The Must-Read Guide of Vail, Colorado- Where to Stay, how to ski the Mountain, Where to Eat and Drink.
This article may contain affiliate/compensated links. For full information, please see our disclaimer here.
This article may contain affiliate/compensated links. For full information, please see our disclaimer here.
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.
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:
Epic Australia Pass Now Includes Unlimited, Unrestricted Access to Hotham Alpine Resort with Sales Deadline Extended to 18 June.
Vail Resorts, Inc. (NYSE: MTN) announced that the 2019 Epic Australia Pass and 2018-19 Epic Pass will now provide unlimited, unrestricted access to Hotham Alpine Resort, in addition to Perisher Ski Resort and Falls Creek Alpine Resort in Australia. To celebrate the best Australian snow conditions in almost 20 years, the deadline to purchase a 2019 Epic Australia Pass has been extended to Tuesday 18, June.
Thanks to nearly a metre of snow across Perisher, Falls Creek and Hotham over the past week, these early season conditions have set up the strongest season opening since 2000. Perisher was able to open for the 2019 season one week early with a 31 May early opening and the new $4.2 million Leichhardt Quad Chairlift is set to make its debut this Thursday. Hotham opened this past Friday 7, June and Falls Creek opened on Saturday 8, June.
Now that other resorts are finishing their season on Memorial Day Weekend, Breckenridge, decided to extend their season till June 9th.
After A Record-Breaking Winter Season And An Abundance Of Spring Snowfall, Breckenridge Ski Resort Announced Today Plans To Extend The 2018-19 Ski And Snowboard Season For Two Additional Weekends Beyond Memorial Day. The Resort Will Remain Open Daily Through Memorial Day, May 27 As Planned, And Then Will Shift To A Weekend Schedule, Offering Skiing And Riding On Saturdays And Sundays June 1-2 And June 8-9, Weather And Conditions Permitting.
“It Has Been One Of The Best Winter Seasons I Can Remember During My More Than 25-Year Career, And We Are Thrilled To Keep It Going For Our Guests And Passholders,” Said John Buhler, Vice President And Chief Operating Officer At Breckenridge Ski Resort.
During The Two Additional Weekends, Operations Will Continue To Be Based Out Of Peak 7, With Access To Primarily Advanced- And Expert-Level Terrain, Via The Independence Superchair.
Vail Resorts Reports Certain Ski Season Metrics for the Season-to-Date Period Ended April 21, 2019
Vail Resorts, Inc. (NYSE: MTN) today reported certain ski season metrics for the comparative periods from the beginning of the ski season through April 21, 2019, and for the prior year period through April 22, 2018. The reported ski season metrics are for their North American mountain resorts, and the metrics exclude results from our Australian resorts and their urban ski areas in both periods. The data mentioned in this release is interim period data and is subject to fiscal quarter end review and adjustments.
Commenting on the ski season to date, Rob Katz, Chief Executive Officer, said, “We are pleased with our overall results as the 2018/2019 North American ski season concludes, with strong growth in visitation and spending compared to the prior year. The results from the key holiday weeks through the spring were largely in line with our original expectations as we saw strong destination visitation following the challenging early season period. Our results throughout the 2018/2019 North American ski season highlight the growth and stability resulting from our season pass, the benefit of our geographic diversification, the investments we make in our resorts and the success of our sophisticated, data-driven marketing efforts.”
Heavenly, Northstar, and Kirkwood Resorts Announce Extended Ski Season
After record-breaking snowfall throughout the Lake Tahoe region in February, the Best of Tahoe Resorts, including Heavenly Mountain Resort, Northstar California Resort, and Kirkwood Mountain Resort announced plans today to extend the 2018-19 ski and snowboard season. Plans may change based on weather, conditions or US Forest Service approval.
During the month of February alone, Heavenly has received 269” of snow, Northstar has received 286” and Kirkwood has received 271”.
“Record-breaking snow conditions paired with the hard work of our mountain operations teams have made for a truly unforgettable season so far,” said Mike Goar, vice president and chief operating officer of the Best of Tahoe Resorts. “With even more snow on the way, we are thrilled to extend the winter operations at all three of our Lake Tahoe resorts and offer skiers and riders additional opportunities to take advantage of these amazing spring conditions across the region.”
A-Basin quits the Epic Pass cash cow due to their lack of parking.
Arapahoe Basin revenues doubled during the decade it was part of the Epic Pass, but parking problems outweigh the benefits of cash flow
From The Colorado Sun
Too many Epic Pass weekend skiers have forced A-Basin to abandon its decade-long partnership with Vail Resorts.
“We are pretty darn full on weekends and we don’t need any more people on weekends. If anything, we could probably whittle those numbers down a little bit,” Arapahoe Basin’s longtime leader Alan Henceroth said Monday, the day the resort announced it had pulled the plug on the Epic Pass partnership for the 2019-20 ski season. “Our parking is our pinch point.”
Arapahoe Basin, a local’s favorite with a rowdy selection of daunting steeps and a rootsy vibe, has thrived for 10 years under a deal with Vail Resorts that included the 1,428-acre ski area on the industry-dominating Epic Pass. Last fall the company sold more than 825,000 of those passes, offering skiing at 65 different locations.
Vail Resorts once owned Arapahoe Basin for a hot minute. But the U.S. Department of Justice in 1997 forced Vail Resorts to sell the ski area near the summit of Loveland Pass, citing antitrust issues after Vail acquired Ralston Resorts’ Summit County ski areas: Breckenridge, Keystone and A-Basin.
Vail’s Summit County ski areas have partnered with Arapahoe Basin on various shared passes since 1998.
Arapahoe Basin, which is owned by Canada’s Dundee Resort Development, was Vail Resorts’ first partner resort on the Epic Pass, which now includes access to privately owned, independent resorts such as Telluride, Sun Valley and Snowbasin.
Sun Valley and Snowbasin Join the Epic Pass
Vail Resorts, Inc. (NYSE: MTN), Sun Valley Resort and Snowbasin Resort jointly announced today that both resorts will join the industry-leading Epic Pass in a multi-year alliance beginning with 2019-20 winter season, adding two new destinations to the world-class access found on the Epic Pass. Epic Pass holders will receive seven days of skiing or snowboarding with no restrictions at both resorts. Epic Local Pass holders will receive two days at each resort with minimal restrictions. Epic 7-Day pass holders can use any or all seven of their total days, with no blackouts, while Epic 4-Day pass holders can use any or all four of their total days of skiing and snowboarding with no restrictions at both resorts. Sun Valley is consistently ranked one of the top ski resorts in North America and Snowbasin is known as a great family-friendly destination, conveniently located near Salt Lake City.
“Sun Valley is a four-season renowned mountain resort and provides visitors from around the world with diverse mountain experiences and world-class dining and shopping. Together with nearby Park City Mountain Resort, Snowbasin has an incredibly rich winter sports history and this expanded access provides two great options for Epic Pass holders in Utah,” said Kirsten Lynch, chief marketing officer of Vail Resorts.
Breckenridge Ski Resort Announces Plans to Regularly Extend Winter Seasons through Memorial Day, Beginning this Spring
Combined with Keystone’s recently announced capital improvement proposal to upgrade snowmaking and position the resort to be the first to open in Colorado, the two Summit County resorts will offer one of the longest ski and snowboard seasons in the country.
After a record-breaking start to the winter season, Breckenridge Ski Resort announced today plans to extend the 2018-19 ski and snowboard season into May, for the first time since the mid-‘90s. The resort will aim to remain open through Memorial Day this season as well as for future seasons, weather and conditions permitting. Paired with Keystone’s recently announced capital improvement proposal—subject to U.S. Forest Service approval—to upgrade snowmaking and help position the resort to be the first to open in Colorado, together Breck and Keystone will offer one of the longest ski and snowboard seasons in the country moving forward.
“Spring is an incredible time to ski Breck’s High Alpine and we are thrilled to extend our season this year, and beyond, and offer that terrain as long as the snow lasts,” said John Buhler, vice president and chief operating officer at Breckenridge Ski Resort. “With Breck’s notably high elevation and annual snowfall we are well-positioned to provide our passholders and other guests great spring skiing and snowboarding well into May.”
During the extended portion of the season this spring the resort plans to offer skiing and riding out of Peak 7, with access to primarily advanced- and expert-level terrain on Peak 8 in Imperial, Horseshoe and North Bowls, accessed by the Independence SuperChair, Imperial Express SuperChair and the TBar Lift while conditions allow.
Continue reading “Breckenridge Ski Resort Announces Plans to Regularly Extend Winter Seasons through Memorial Day, Beginning this Spring”
Crested Butte Mountain Resort Announces Plans to Replace the Teocalli Lift for the 2019-20 Winter Season
Crested Butte Mountain Resort (CBMR) is excited to announce plans to replace the Teocalli Lift – a 1979 Riblet fixed-grip double chairlift – for the 2019-20 winter season, pending approval by the U.S. Forest Service. If approved, the new Teocalli Lift would be upgraded to a fixed-grip quad chairlift, increasing uphill capacity by 50 percent.
The proposed realignment and installation of the new lift would take place following the close of the 2018-19 winter season. Plans to realign the Teocalli Lift would shift the upper terminal closer to the top of the Red Lady Express; the lower terminal would remain in the existing location at the intersection of the Bushwacker, Gunsight Pass and Upper Conundrum trails.
The Teocalli Lift replacement would improve the on-mountain guest experience at CBMR by providing increased uphill capacity, a secondary egress to the base area from the Paradise Warming House and quick access to beginner and intermediate terrain.