Vail Resorts is buying Peak Resorts.

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  1. #1

    Join Date
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    Barto, Pennsylvania
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    Vail Resorts is buying Peak Resorts.

    https://www.peakpass.com/epic-faq/?_...466.1563650414



    Wasn't expecting that to happen.

    http://news.vailresorts.com/corporate/peakresorts.htm

    264 million.

  2. #2
    Just saw this. Went to look for comments on the season pass holder forum for Mount Snow and was locked out. Big changes are coming, and probably even bigger crowds. Ughhh!

    Quote Originally Posted by mbedle View Post

  3. #3
    Quote Originally Posted by njdiver85 View Post
    Just saw this. Went to look for comments on the season pass holder forum for Mount Snow and was locked out.
    Tried the same earlier but got the "you are suspended" message. Nice to know it wasn't just me.

  4. #4
    Edd's Avatar
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    Nov 2006
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    Newmarket, NH
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    Wildcatís Instagram post nearly made me pass out 10 minutes ago.

    IMG_3337.jpg

    WILDCAT A VAIL MOUNTAIN? What in the actual fuck?

  5. #5
    Canít say Iím too surprised. There was no way Peaks was profitable.

    Maybe Attitash will get a new lift or 2

    I can only see mount snow getting more expensive and more crowded.


    Sent from my iPhone using AlpineZone

  6. #6
    Edd's Avatar
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    Nov 2006
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    Newmarket, NH
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    Had I known this I certainly wouldnít have bought the Ikon along with the Peak pass. The Epic Local pass kicks ass even without early pricing.


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  7. #7
    WOW!!! The end of Peak Resorts... I really hope this does not stop the investment at both Mount Snow and Hunter.

    Unfortunately...love it or hate it, Mount Snow was the closest big mountain for a lot of people on here and generally had pretty cheap online tickets and good deals. That's gone now. I also hope the Crotched contingent is going to be OK.

    In other news, there's a going to be a massive alcohol shortage in the Wildcat region for the coming days!!!
    2019-2020 0 days and holding...
    "Skiing is the closest you'll get to flying without leaving the ground." -snowmonster

  8. #8
    BG, please give us your rationale on how Vail will come crashing down in the not-so-distant future...a lot of people need it right now!!!
    2019-2020 0 days and holding...
    "Skiing is the closest you'll get to flying without leaving the ground." -snowmonster

  9. #9
    Quote Originally Posted by ss20 View Post
    BG, please give us your rationale on how Vail will come crashing down in the not-so-distant future...a lot of people need it right now!!!
    I've written here about my thoughts on this in the past, including how I thought Vail would buy Peaks sooner-rather-than-later, as they both needed each other.

    At the end of the day, I've seen this movie many times before, in numerous sectors, and I know how it ends. The film is entitled, "Growth through acquisition rather than organic results", and I've never seen it have a happy ending. Not even once.

    Eventually you run out of, "stuff to buy", and your quality of acquisitions gets worse as you've already plucked the low-hanging-fruit, not to mention the benefits of scale decrease, also you ironically drive up the cost of future acquisitions via your own actions. Growth stalls. Stock drops. Activist investors scream. Ohhh.... and the current CEO probably jumps ship prior to this point (while things still look good) and declares victory, leaving the new CEO with the tough job. This entire process will take some years though.

    EDIT: On the bright side though, BG pockets some SKIS cash from this lunacy.
    Last edited by BenedictGomez; Jul 22, 2019 at 7:29 AM.
    President - Bicknell's Thrush Extermination Solutions (BTES), LLC



  10. #10
    Quote Originally Posted by BenedictGomez View Post

    EDIT: On the bright side though, BG pockets some SKIS cash from this lunacy.
    Hah! I thought you had SKIS stock for some reason. This is one time I actually wish I had invested in something. The stock was so cheap for quite a while and Vail is paying a pretty nice price per share relatively speaking.

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