Peak Resorts -- New Resort Targets?

[skiatomic]

With Peak going public -- much of it to pay down debt, clearly...their offering documents clearly speak towards future acquisitions.

Any thoughts on acquistion targets in New England?

Thoughts?

 

[deadheadskier]

would love to see them take on Ragged. Tons of potential with the right investment.

 

[thetrailboss]

I doubt that they will be expanding. I think that they are more focused on putting things in financial order right now and operating their "portfolio" rather than going on an LBO buying spree.

 

[threecy]

Peak Resorts history: http://www.newenglandskihistory.com/skiareamanagement/peakresorts.php

The IPO is reportedly for about $40M.

They have ~$136M in debt.

Of that debt, $33.6M is due in less than a year.

 

[bobbutts]

I heard whittier and maple valley

 

[Edd]

How about Wildca...oh, wait.

 

[EPB]

I heard whittier and maple valley

Wait a minute. This is a joke, right?

 

[Newpylong]

I heard whittier and maple valley

Whitiwhere? lol

 

[thetrailboss]

Whitiwhere? lol

I doubt that Whittier is in any condition to be started back up. I know that there was a small tubing operation, but nothing major.

 

[Puck it]

Killington

 

[john1200c]

Well they have something in Vermont and a few in NH....perhaps time to reach into Maine.

I'll go with Sunday River or Shawnee due to their proximity to MWV....probably the latter.

 

[thetrailboss]

Killington

Yeah, and I know that someone here has a lease for Cannon available as well! :lol:

 

[vcunning]

I can't believe it's been over 6 hours and nobody has mentioned the Sundown word.

 

[EPB]

I can't believe it's been over 6 hours and nobody has mentioned the Sundown word.

I know right..... Best are east of NYC, west of 91, north of Hartford and south of MA...

 

[Nick]

Out of curiosity, is there any prime undeveloped land that could turn into a new mountain anywhere?

 

[roark]

Out of curiosity, is there any prime undeveloped land that could turn into a new mountain anywhere?

Ever been to nelsap.org?

 

[AdironRider]

Ever been to nelsap.org?

While NELSAP is really cool to cruise around and see what used to be there, there are very few if any areas that I really feel that bad about as if Im missing something.

I don't see really the need for any more ski areas, there are plenty as it is. I like the Shawnee prospect. Ive always thought that place was really underrated. I bet the new summit lift has only made it better. Two distinct base areas, pretty much lakefront property, should still be plenty of real estate to develop if they wanted. Seems like all the pieces are there.

 

[drjeff]

Out of curiosity, is there any prime undeveloped land that could turn into a new mountain anywhere?

Yup. But then there's that little issue of getting the multiple permits, environmental impact studies, etc, etc, etc that a potential from scratch new devloper would have to face, which would likely already consume a few years and millions of dollars BEFORE construction could begin

 

[RootDKJ]

I'd love for Peaks to buy Blue Mountain.

 

[mrksn]

I'd love for Peaks to buy Blue Mountain.

I second that but with JFBB in their portfolio that probably won't happen. Blue has come a long way in the past few years.. I would think they are ripe for the right investor