Receiver Announces that Burke has a Stalking Horse Bid and Deal will Close by End of 2024

[B-Eastski]

How did this turn into where to stay in the area?

 

[Hastur]

How did this turn into where to stay in the area?

welcome to the internet?

 

[Zand]

How did this turn into where to stay in the area?

It's not even off topic in this case. The entire reason that no sale has gone through is the albatross known as the hotel.

 

[thebigo]

But what if you had 2 buddies and bought the 3 for $45 Wednesday ticket?

Is this an actual thing? You can get three tickets on a Wednesday for $45 total?

 

[thetrailboss]

Is this an actual thing? You can get three tickets on a Wednesday for $45 total?

Yep.

 

[Zand]

Well then...

 

[thetrailboss]

View attachment 64837

Well then...

I just read there that the fire is out--was in the attic on the west end of the building.

 

[abc]

Is this an actual thing? You can get three tickets on a Wednesday for $45 total?

Yes, if you come with your 2 buddies.

No, they don’t care how you got to 3. But the Wednesday I was there, there’s but less than 5 cars in the parking lot. Good luck finding 2 more people to make the 3-some.

 

[Zand]

East Burke Fire says the hotel was at capacity (1700 guests) so I guess they are filling it on weekends!

Statement says there was an electrical appliance fire on the 5th floor and the fire was contained to that room, no spread to the attic as was originally thought.

 

[thetrailboss]

East Burke Fire says the hotel was at capacity (1700 guests) so I guess they are filling it on weekends!

Statement says there was an electrical appliance fire on the 5th floor and the fire was contained to that room, no spread to the attic as was originally thought.

WCAX is reporting that the cause was a short in the batteries for someone's heated socks that were charging.

Fire in a room at Burke Mountain Hotel causes evacuation

Fire officials have released the cause of a fire which lead to an evacuation at Burke Mountain Hotel.

www.wcax.com

 

[Zand]

Nice job by the local fire departments containing that to one room and allowing for folks to be able to go back in after. Could've ended much worse...look at that hotel in North Conway last year.

 

[drjeff]

I promise that just because my wife and I stopped in St J about 5PM to get gas and snacks yesterday on our way back to Mount Snow from Jay Peak after watching our oldest race and then skiing with her, that we had nothing to do with the sock charger fire, even though we all have Lenz socks!

 

[Big Wave Dave]

So gleaning a nugget from the news stories and on the fire

Burke Hotel at full capacity. With a great snow year, what if Burke makes money this year?

Does it change the mountain’s value? Does what seem like a missed opportunity for the receiver to have sold ($12m>$10m) pay off in potential more interested parties and a higher price if the ski area can operate in the black?

Last 2 years snow was real crappy and not sure how often the Hotel is full historically.

 

[AdironRider]

No owner worth their salt is going to pay more just because of one good snow winter. If they are that dumb, Burke is just going to be in the same scenario of bankruptcy they always are in a few years time.

 

[Big Wave Dave]

No owner worth their salt is going to pay more just because of one good snow winter. If they are that dumb, Burke is just going to be in the same scenario of bankruptcy they always are in a few years time.

The hotel was said to have been breaking even (receivers reporting) before COVID. So if it’s a return to a growth pattern rather than a one off…that adds value. I’d say.

Really I’m just fishing for some reason Goldberg hasn’t sold yet that’s not “line his pockets”

 

[AdironRider]

Need more than one year every five to constitute a pattern I'd say.

I think Goldberg should have sold already, but I don't think it is some corrupt lining pockets reasoning ultimately. I think he just doesn't understand ski area valuations.

I would like to think he'd start to understand just how capital intensive they can be, he did have to update the Tram at Jay under his stewardship, but I'm guessing he hasn't fully grasped that yet.

 

[RH29]

Just saw the fire but was impressed that they sold out the hotel on a non-holiday weekend. 1700 guests staying on the mountain is a pretty impressive number and even makes me wonder about on-mountain lines, with only one summit lift.

 

[AdironRider]

I wonder if they are all skiing there actually. Anyone priced a room at Jay recently? Lot more than the mid 200s per night being bandied about in this thread so might be driving traffic to the Burke hotel?

 

[xlr8r]

Where is this 1700 guest number coming from? Quick google search shows the hotel has 116 units. So I think full capacity is probably around 400 people (3-4 people per unit), nowhere near 1700.

 

[Zand]

Where is this 1700 guest number coming from? Quick google search shows the hotel has 116 units. So I think full capacity is probably around 400 people (3-4 people per unit), nowhere near 1700.