• Welcome to AlpineZone, the largest online community of skiers and snowboarders in the Northeast!

    You may have to REGISTER before you can post. Registering is FREE, gets rid of the majority of advertisements, and lets you participate in giveaways and other AlpineZone events!

Vail to buy Stowe?

machski

Well-known member
Joined
Sep 5, 2014
Messages
3,701
Points
113
Location
Northwood, NH (Sunday River, ME)
no press release but wall street now talking...

http://www.thestreet.com/story/13971085/1/vail-resorts-may-acquire-vermont-s-stowe-mountain.html

in this article it says "nothing has been written or signed." this is consistent with what I've heard this past week. there was a handshake deal done, but nothing official. I think a lot of it is hinging on the price & potential Toll House area development. If there are no major obstacles to developing Toll House the deal could reach $500mil. But if there are land/development issues (and this being VT, there almost certainly is) it could be in the $275-300mil range. This is obviously very speculative, but I've talked to people pretty close to the situation.
If these speculative sales prices are even partially true, their stock price will likely take a hit. Especially if the $500million figure were to happen. Even with Toll House development, no way do I think Stowe is worth that. In an extremely restrictive state on development no less. This smells like all talk more and more each day.
 

fbrissette

Well-known member
Joined
Mar 19, 2012
Messages
1,672
Points
48
Location
Montreal/Jay Peak
$500 million is absolutely insane

Even 275-300$ millions does not make sense.

Consider that the following were sold a couple of months ago for less than 400 millions (all of them together).

Brighton Ski Resort, Utah
Crested Butte Mountain Resort, Colorado
Cypress Mountain, B.C., Canada
Gatlinburg Sky Lift, Tennessee
Jiminy Peak Mountain Resort, Massachusetts
Loon Mountain Resort, New Hampshire
Mount Sunapee Mountain Resort, New Hampshire
Mountain High Resort, California
Northstar-at-Tahoe Resort, California
Okemo Mountain Resort, Vermont
Sierra-at-Tahoe Resort, California
Stevens Pass, Washington
Sugarloaf Mountain Resort, Maine
Summit-at-Snoqualmie Resort, Washington
Sunday River Resort, Maine
[FONT=&quot]
[/FONT]
 

mriceyman

New member
Joined
Jan 4, 2012
Messages
1,344
Points
0
Location
cnj
Even 275-300$ millions does not make sense.

Consider that the following were sold a couple of months ago for less than 400 millions (all of them together).

Brighton Ski Resort, Utah
Crested Butte Mountain Resort, Colorado
Cypress Mountain, B.C., Canada
Gatlinburg Sky Lift, Tennessee
Jiminy Peak Mountain Resort, Massachusetts
Loon Mountain Resort, New Hampshire
Mount Sunapee Mountain Resort, New Hampshire
Mountain High Resort, California
Northstar-at-Tahoe Resort, California
Okemo Mountain Resort, Vermont
Sierra-at-Tahoe Resort, California
Stevens Pass, Washington
Sugarloaf Mountain Resort, Maine
Summit-at-Snoqualmie Resort, Washington
Sunday River Resort, Maine
[FONT=&quot]
[/FONT]

Did all of the land come with those resorts or does someone else own the acreage?


Sent from my iPhone using AlpineZone
 

machski

Well-known member
Joined
Sep 5, 2014
Messages
3,701
Points
113
Location
Northwood, NH (Sunday River, ME)
^^^That said, may not be a fair comparison as CNL was looking to unload the entire portfolio for a while. A direct sale of assets and operations like Stowe would likely command a premium above what CNL/O-Z transaction was, but the mentioned numbers still seem ridiculous.
 

benski

Active member
Joined
Jun 18, 2014
Messages
1,114
Points
36
Location
Binghamton NY
^^^That said, may not be a fair comparison as CNL was looking to unload the entire portfolio for a while. A direct sale of assets and operations like Stowe would likely command a premium above what CNL/O-Z transaction was, but the mentioned numbers still seem ridiculous.

So is paying $1,800 for a pass.
 

Whitney

New member
Joined
Feb 2, 2017
Messages
9
Points
0
no no no. As a former vail employee, I hope the people at Stowe can avoid this!
 

KustyTheKlown

Well-known member
Joined
Mar 1, 2013
Messages
5,362
Points
113
Location
Brooklyn
Jay and Burke would make sense. Montreal market and the Boston/ct/NYC hardcores. All those condos, new hotels, and 4 season amenities. And on sale for cheap cheap cheap
 

jimmywilson69

Well-known member
Joined
Oct 18, 2010
Messages
3,176
Points
113
Location
Dillsburg, PA
Not happening. Have it from a good source the discussions were not all that serious.

Sent from my XT1565 using AlpineZone mobile app
The guy I know that runs a major ski tour company based out of Stowe said it is happening. This guy is well connected with all of the brass at the mountain. He funnels A LOT of business there and would be in the know.

That being said until it happens or doesn't happen then it's just the same Cycle of rumors.

Major surprise powder day today best day I ever had at a Stowe.



Sent from my SM-G930V using AlpineZone mobile app
 

deadheadskier

Moderator
Staff member
Moderator
Joined
Mar 6, 2005
Messages
27,921
Points
113
Location
Southeast NH
My information came today through my best friend who owns a couple of restaurants in town. A top executive of the mountain has been a close family friend of his for 20 years and said there was never any real serious discussion. Now, it's certainly possible that this executive was telling a white lie to quiet rumors until a deal goes through, but I would be very surprised if that was the case.

Sent from my XT1565 using AlpineZone mobile app
 
Top