FIS Rejects $420 Million Media Investment, Athletes Want FIS to Reconsider The International Ski and Snowboard Federation (FIS) recently received a proposal from CVC Capital Partners on November 30, according to an article by Fast Company. The proposal, titled “Project Snow,” offered an approximately $420 million investment in exchange for a 20% shareholding in the commercial rights to FIS’s snowboarding and skiing. This offer was rejected by the Federation days later in […] Industry News Quinn Brophy | December 21, 2024 0 Comments
Alterra Mountain Company to Receive Over $3 Billion From KSL Capital Partners KSL Capital Partners, LLC (“KSL”), a leading investor in travel and leisure businesses, today announced the final closing of a single-asset continuation vehicle for Alterra Mountain Company, with total commitments of over $3 billion, including the commitments of the General Partner and rollover investors. Related: How Ikon & Epic Are Making Skiing and Snowboarding Better The transaction underscores KSL’s commitment […] Industry News SnowBrains | January 31, 2024 0 Comments
Mt. Bachelor, OR, To Sell Chairs from Skyliner Express for Charity For $500 a piece, 50 people can purchase a chair from Skyliner Express in Mt. Bachelor’s effort to raise money for Vamanos Outside. 100% of proceeds will be donated to this organization which focuses on giving Latinx people an opportunity to get outdoors in new, adventurous ways. Related: SnowBrains Podcast #51 | Vamonos Outside – Let’s Get More People of […] Industry News Tate Sundberg | June 8, 2023 0 Comments
New British Columbia ‘Best in the World’ Cat-Skiing Operation Seeks Your Investment A powder-addicted couple out of Kelowna, BC, are following their dreams and setting up a cat-skiing operation in the famous Monashee Mountains of BC, Canada. And they need your help. Related: For Sale: Just $4-Million for the Biggest Cat-Skiing Operation on the Planet A rare and exciting investment opportunity has come up for you to partner with Cassandra and Kerry […] Industry News SnowBrains | August 16, 2022 3 Comments
Vail Resorts Announces its Largest Investment for Upcoming Winter––Its Employees Vail Resorts recently announced the largest single investment the company will make ahead of this coming ski and snowboard season: a wage increase for many workers, including a $15 minimum wage at several of its world-class resorts such as Vail Mountain, Breckenridge Ski Resort, and Park City Mountain. “Talent and staffing is critical to our ongoing success. We are thrilled […] Industry News SnowBrains | July 27, 2021 12 Comments
FOR SALE: Durango, CO Ski Lodge Could Be Yours for Just $4.1-Million A 20,000 square foot ski lodge recently went on the market in Durango, CO. Listed for sale at $4,100,000, the Silverpick Lodge is in the San Juan National Forest, just one mile from Purgatory Ski Resort. The lodge sits along the picturesque San Juan Scenic Skyway and at the base of the Hermosa Cliffs. With 13 bedrooms in the lodge […] Alex Mangels | March 1, 2021 0 Comments
REI- Huge Investment to Find Benefits of “OPTOUTSIDE” REI is putting their money where their mouth is to the tune off $1 million. The CO-OP known for encouraging its employees and customers to #OptOutside has linked up with the University of Washington for an initiative called “Nature for Health.” The goal is to collect data and gain insight on the health benefits of opting out. The study will […] Industry News Mitch Flores | November 2, 2018 0 Comments
New $4-Million Snowmaking System Up and Running at Winter Park, CO | Will Make a Huge Difference to Opening Day The main focus of the almost $30-million investment at Winter Park, CO has been the $16-million, 10-man gondola replacing the aged Zephyr four-pack. But the new lift that takes riders to the summit of Winter Park mountain is no good if there is no snow to shred on. Alterra Mountain Company knew this, so for a quarter of the price of […] Industry News SnowBrains | October 12, 2018 0 Comments
Vail Resorts to Invest CAD$66-Million to Improve Lift System at the Heart of Whistler Blackcomb Vail Resorts are planning on investing a historic CAD$66-million on improving the uphill capacity of the lift system at Whistler Blackcomb in time for the 2018/19 season. The new gondola will also improve mountain access during the summer months too. Here’s the press release in full: Get ready to enjoy more time on the mountain. Vail Resorts has just unveiled […] Industry News Steven Agar | April 27, 2018 0 Comments
Receiver for Jay Peak Resorts Declines $93 Million offer from Bellwether Asset Management and Elicits Further Investigation In the spring of 2014 the Securities and Exchanges Commission (SEC) began investigation and a trial against Bill Stenger and Ariel Quiros. Stenger and Quiros are two major developers who took part in a large portion of the redevelopment for Jay Peak Resorts and its affiliates as well as other projects in the Northeast Kingdom and facilities throughout New England […] Dylan Cautela | September 8, 2016 0 Comments
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