Jackson Hole Sold

[thetrailboss]

The Kemmerers are selling to a handful of locals and a “small, select group” of co-investors. The Kemmerers owned it for 31 years and bought it when the founder was really struggling. Can you imagine the ROI on this investment?

https://www.jacksonhole.com/blog/jhmr-plans-to-sell-to-local-families

 

[jimk]

Sounds like they purposefully avoided selling to Vail or Alterra. Wish the new guys all the best in finding the magic balance between profitability and being loved to death by crowds. I've made three multiday visits up there in the last 9 years and the mountain (awesome) was pretty dang busy every time.

 

[drjeff]

Sounds like they purposefully avoided selling to Vail or Alterra. Wish the new guys all the best in finding the magic balance between profitability and being loved to death by crowds. I've made three multiday visits up there in the last 9 years and the mountain (awesome) was pretty dang busy every time.

Will be interesting to see if what seems to be a bunch of "recovering" Private Equity and Big Banking guys at the head of the board, who are now I am guessing residents, or atleast residents much of the year in Jackson, can resist what has to be some of their professional urges to make quick changes to boost the bottomline line or not?

Doubt that the crew behind this, regardless of how many numbers to the left of the decimal point their net worths are, would take on an I am guessing 9 figure deal, without some business plan to get their money back at minimum in a relatively short (say 5 years) timeframe.

Also, I guess that unless the new board says something definitively 1 way or the other, let the speculation of if Jackson will or won't be on the '24-'25 Ikon resort options in 1 form or another begin, since even though that press release says that they don't anticipate any signifcant changes to the current operations plan, I think it's quite clear that the locals aren't totally thrilled with the added volume of folks into "their town" that IKON affiliation has brought....

 

[BenedictGomez]

let the speculation of if Jackson will or won't be on the '24-'25 Ikon

JH wasn't on a multi-year contract?

 

[thetrailboss]

JH wasn't on a multi-year contract?

Who knows......

I listened to the Storm Podcast's interview of the new President/COO of Alterra. He came from LiveNation/Blockbuster. Spoiler alert: if you hate LiveNation, you are going to hate where IKON/Alterra is going under this guy. Dynamic pricing, upcharges, premium experience charges, etc.

 

[cdskier]

JH wasn't on a multi-year contract?

I'm sure they are....but I don't know when it started/ends.

 

[Former Sunday Rivah Rat]

Who knows......

I listened to the Storm Podcast's interview of the new President/COO of Alterra. He came from LiveNation/Blockbuster. Spoiler alert: if you hate LiveNation, you are going to hate where IKON/Alterra is going under this guy. Dynamic pricing, upcharges, premium experience charges, etc.

I predict many ski resorts will have a lift line cutting charge for an upsell. Like the fastpass at Sixflags. BW does it with their club and you also get 30 minutes of 1st tracks before the public can get on the lifts. If you can get up early it can be worth it. We did it for 2 years but got tired of the terrain.

 

[skiur]

I predict many ski resorts will have a lift line cutting charge for an upsell. Like the fastpass at Sixflags. BW does it with their club and you also get 30 minutes of 1st tracks before the public can get on the lifts. If you can get up early it can be worth it. We did it for 2 years but got tired of the terrain.

Killington has had it for two years now, I rarely ever see anybody using it.

 

[jimk]

Killington has had it for two years now, I rarely ever see anybody using it.

Snowbird's had it (fastpass) for a couple years too. I don't see too many using it, but there are a few on peak days. Perhaps more than I know about. I rode a chair with a guy using it this spring on a day when the mtn wasn't too busy. He may have got it as a perk for some connection he had IIRC? The lift operator didn't pay him much mind and I asked if he was able to cut lines all over the mountain without any regular riders giving him a hard time for thinking he was cutting the line. He had no complaints. He seemed pretty good at looking out for himself and subtly yet aggressively merging in with regular riders. Not that there were any big lines that day. I want to say it's something like a minimum of $70 extra on top of ticket price, with more if busy day (dynamic pricing).

 

[skiur]

Killington actually has separate gates dedicated to the fast pass that are never used. You can also add it in to your season pass.

 

[thetrailboss]

Killington actually has separate gates dedicated to the fast pass that are never used. You can also add it in to your season pass.

That’s what Snowbird has as a fellow POWDR resort.

 

[machski]

Who knows......

I listened to the Storm Podcast's interview of the new President/COO of Alterra. He came from LiveNation/Blockbuster. Spoiler alert: if you hate LiveNation, you are going to hate where IKON/Alterra is going under this guy. Dynamic pricing, upcharges, premium experience charges, etc.

Of course, to be fair, he did also say on that podcast that charging the new entrants like $280 for their first day isn't a sustainable business model.

 

[thetrailboss]

Of course, to be fair, he did also say on that podcast that charging the new entrants like $280 for their first day isn't a sustainable business model.

True. But a lot of his discussion was maximizing revenue.

 

[So Inclined]

I predict many ski resorts will have a lift line cutting charge for an upsell.

I've heard from buddies who've taught at places like JH that people who care enough to do this, and have the money already achieve the same ends by getting a day-long private lesson. Instant fast-pass. The "lesson" might be an afterthought if not disregarded altogether.

 

[BodeMiller1]

So inclined:

- wanting to do something or likely to do something.

Also, skiing on a very steep slope.

Well played Incline-a-roo...

 

[BodeMiller1]

Killington actually has separate gates dedicated to the fast pass that are never used. You can also add it in to your season pass.

If the mountain opened them up there would be hell to pay. Many would not put up with this type of grandstanding.

 

[Hawk]

Two years ago I saw the Fast pass lane working at the snowdon 6. It was only a few people using it and there was not a big fuss. Also Sugarbush has an early ups package but this was in place well before IKON took over. Also Claybrook owners get to cut the line. There might be some grumpling but people who ski Sugarbush regularly pretty much ignore it. Not that big a deal.

 

[BodeMiller1]

Two years ago I saw the Fast pass lane working at the snowdon 6. It was only a few people using it and there was not a big fuss. Also Sugarbush has an early ups package but this was in place well before IKON took over. Also Claybrook owners get to cut the line. There might be some grumpling but people who ski Sugarbush regularly pretty much ignore it. Not that big a deal.

At the end of the day, the folks that build, sustain the resorts will get what they deserve. Skiers get more up set over parking becasue humoing your (and yours) equipment is a bitch.
Thanks for the enlightment.

 

[Hawk]

I will say this. if the lift lines get bigger then the line cutting might become an issue.
If the lines get to big for me. I guess I will jst strap on the skins and go back country. There is enough of that to go around. For now!

 

[thetrailboss]

I've heard from buddies who've taught at places like JH that people who care enough to do this, and have the money already achieve the same ends by getting a day-long private lesson. Instant fast-pass. The "lesson" might be an afterthought if not disregarded altogether.

Ski instructors were one group who were pretty angry about this fast pass idea. Not surprisingly, Snowbird cannot find ski instructors now.