-
Welcome to AlpineZone, the largest online community of skiers and snowboarders in the Northeast!
You may have to REGISTER before you can post. Registering is FREE, gets rid of the majority of advertisements, and lets you participate in giveaways and other AlpineZone events!
Jay Peak bombshell
- Thread starter VTKilarney
- Start date
Yet another reason why Katz disappeared......
nah..probably someone from either China or India.Musk!
jimmywilson69
Well-known member
Was today the day of the auction?
The Receiver postponed it a couple weeks based upon other potential bidders.
ctdubl07
Active member
Funny...I think it was Thursday morning and I caught Charlie Baron in a lengthy interview on "Before the Bell" and he was touting his 5 most recent big buys which included Tesla and Vail.....
ss20
Well-known member
Me. One accountant and one lawyer in the Alterra and Vail corporate offices is all it would take to jack up the price for Pacific group and probably delay their ownership by a season or two. Shady but not out of the question given the scope of this purchase. The longer it stays in receivership the longer Jay remains the status quo and falls further behind the competition. And the more Pacific pays for it the less $$$ they have for the sorely needed CapEx improvements.
My black helicopter post of the day, LOL.
Harvey
Well-known member
$1.5B? A big number, enough to put the hurt on Vail? I think they are a $9B market cap, or how do you answer that question?
BenedictGomez
Well-known member
I think $58M is in the ballpark based on what little we know of their operations; maybe something like $60M - $75M is what I'd guess. As I said at the time, them wanting like ~$125M was bat**** crazy.
BenedictGomez
Well-known member
Expect a press release within a year stating that significant 2025 maturities have been rolled to a later year, but at a higher interest rate. And the beat goes on......
BenedictGomez
Well-known member
Put me down for, "after substantial discussions (with a company that wont be named), no competing bids emerged".
jimmywilson69
Well-known member
Maybe so maybe not...
Its still hard for me to understand why vail or altera wouldn't want in on this place. I guess the numbers, which none of us know, really must be closer to year 2000 Jay Peak than 2022 Jay Peak with all of its shiny, corruptly acquired toys.
Its still hard for me to understand why vail or altera wouldn't want in on this place. I guess the numbers, which none of us know, really must be closer to year 2000 Jay Peak than 2022 Jay Peak with all of its shiny, corruptly acquired toys.
Vail and Alterra are in the ski business not hospitality. The waterpark, hotels probably make it not as desirable because they would have to mange it themselves (not what they do) or pay a third party to manage it. It's a well known mountain on this forum but joe sixpack skier has not heard of it.
jimmywilson69
Well-known member
I would argue that vail is very much in the hospitality business based on the beds and "amenities" they own at their flag ship western resorts. Altera is in the same boat but not as much.
I get what your saying about Jay Peak really being known to their supposed "core" demographic. My guess is the Jay Peak season pass numbers and their potential zip code locations or whatever they call it in Canada aren't enticing enough to think that the investment, even as low as $58 million, wouldn't pad their bottom line/stock price.
I get what your saying about Jay Peak really being known to their supposed "core" demographic. My guess is the Jay Peak season pass numbers and their potential zip code locations or whatever they call it in Canada aren't enticing enough to think that the investment, even as low as $58 million, wouldn't pad their bottom line/stock price.
jimmywilson69
Well-known member
IHG didn't' sell the lodging at Spruce Peak just the Stowe Ski Operations and associated equipment/leases
mbedle
Well-known member
The only lodging they own at Stowe is the hotel down at toll house, which is used for employee housing.
I think it was AIG.
Similar threads
