Powdr selling Killington and other resorts

[Flounder]

Pretty cool to see Killington return to independence. Powdr is only keeping Snowbird, Copper, and the Woodward brand.

https://www.stormskiing.com/p/powdr-...m_medium=email

[m2711c]

https://www.saminfo.com/news/sam-hea...ocal-investors

[el hefe]

My local hill, Silver Star, is up for sale.... will be interesting to see what happens.

[puma]

Interesting times. I don't follow this close, or even know if there has been turnover in the past. But if a sale goes through on an "IKON" resort, they pretty much HAVE to honor that for the coming year, correct?

[hawkgt]

Interesting times. I don't follow this close, or even know if there has been turnover in the past. But if a sale goes through on an "IKON" resort, they pretty much HAVE to honor that for the coming year, correct?

yes!!! maybe, i think....... never put it past a corp legal department though.

[St. Jerry]

Any idea as to the sales price and what Killington was earning?

[byates1]

Weird stuff. Collapse? Seems odd.. whatever

[Stuntmonkey]

My local hill, Silver Star, is up for sale.... will be interesting to see what happens.

Kinda hope Big White buys them.

[brutah]

Interesting times. I don't follow this close, or even know if there has been turnover in the past. But if a sale goes through on an "IKON" resort, they pretty much HAVE to honor that for the coming year, correct?

The article states it won’t affect operations for the upcoming ski season.

Also, good news is POWDR won’t sell any of these resorts to Vail or Alterra.


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[puma]

The article states it won’t affect operations for the upcoming ski season.

Also, good news is POWDR won’t sell any of these resorts to Vail or Alterra.


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I skimmed the article, thanks for the info.

[::: :::]

Hmm, Bachelor going back to indie...?

[Name Redacted]

Also, good news is POWDR won’t sell any of these resorts to Vail or Alterra.

Where did you see that? Because I saw this: "And in 2014, Colorado-based Vail Resorts orchestrated what amounted to a hostile takeover of Park City Mountain Resort, which POWDR had operated for 20 years (a POWDR representative told The Storm that “there is no lasting animosity” between the two companies, and that Vail Resorts was welcome to bid on the available ski areas)."

[jhyatt]

https://www.boston25news.com/news/lo...H2VVNMCW3JV74/

Killington sold to local rich skiers.

[m2711c]

apparently, locality trumps net worth.

fact.

[brutah]

Where did you see that? Because I saw this: "And in 2014, Colorado-based Vail Resorts orchestrated what amounted to a hostile takeover of Park City Mountain Resort, which POWDR had operated for 20 years (a POWDR representative told The Storm that “there is no lasting animosity” between the two companies, and that Vail Resorts was welcome to bid on the available ski areas)."

I guess anything is possible for the right price but I have some intel that John Cummings won’t sell to those companies. He particularly hates Vail for how the PCMR hostile takeover played out, that one still hurts especially since he lives in PC…..


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[Name Redacted]

I wouldn't be surprised if they picked up Eldora or Batchelor.

And what better way to screw them over than to charge them far more than the actual value?

[::: :::]

Bachelor doesn’t have real estate development potential
So…maybe not the hot property in Vail Corp’s profit vision