Big Burke announcement

[drjeff]

Hotel may be sold, but what about the ski area.

Wouldn't surprise me in the least if we hear about a few Burke Mtn Academy alums, who moved on post BMA to bigger and better things in the finance world, getting involved, at least on a temporary basis to keep the slopes they spent such a great deal of time training and racing on available for the current BMA students.

Heck, I could even see the parents of a few current BMA students getting together to allow the mountain to operate next year until a permanent owner is found and the deal closes....

 

[VTKilarney]

I had that same concern. If I owned the hotel, I would want to make sure that the ski area is going to stay open. But who will want to run the ski area without the hotel included?

The best hope is that the ski area and the hotel fall under the same ownership.

 

[tumbler]

I think the hotel is much more dependant on the ski area than the ski area is on the hotel. It's nice to have but the mountain has been there a long time with no hotel.

 

[VTKilarney]

I think the hotel is much more dependant on the ski area than the ski area is on the hotel. It's nice to have but the mountain has been there a long time with no hotel.

Yes, but the mountain has never made money. The hotel can change that. So I believe that they need each other.

 

[BenedictGomez]

I think they're both crappy assets.

That said, if they're kept together I wouldn't be surprised if a sale-leaseback occurs. The Burke buyer would immediately recover some cash, and the hotel buyer would have a dependable revenue stream (assuming Burke doesnt go belly up for the Xth time).

 

[from_the_NEK]

I think they're both crappy assets.

Well I think NJ is a crappy asset...

 

[AdironRider]

Id invest in the dirty Jers before touching anything in Vermont.

 

[thetrailboss]

Geesh, we've had some good news the last couple weeks with the mountain getting rebranded, serious purchasers for both the mountain and Hotel, and now Ary being gone. Slow progress. Cautiously optimistic.

 

[thetrailboss]

 

[BenedictGomez]

Id invest in the dirty Jers before touching anything in Vermont.

They're both overvalued, though Vermont's worse than Jersey. Bubble 2.0 is just around the corner.

 

[JimG.]

heh

 

[MEtoVTSkier]

Q removal...

https://www.facebook.com/QBurkeMtnResort/

 

[oldtimer]

That brings a huge grin. Like coming home after a hellacious business trip.

 

[chuckstah]

Q removal...

https://www.facebook.com/QBurkeMtnResort/

I logged into Facebook for the first time in years to like this!

 

[thetrailboss]

Jerry Davis, and other contractors, speak to WCAX:

http://www.wcax.com/story/31852814/will-contractors-lose-millions-after-alleged-massive-fraud-in-nek

 

[thetrailboss]

Nice article in BFP:

http://www.burlingtonfreepress.com/...rke-strong-say-supporters-burke-mtn/83663548/

 

[from_the_NEK]

Nice article in BFP:

http://www.burlingtonfreepress.com/...rke-strong-say-supporters-burke-mtn/83663548/

Nice article. It speaks to the level that people are going to in order to see Burke be successful.

On another note, one of the comments in the article from Sarah Benedict, author of the infamous "I stand with the "Q" " blog post, has been quite active in criticism of both the receiver and FOB over the last couple of days. I'm sure she feels like she is in a tight spot right now as one of the few employees still at Burke and she is worried about her future there but I have to question how she is bringing out her concerns about the receiver's management this early in the process of take over, in such a public way.

 

[BenedictGomez]

A corporate version of Stockholm Syndrome?

 

[River19]

A corporate version of Stockholm Syndrome?

I remember thinking something similar when I first read her "Stand with Q" piece when it came out.

What I don't fully understand is her need to have what IMHO are private/semi-sensitive discussions on social media in full view of whomever. I understand she feels no one is listening to her to a certain extent so she felt FB was the last resort, but that logic baffles me a bit.

I'm sure she has positive intentions however the approach is a head scratcher for me

 

[BenedictGomez]

I'm sure she has positive intentions however the approach is a head scratcher for me

Well if she's worried about her future as you suggest, the worst thing she could do right now is criticize the receiver (especially on day 1).