I'd be more worried about who's running the place than big bad Wall Street.
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Peak Resorts: The New ASC?
- Thread starter ss20
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I'd be more worried about who's running the place than big bad Wall Street.
You would think that when Omni took over, but they've still maintained being one of, if not the first ski area to open for the season in the state and the second to last to close. They also still blow a ton of snow.
Skiing is definitely a HUGE focus for them still.
I'd be most worried about activist shareholders who try to put an end to any future trail expansion!
Tin
Active member
I would view what Wildcat does with their new system as an indicator. If they go nuts early and it brings in the people they will sell it, if the visits don't come they're really really screwed. If they don't go nuts with it then who knows, maybe just bad business.
VTKilarney
Well-known member
My point was that blowing snow at Bretton Woods fills hotel rooms and condos. Blowing snow at Wildcat does not.
The only thing holding Crotched back is the crap ass roads to get there. It certainly isn't the skiing product. That is fantastic for a little 900 vert hill.
Someone needs to convince the state to expand 101 West into a highway like the eastern half of the state. That would be great for the economy in the Southwestern part of the state.
MadMadWorld
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Have you been there?
noreasterbackcountry
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After discovering the Crotched sidecountry/slackcountry last year I'll be heading up there for my quick get-away ski days- versus Wa-wa. Crotched is a little futher from MetroWest Boston... and the back roads make it a bit hairy in bad weather, but there's just much more fun factor up there.
Throw in the new Crotched Rocket... that place almost makes me forget about East Bowl. Almost.
Tin
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It is amazing. The opening of the West Ledges gets skied off quick but there are a lot of options down that not everyone knows about. The back and area around the Snakerun are not hit nearly as hard.
noreasterbackcountry
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Yeah I was in there three days after a big storm last winter and still found untouched stuff with just a little schwacking.
Tin
Active member
The biggest issue is kids or beginners getting in there an snow plowing all the snow off the rocks and ledges.
ThinkSnow
Member
Midstation should be at the base of Tucks, and it should include a bar.
skiNEwhere
Active member
So I'm guessing there might be 3-5 days a season where that lift isn't on wind hold?
VTKilarney
Well-known member
You people are proposing something much too simple.
Here is how they should join the resorts:
A magic carpet that takes you to a shuttle bus that connects with the cog railway. Once you get off the railway at the summit you transfer to either a mountain coaster or zip line to the base of Wildcat.
Here is how they should join the resorts:
A magic carpet that takes you to a shuttle bus that connects with the cog railway. Once you get off the railway at the summit you transfer to either a mountain coaster or zip line to the base of Wildcat.
Then everyone will go there and all we'll hear about is how crowded it gets.
Crowded is a relative statement. This is New Hampshire we're talking about.
drjeff
Well-known member
Peak more than likely gives Wildcat a few years before any real consideration of selling. They've got of couple of their company wide young gun, rising stars there running it and now they seemingly have working infrastructure unlike last year
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Highway Star
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You can't run eastern ski areas with a 80% LTV (loan to value) mortgage at a 10% interest rate. No way, not a chance. These guys are hosed.
trackbiker
Active member
I think this revenue summary shows how some of these little areas can be very profitable. I would bet their percentage of profit is much higher than the larger areas when you look at skier numbers and costs. Little 300 ft. Mad River OH is number 3 for revenue. :-o Wildcat is number 11 but that could be because of the problems they had last year.
Attachments
Those #'s are for revenue, not net profit. There is a big difference!
In the last couple of years they have invested over $4,000,000 at Crotched and Wildcat, above and beyond normal operating expenses, with yearly revenue of less than $8,000,000. Going to be a while before that investment is paid back.
In the last couple of years they have invested over $4,000,000 at Crotched and Wildcat, above and beyond normal operating expenses, with yearly revenue of less than $8,000,000. Going to be a while before that investment is paid back.
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