Vail Resorts’ Year End Financials: 13.5% Revenue Increase to $2-Billion, 21.5% Increase in Skier Visits | 19/20 Pass Sales Up 15% Already In an earnings call Thursday, Vail Resorts reported a profit of $301.2 million for the fiscal year, with increased revenues and visitation across its growing collection of resorts, reports Vail Daily. Total mountain net revenue increased 13.5%, to about $2 billion, for the year, which ended July 31. “Our results throughout fiscal 2019 highlight the growth and stability resulting from our […] Industry News SnowBrains | September 27, 2019 0 Comments
Vail Resorts’ Acquisition of Peak Resorts Gets Overwhelming Approval from Shareholders Peak Resorts, Inc. announced Friday that the Company’s shareholders, at a special meeting, approved the merger agreement for the acquisition of the Company by Vail Resorts, Inc. Under the terms of the merger agreement, Peak Resorts’ common shareholders will be entitled to receive $11.00 per share in cash at the closing of the acquisition. Related: Mount Snow, VT Investor Files […] Industry News SnowBrains | September 24, 2019 0 Comments
Vail Resorts Passes on Jay Peak, VT | Will Alterra Be Interested? Vail Resorts has been relentless in recent years in its pursuit of resorts to add to their portfolio. The most recent acquisition of Peak Resorts, set to close in fall 2019, will add a further 17 resorts to their collection. But one resort that’s on the market that they’re not interested in is Jay Peak, VT. Related: Former Jay Peak […] Industry News SnowBrains | September 10, 2019 0 Comments
Mount Snow, VT Investor Files Federal Lawsuit to Prevent Vail Resorts Acquiring Peak Resorts An investor in Vermont resort Mount Snow’s parent company, Peak Resorts, wants to stop a vote on whether to merge with Vail Resorts unless more information is disclosed. Related: Vail Resorts Agrees $264-Million Deal to Acquire Peak Resorts, Owner of 17 US Ski Areas The Brattleboro Reformer reports that the lawsuit accuses Peaks Resorts executives and directors of violating securities […] Industry News SnowBrains | September 4, 2019 0 Comments
Sept. 2 Is the Last Day to Receive Lowest Price for Epic Pass and Epic Day Pass After Sept. 2 all of the Epic Season Pass options and the new Epic Day Pass will go up in price. There is less than a month left to purchase Epic season passes at the lowest price possible. The pass choices include the new Epic Day Pass, which was introduced by Vail Resorts in March of this year. This pass […] Industry News Taliana Potts | August 14, 2019 0 Comments
Traffic on Colorado’s I-70 Finally Leads to Ski Area Bus Service from Denver Interstate 70 notoriously has terrible traffic. Weekend Warriors heading to Vail Resorts from Denver, Colorado are known for clogging up the highway. Friday evening and Saturday morning have the worst traffic, especially during a storm. In a strong snow year like this winter, I-70 is riddled with delays from car wrecks and avalanches. Some of the avalanches even reached the […] Industry News Joseph Phillips | July 31, 2019 3 Comments
Epic Resorts $199 Everest Add-On Satire Piece Fooled Many… Even Google Earlier this week Vail Resorts got the ski industry talking by adding 17 new resorts to their portfolio with the acquisition of Peak Resorts. For many, the rise of these conglomerates gobbling up ski areas to add value to their multi-resort passes will be the death of skiing as we know it. In acknowledgment of this, TGR published a satire piece […] Friday Fun SnowBrains | July 26, 2019 0 Comments
Vail Resorts Agrees $264-Million Deal to Acquire Peak Resorts, Owner of 17 US Ski Areas Vail Resorts, Inc today announced it has entered into a definitive merger agreement to acquire 100 percent of the outstanding stock of Peak Resorts, Inc. subject to certain conditions, including regulatory review and Peak Resorts’ shareholder approval, in a deal worth $264-million. Related: Vail Resorts Recognized as One of ‘America’s Best Employers’ for Fourth Successive Year Through the acquisition, Vail […] Industry News SnowBrains | July 22, 2019 0 Comments
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