aquisition rumors 2010

[arik]

The thread is supposed to be about possible sales or purchases you have heard about this year. (Forgive me and let the thread die if I am the only person who gets excited about this stuff).

I will start, I heard a rumor Peaks is looking into purchasing Stratton. I have not been able to find a newspaper article to substantiate this rumor.

Should I be:

1. worried that mount snow will no longer be feelin the love, i.e. investment $, as intensely (which means the water may not happen as soon)
or
2. excited about the awesome combined pass that may be available were such an aquisition to occur

 

[Glenn]

I think that rumor was debunked at the season passholder Q&A.

And they're full steam ahead with the West Lake project.

 

[dmc]

Hunter on the block rumor still persists,,,

 

[thetrailboss]

I doubt that Peaks has the resources to buy, let alone run, Stratton. That is a huge resort with much real estate development and other off-slope operations. Peak's 2007 purchases of Mount Snow and Attitash kind of got them out of their usual niche of simple day resort destinations with few amenities. That said, in 2007 and 2008 Peaks made some waves with Snow and Attitash by investing in equipment for what they know how to do: make snow. So it is possible, but I doubt that it is a serious fact. However, with Intrawest going down, maybe they would dump Stratton for a firesale price.

That said, I am sure that restructuring will continue with some of the resorts (such as what happened with Okemo and Stowe). Watch to see what Crave (not Ginn) does with Burke.

There are some smaller places to watch such as Eaton Mountain and Whaleback to see what happens since they offer cheaper skiing and riding (well, hopefully Eaton will in 2010-2011). Also watch Wildcat, which IIRC is still on the market as well as Mount Abram in Maine.

 

[TheBEast]

Interesting ideas....haven't heard any myself, but will be interested to see what goes on in the off season.

 

[Puck it]

I heard the federal government was going to acquire all ski areas under the SARP bill. Just a rumor.

 

[chadr2]

Vail buying Whistler?

There are rumors of Vail buying Whistler from Intrawest. That could be a really intersting pass combo. The 2 largest ski areas in North America, and many others (Breck, Keystone, Heavenly and A- Basin) under one pass? Sign me up!

 

[ERJ-145CA]

I heard the federal government was going to acquire all ski areas under the SARP bill. Just a rumor.

As long as they keep them open 7 months a year that's fine with me.

 

[Puck it]

As long as they keep them open 7 months a year that's fine with me.

Along with the lift ticket, there will be a toll for each lift along with a usage fee, but lift ticket prices will remain the same.

 

[deadheadskier]

Smuggs acquires Stowe, installs interconnect lift

 

[arik]

that would be a really awesome lift ride, nice view

 

[ERJ-145CA]

Mountain Creek is for sale too, lots of rumors of buyers but nothing is known yet.

 

[RootDKJ]

Smuggs acquires Stowe, installs interconnect lift

Blue Mountain is buying Stowe...I'm really surprised you missed that. :lol:

 

[Angus]

Also watch Wildcat, which IIRC is still on the market as well as Mount Abram in Maine.

The 'Cat still for sale? I thought the sales offer had been withdrawn.

 

[andrec10]

Hunter on the block rumor still persists,,,

Maybe either Powder corp or Boyne resorts. Still no announcement of the new 6-pack...

 

[midd]

rumblings that attitash is on the block. boyne apparently a potential acquirer.

 

[UVSHTSTRM]

I wish a wealthy INDIVIDUAL would buy Sugarloaf, a individual that has ties to Maine, and knows some basics of operating a ski resort or knows what people to put in charge of operations. I am sick of "The Loaf" being second fiddle to any resort in Maine when it's in a class of it's own and is easily one of the nicest resorts both real estate wise and the mountain itself anywhere in the East. Two new lifts, plus the opening up of Burnt Mountain.

Is that asking for too much?

 

[drjeff]

rumblings that attitash is on the block. boyne apparently a potential acquirer.

Boyne would have to be carefull if they did that with all the properties (and annual skier days) they'd have within a relatively small area - could end up kind of like what the then newly formed ASC had to do when SKI Ltd was bought by then LBO to form ASC and then had to sell off Cranmore, Waterville Valley, and Sugarbush to satisfy the S.E.C. that a monopoly wasn't going to be created

 

[ski_resort_observer]

Boyne would have to be carefull if they did that with all the properties (and annual skier days) they'd have within a relatively small area - could end up kind of like what the then newly formed ASC had to do when SKI Ltd was bought by then LBO to form ASC and then had to sell off Cranmore, Waterville Valley, and Sugarbush to satisfy the S.E.C. that a monopoly wasn't going to be created

Boyne does not own SR, the Loaf and most of the other resorts people think they own but are owned by CNL, they have longterm operator contracts to manage some of CNLs New England properties(CNL also owns Okemo, Loon and Bretton Woods... Triple Peaks(Muellers) and Booth Creek manage them, respectively) so that is the reason they would not be buying Attitash. CNL owns about 15 ski resorts and have been smart about keeping them spread out around the country keeping away from the radar of the Dept of Justice.

LBO was ordered to sell Cranmore and Waterville around 1996 way before ASC became a public company, SEC was not involved, it was the Dept of Justice. Sugarbush was never part of Ski ltd and was purchased by LBO a year before the Ski ltd purchase.and was sold in 2001. Even after ASC was formed, LBO Holdings still remained as the legal corporate name. All my paychecks from 1996-2000 were from LBO Holdings not ASC or Sugarbush.

 

[Hawkshot99]

Boyne does not own SR, the Loaf and most of the other resorts people think they own but are owned by CNL, they have longterm operator contracts to manage some of CNLs New England properties(CNL also owns Okemo, Loon and Bretton Woods... Triple Peaks(Muellers) and Booth Creek manage them, respectively)

CNL also owns Jiminy Peak.