Sign In:

×

Last Step!

Please enter your public display name and a secure password.

Plan to post in the forums? Change your default forum handle here!

×
×

Vail Reaching New Altitudes

Vail Resorts Image.

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.

RELATED: City gondolas?

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.

Play
READ THE STORY
Vail CEO Rob Katz Pens Open Letter About Next Ski Season
Up Next News

Vail CEO Rob Katz Pens Open Letter About Next Ski Season

Vail CEO Rob Katz Pens Open Letter About Next Ski Season

Vail CEO Rob Katz wrote a letter with a message for the upcoming ski season. Flickr photo. Back in March, Vail and other large ski industry corporations were faced with the tough decision of closing their resorts – essentially killing off their main revenue streams – in response to the growing COVID-19 pandemic. At this point, it’s unfortunately become clear that we’re all in it for the long haul, and many ski resorts have been asking themselves existential questions about the upcoming

Play
READ THE STORY
Joey Campanelli Smashes Nolan’s 14 Fastest Known Time
Up Next News

Joey Campanelli Smashes Nolan’s 14 Fastest Known Time

Joey Campanelli Smashes Nolan’s 14 Fastest Known Time

For those unaware, Nolan's 14 is an ultrarun in Colorado, traversing 14 14ers in the Sawatch Range. While there is no firmly established route, previously completed runs gain about 44,000 feet of elevation over around 100 miles, with about half of the route being off-trail. RELATED: Check out the TGR Journal Vol. 1 On July 1st and 2nd, 2020, 33-year-old Joey Campanelli ran Nolan's 14 in 41 hours, handily breaking both the unsupported and supported records, which were 49:38 and 46:48,

Play
READ THE STORY
Snow King Ski Resort Gondola Proposal Gets Final Approval
Up Next News

Snow King Ski Resort Gondola Proposal Gets Final Approval

Snow King Ski Resort Gondola Proposal Gets Final Approval

The Jackson Hole Town Council just approved a new gondola for Snow King Ski Resort. Max Ritter photo. Snow King Ski Resort in Jackson just got the green light to start building a new gondola. The new gondola is one aspect of a much bigger expansion plan put forth by the ski resort, which also includes a zip line, a summit observatory and complex for events and weddings, a new snowmaking pump house, and new ticketing facility. For now, the Jackson Hole Town Council gave the gondola the