Snow in Vermont
Hunter Mountain in New York
Attitash Mountain Resort, Wildcat Mountain and Crotched Mountain in New Hampshire
Liberty Mountain Resort, Roundtop Mountain Resort, Whitetail Resort, Jack Frost and Big Boulder in Pennsylvania
Alpine Valley, Boston Mills, Brandywine and Mad River Mountain in Ohio
The EagleVail chairlift to Beaver Creek was not accepted by the Forest Service.
A chairlift has been discussed since the 60’s in EagleVail.
From Vail Daily and Aspen Times
The Forest Service and Vail Resorts have cited wildlife impacts to deny building a chairlift connecting EagleVail to Beaver Creek.
Aaron Mayville, district ranger for the Eagle-Holy Cross Ranger District has written to Steve Barber, EagleVail Metro District Manager that “a chairlift from EagleVail, across National Forest and into Beaver Creek is not possible right now.”
And Vail Resorts Executive Vice President, Mountain Division has also written to Barber stating that “we are not interested in discussions regarding a lift from EagleVail to Beaver Creek at this point.”
EagleVail golf putting green photo. Chris Dillmann. Vail Daily. The EagleVail chairlift to Beaver Creek was not accepted by the Forest Service.
The officials of EagleVail were interested in a lift as EagleVail residents also were, as it helps increasing property values as a boon for homeowners and a catalyst for renewal.
Vail Resorts owns and operates Beaver Creek Resort.
David Warner, VP of EagleVail Metro District board and longtime proponent of the lift said: “It’s definitely a setback; these were not good letters.”
A lift of U$D 5.2 million
The lift was envisioned to stretch from the current location of the driving range of the EagleVail Golf Club up to Allie’s Cabin or Rose Bowl.
The proponents believe they had been backed up by Vail Resorts about this lift idea in 2016. A chairlift has been discussed in EagleVail since its inception in the ‘60s.
Even before Beaver Creek was built, there was a plan considered to connect EagleVail with the old Meadow Mountain Ski Area.
Warner said he received a bid for U$D 5.2 million from a lift company to build a 11,250-foot-long lift from the driving range to Rose Bowl. People favouring this envisioned asking voters to get an additional sales tax or using revenue from the tax passed in 2018 to finance the construction and operation of the lift.
The proposed EagleVail lift alignment. The EagleVail chairlift to Beaver Creek was not accepted by the Forest Service.
The Property Owners Association board’s members came to a Metro District meeting in April asking the Metro Board for its blessing to conduct a U$D 15,000 study that would examine if there were ‘fatal flaws’ in the lift plan.
But then the Members of the Metro District suggested to just reach out to the Forest Service and Vail Resorts to see if they support the concept, and the answer was a resounding “no.”
Protection of wildlife, mainly the elk herd.
Mayville wrote in the May 4 email that ‘the entire hillside above EagleVail is an ‘elk refuge’ of sorts – when Beaver Creek was built, (a memorandum of understanding) was signed between the Forest Service, Division of Wildlife, Vail Associates, and others to set aside the area for the protection of wildlife (mainly the elk herd).”
Indoor ski-slope finally opening within American Dream Mall in October
From Commercial Observer and Daily Voice
The 3.1 million-square-foot American Dream Mall in East Rutherford, NJ, will finally open on 25 October, after being built for 16 years (on and off). This was announced by developer Triple Five.
Chalet on the American Dream Mall ski slope. Rendering by American Dream Mall. Indoor ski-slope finally opening within American Dream Mall in October.
This project used to be called Xanadu, and had lots of missed openings, three developers, five governors and a major retail contraction, earning lots of sceptics across the state.
This facility will feature an 180,000-square-foot, 800-foot ski slope (of 16 stories high) and an ice-climbing wall. It will also have a ski school area, a chairlift, terrain park, chalet and restaurants.
74 Employees from Vail stuck at Eagle Bahn Gondola- now evacuated.
The Eagle Bahn gondola in Vail Mountain broke down Wednesday morning at 8.35 AM with employees going up to Eagle Nest.
From Vail Daily
Vail Resorts employees going to Eagle’s Nest had to be evacuated on Wednesday morning when the Eagle Bahn gondola stopped. The employees were evacuated safely by Vail Ski Patrol.
Vail’s Eagle Bahn gondola evaluation. Photo from Michael Shellenberger. Vail Daily.
The gondola was not open to the public at that time and was only uploading the employees to get to work in the morning. The gondola and all Epic Discovery activities were closed for the day.
The company states that whatever has caused the gondola to stop will be fixed before re-opening. The Eagle Bahn Gondola was not opened today 4th July, but instead Gondola One out of Vail Village will be open for access via shuttle and hiking from Mid Vail to Eagle’s Nest for the Epic Discovery Activities, on-mountain dining and dinner at the Game Creek Restaurant. There will not be bike hauling availability.
Was the past one a great ski season? Enjoy it for now!
From Bloomberg Business
This past winter’s weird weather patterns delivered record snowfalls. There are now five North American ski resorts still open and even Mammoth is planning to use its chairlifts in August.
Peak 6 in Breckenridge, CO. Photo Andrew Maguire. Vail Resorts. Was the past one a great ski season? Enjoy it for now!
The ski industry – a business of $8.4 million in North America has gone from being really bad, to have a good year even when there is a fallout of climate change.
Both Alterra and Vail Resorts have taken advantage of this. From November through April, Vail received 13.7 million skier days – a 20% year on year. Total revenue increased 14.5 percent to $1.8 billion.
Red, White and Basin: Ski the 4th of July at Arapahoe Basin!
Arapahoe Basin (A-Basin) will be open for skiing and snowboarding on Thursday, July 4, 2019. July 4 will be the official closing day for A-Basin’s 2018-19 winter season, capping off the longest ski season in Colorado that began October 19, 2018. The last time A-Basin was open on July 4 was 2011. Its longest season was in 1995 when the ski area stayed open until August 10.
Solstice Skiing at Arapahoe Basin. Photo: Arapahoe Basin Resort. Red, White and Basin: Ski the 4th of July at Arapahoe Basin!
A-Basin is able to stay open in large part thanks to higher-than-average snowfall totals and lower-than-average temperatures in the months of March and May, including nearly seven feet of snow falling during March. Even so, it was not a record snowfall year for the ski area. At the start of June, A-Basin was at 106 percent of average snowfall (about 375 inches). Other contributing factors to A-Basin’s late season are its northern-facing frontside slopes and high elevation (10,780’ base; 12,500’ at the top of the highest lifts; 13,050’ peak).
$60 Million Expansion for Arizona Snowbowl to upgrade facilities and ease congestion.
From Arizona Republic
The Flagstaff resort development plans include new lifts, runs and amenities such as mountain biking and a mountain coaster.
Arizona Snowbowl has recently announced that it will invest $60 Million in upgrades including new lifts, night skiing and boarding, and new facilities.
Other activities they are envisioning to include which they are not currently offering are mountain biking, a mountain coaster, alpine slide, zip line tours, a climbing wall and outdoor concerts, broadening their offer for a four-seasons resort.
Arizona Snowbowl- photo: Arizona Republic. $60 Million Expansion for Arizona Snowbowl to upgrade facilities and ease congestion.
General Manager J.R. Murray said: “Obviously there is a growing demand for outdoor recreation, and that is why ski areas are adding year-round activities to utilize the infrastructure on a year-round basis and respond to the demand. And also, the year-round activities diversify the business, so we are not so heavily reliant on winter.”
The improvements will be built over a period of time. If the plans get approval from the U.S. Forest Service, then the work will begin no sooner than 2021 and it will take 10 to 15 years to be completed, Murray said.
Summer Works at Stevens Pass to get a better skiers’ and boarders’ flow.
The two new chairlifts are part of the $35 million investment of Vail Resorts into four mountains including Stevens Pass.
These upgrades are aimed at slopes for beginners’ skiers and boarders.
This summer the chairlifts and loading terminals on both the Daisy and Brooks trails are receiving a complete overhaul as part of an investment by owner Vail Resorts.
Stevens Pass: A Frame is being lifted up for Daisy lift. Photo: Vail Resorts. Summer Works at Stevens Pass to get a better skiers’ and boarders’ flow.
Tom Pettigrew, GM of Stevens Pass Ski Resort said “We listened to what the team had to say about what we could do from an improvement standpoint. This seemed to be where we could focus our investment to have the greatest on-mountain experience change in a positive direction.”
The new quad chair on the Daisy lift access beginners’ terrain and will improve uplift capacity by 33% more. An updated loading area is designed to help beginners loading the lift.
The Brooks terminal is being regraded so skiers have a downhill approach and the chair will be now a quad, doubling the capacity of the double that stand there before.
Thanks for early and late snow, Vermont got the best season in four years.
The Vermont ski areas association 50th Annual Meeting at Jay Peak on June 5-6 gathered members, supporters and friends of the Vermont ski and snowboard industry. Thanks to good snow in the beginning and end of the ski season, this past season was historic.
Smugglers Notch powder. SkiVermont.com Over 4 million skier visits for Vermont.
Vermont saw 207K more skier and rider visits this season than last, an increase of 5.2 percent. The 4,178,533 total skier visits were the highest since the 2014-15 ski season and a 1.2 % higher than the 10-year average seen at the Vermont’s ski areas.
The state’s history early openings with large amount of skiable terrain allowed the season to have these great numbers. Killington opened on October 19, three weeks ahead of opening day and was the earliest opening in the East. Mount Snow Resort had its earliest opening in its 64-year history, opening on October 27. Smuggler’s Notch Resort opened on November 23 with the most skiable terrain on an opening day – 58 of its 78 trails were opened.
Aspen Snowmass to Celebrate 168 days of Skiing and Riding this Season
Aspen Mountain will open for another bonus weekend of skiing and riding Jun. 15-16 over Food & Wine Weekend
Aspen Snowmass announced today two additional days of skiing and riding as part of summer operations over the popular Food & Wine Classic this weekend, Jun. 15-16. making this one of the longest skiing and riding seasons in Aspen history. Skiers and riders will enjoy around 100 acres on a 30-inch base depth.
Group of skiers at Aspen Resort, Aspen, Colorado. Aspen Snowmass. Photo: Aspen Snowmass. Aspen Snowmass to Celebrate 168 days of Skiing and Riding this Season.
“We love that we can celebrate this historic season of snowfall with both skiing and summer activities in Aspen,” says Katie Ertl, senior vice president of mountain operations. “This is the perfect time of year to get outside, and get in two or even three sports in a day, with skiing, biking, hiking, golfing and more.”
The Silver Queen Gondola will be open for sightseeing and the Sundeck, located at the top of Aspen Mountain, will offer food and beverage options as well as a DJ on the deck Saturday. The first Bluegrass Sunday of the summer season will kick off Jun. 16.
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