Jay Peak bombshell

[Tin Woodsman]

Worth noting that with this sale now complete, all of those assets have been written way down in value such that if they are just covering their operating costs, they are profitable. Everything PGRI acquired had likely been on the book sat over $200M in value. With that written down to $75M, everything gets a clean start.

 

[fbrissette]

View attachment 55007I’m worried that the new owners don’t understand the market.

This has been scheduled way before the finale sale was completed and is a special one evening event. If the food is good, I think it is fairly priced.

 

[Abubob]

I’m worried that the new owners don’t understand the market.

The new owners haven’t changed a thing yet. Give it some time for Pete’s sake.

 

[AdironRider]

View attachment 55007I’m worried that the new owners don’t understand the market.

I’m thinking you don’t understand the ski market

 

[NYDB]

spoiler alert - the dirty hippies all have trust funds. they like fine wines and beef tenderloin

 

[drjeff]

Pretty sure there a plenty of Jay 2nd homeowners and/or well enough off primary home retirees and locals to fill a restaurant for a "special offering" meal like that.

Heck, 4-6 times per year, pre Vail ownership, Mount Snow did 4 to 5 course beer pairing dinners for about $100 a head that would sell out, and very often with a high percentage of repeat customers.

 

[Abubob]

I knew this day would come!

BREAKING NEWS: This is the moment you have been waiting for...

We are proud to officially welcome @jaypeakresort to the PGRI family of resorts!

Reciprocal benefits with your Ragged Mountain season pass for this upcoming winter are as follows:
• Four (4) complimentary lift tickets for the 2022-23 season - Blackout dates apply.
• 50% off additional day tickets for passholders
• 25% off day tickets for accompanying guests of passholders
• 15% off lodging and Waterpark Vacation packages - Restrictions apply.

Jay Peak is known far and wide for its deep roots, cultural cachet, and 356 inches of average annual snowfall. The four-season resort features 385 acres of skiing and snowboarding, nine lifts, an indoor waterpark, ice arena, recreation center, athletic fields, and an 18-hole championship golf course. A wide range of dining and lodging options cater to all types of visitors, and their prodigious snowfall is the most of any resort east of the Rocky Mountains.
#jaypeak| #thelegendofjay | #jayway | #welcome

 

[thebigo]

I knew this day would come!

BREAKING NEWS: This is the moment you have been waiting for...

We are proud to officially welcome @jaypeakresort to the PGRI family of resorts!

Reciprocal benefits with your Ragged Mountain season pass for this upcoming winter are as follows:
• Four (4) complimentary lift tickets for the 2022-23 season - Blackout dates apply.
• 50% off additional day tickets for passholders
• 25% off day tickets for accompanying guests of passholders
• 15% off lodging and Waterpark Vacation packages - Restrictions apply.

Jay Peak is known far and wide for its deep roots, cultural cachet, and 356 inches of average annual snowfall. The four-season resort features 385 acres of skiing and snowboarding, nine lifts, an indoor waterpark, ice arena, recreation center, athletic fields, and an 18-hole championship golf course. A wide range of dining and lodging options cater to all types of visitors, and their prodigious snowfall is the most of any resort east of the Rocky Mountains.
#jaypeak| #thelegendofjay | #jayway | #welcome

blackout dates: December 26 - 31, 2022, January 14-15, and February 18-20, 2023

four days sounds about right, 2X weekends or a long one. Ragged coaches were talking about renting a floor in the hotel for a long weekend after our season ends, should be a good time for the kids.

 

[Abubob]

blackout dates: December 26 - 31, 2022, January 14-15, and February 18-20, 2023

School vacation weeks. Before the woods get filled in, Dec and Jan kinda of a no go anyway.

 

[snoseek]

Good deal for you ragged people especially if you bought early!

 

[KustyTheKlown]

plenty of tree skiing at jay in a normal january

 

[Abubob]

plenty of tree skiing at jay in a normal january

In that case I’m hoping for a “normal” January … … that‘s when it only snows and not anything else. Right?

 

[mister moose]

In that case I’m hoping for a “normal” January … … that‘s when it only snows and not anything else. Right?

That's a lucky January.

 

[ThatGuy]

In that case I’m hoping for a “normal” January

Summary of a normal January in NE

1st week…Skating the ice rink left after the annual Christmas rainstorm
2nd week…Big storm on the way, gonna dump (turns to rain the day before)
3rd week…Big storm coming again…(Snows 2 inches and Facebooks best meteorologist calls it a powder day but wishes it was a sleet day instead)
4th week…One warm, sunny day and back to the ice rink (better get those skis tuned)

Then we all say maybe February will be better

 

[Abubob]

Summary of a normal January in NE

1st week…Skating the ice rink left after the annual Christmas rainstorm
2nd week…Big storm on the way, gonna dump (turns to rain the day before)
3rd week…Big storm coming again…(Snows 2 inches and Facebooks best meteorologist calls it a powder day but wishes it was a sleet day instead)
4th week…One warm, sunny day and back to the ice rink (better get those skis tuned)

Then we all say maybe February will be better

Yeah, I didn’t really want to say it.
.

 

[Kingslug20]

Had 4 good pow days in Jan last year..then it sucked so I escaped to JH

 

[thetrailboss]

It will be interesting to see how things go this season at Jay.

 

[LONGBOARDR]

Been snowing enough for a hike to the summit tomorrow
next week looks promising as well

 

[SteezyRob]

these guys seemed to get pretty lucky:

(new)

 

[LONGBOARDR]

Nice hike to the summit
Flurries and good amount of elevation snow
great first day on skis, snow was nice
Off to a good start