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Vail Resorts stock jumped 10.5% in July thanks to the imminent acquisition of Peak Resorts for $11 per share. After shareholder and regulatory approval is met, the deal will finalize for a total purchase price of around 264 million dollars in a combination of cash and debt.
Peak Resorts will bring an additional 17 resorts under Vail’s direct ownership. The resorts are primarily located in the Midwest, Mid-Atlantic, and Northeast. The opportunity provides Vail the opportunity to strengthen its Epic Pass offerings and create synergistic relationships between its family of resorts. Peak Resorts should generate roughly 60 million EBITDA during Vail’s next fiscal year, which is when full benefits of the acquisition will be realized.
Colorado's San Juan Mountains. Wikipedia photo. Tragic news from Colorado: A woman has died in a freak accident while camping along the southern Colorado Trail. Running 567-miles from Denver to Durango, Colorado, the Colorado Trail is popular with long-distance mountain bikers, horse riders, thru-hikers, and trail runners. It passes below Grizzly Peak, a summit just north of Purgatory Resort, where as reported by the San Juan County Sheriff's Office, a woman was killed by a falling
It might not be the biggest snowcat, but it sure does look snazzy. Panorama photo. Panorama Mountain Resort, located in southeastern British Columbia, nearly has more double-black trails than greens, blues, and blacks put together. As such, it should come as no surprise that they are also planning on operating an inbounds snowcat called "Monster X" to access far-flung, though fully avalanche-controlled zones in Taynton Bowl, located in the northern, AKA upper-left portion of the mountain. The
After overcrowding issues during the 2019 Everest climbing season led to deadly human traffic jams, the Nepalese government proposed new permitting rules for the climb. Under the new rules, prospective climbers would have to prove that they summited another major peak and guiding operations would be required to prove at least three years of high-altitude experience elsewhere before setting foot on Everest. RELATED: Eleven Climbers On Everest this Season Another measure would require