Huntah sold to Peak Resorts

[RichT]

Anyone there today please give a report. I'll probably go up tomorrow if all is well.
Also do use my older skis so I don't damage my newer ones?

I was there today, they made ATON of snow!! 6pack, triple, F and B all running. new trails were Cliff, Minya, and Eastside. Snow was good but got moguled up pretty fast. They're making snow on Belt, upper K, lower crossover! It will only get better than this!

 

[keyser soze]

I was there today, they made ATON of snow!! 6pack, triple, F and B all running. new trails were Cliff, Minya, and Eastside. Snow was good but got moguled up pretty fast. They're making snow on Belt, upper K, lower crossover! It will only get better than this!

Great, thanks for the heads up. I will be heading up there tomorrow if anyone is going to be around, PM me if you want t meet up for some turns.

 

[180]

I would say full capacity, also making snow on Milky, Lower Brad, all of Hunter 1, tubing park, Belt and Ike. Great skiing today on all open terrain. Mossy and Huega is still Jerry of the Day!

 

[andrec10]

I would say full capacity, also making snow on Milky, Lower Brad, all of Hunter 1, tubing park, Belt and Ike. Great skiing today on all open terrain. Mossy and Huega is still Jerry of the Day!

And the Jerry's were out in FULL FORCE today!

 

[180]

And the Jerry's were out in FULL FORCE today!

I have so many videos and pictures, don't know which to post

 

[JimG.]

Glad the deal is closed.

Nice to see the new owners mean business. Today was great. Snowmaking was full speed ahead. Skied until 4.

Looking forward to next Tues-Wed.

 

[mriceyman]

I have so many videos and pictures, don't know which to post

Im sure we can start a thread for the year


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[180]

Deal closes this week. All kinks have been worked out.

 

[catskillman]

Glad the deal is closed.

Nice to see the new owners mean business. Today was great. Snowmaking was full speed ahead. Skied until 4.

Looking forward to next Tues-Wed.

The mountain sale is NOT closed. Possibly next week. Straight from the horse's mouth.!!!

 

[JimG.]

The mountain sale is NOT closed. Possibly next week. Straight from the horse's mouth.!!!

Driving up and seeing the mountain lit up with snowmaking closed the deal for me; thank you all for additional details.

 

[keyser soze]

Just got back. Started at ~ 8:40 and got 20 runs in before calling it a day ~ 1:15. I was going to go in for lunch after 15 runs, but I didn't think I'd be able to come back out if I sat down and ate so I passed up lunch until after. I was throwing my hips on the last couple of runs because my legs were like jelly. The mountain was in pretty good shape considering what I'd heard about conditions before the last few days. Not a bad first time out.

 

[Hawkshot99]

I plan to be up there tomorrow for some runs. Figure Ill ski 1/2 a day. Hopefully they have been able to fully take advantage of the cold spell.

 

[drjeff]

Now it's official!

The deal has closed

http://ir.peakresorts.com/file/Index?KeyFile=32469073

 

[RichT]

The new interest-only mortgage is for a 20-year term at an interest rate of 8%, subject to an annual rate adjustment. Interest only loan??? How does that work? After 20 years of paying interest you still owe the loan amount??

 

[yeggous]

The new interest-only mortgage is for a 20-year term at an interest rate of 8%, subject to an annual rate adjustment. Interest only loan??? How does that work? After 20 years of paying interest you still owe the loan amount??

Yes that is how it works. The only property that they own with halfway decent financing is Wildcat.


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[VTKilarney]

The new interest-only mortgage is for a 20-year term at an interest rate of 8%, subject to an annual rate adjustment. Interest only loan??? How does that work? After 20 years of paying interest you still owe the loan amount??

Talk about kicking the can down the road.

 

[drjeff]

Yes that is how it works. The only property that they own with halfway decent financing is Wildcat.


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Then again for what they bought Wildcat for, they were probably able to pay the majority of the loan off with the revenues generated from french fry sales on a typical Wednesday in early December

 

[RichT]

8%!! i wanted to buy stock, so i could say I'm an owner. Hell I think I'll buy one share (still an owner at $6) and buy beer with the rest.:beer::beer::beer::beer:

 

[andrec10]

On another note, the new Wayout is awesome!

 

[BenedictGomez]

I wish I could loan people money at 8% interest.