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Showing content with the highest reputation on 07/22/19 in all areas

  1. Advanced skiers aren't going to leave their home mountain and go to crappy JFBB hills because of being able to ski out west on the pass. They will ski decent PA terrain and Blue and pay to ski out west like they always have.
    4 points
  2. I think its is unlikely there will be any kind of change in any type of skier from Blue because of this. I think this would attract the occasional PA skier that possibly would take advantage of the other mountains associated with this pass. Basically what Toast has posted is the more likely scenerio. A frequent Blue mountain skier, isnt going to settle for skiing at JFBB (trust me, its where i spent many years) just to ski the other mountains out west on the pass. Frequent trips to JFBB for an advanced skier will put them on pills. JFBB only interests the "advanced" skier if they go back about 8 years, when they really paid attention to the stuff off trail. Thats what makes JF a little attractive to the "advanced" skier. I went there one day like 2 years ago - no trees, no elevator, and the runs seemed shorter than ever. i was pretty bored after about an hour. I heard the new pass will come with 1,000 frontier miles as well. The only catch is you have to connect through Florida, and Texas, and then take a bus from SLC to get to Vail. QFT, but you need to remember who you are quoting.
    3 points
  3. You know thats unlikely, and i dont know why you would post that, other than you just feel like posting. This is pretty interesting news. I guess when Blue wont sell, you go buy the completion. Will they grab some of Blues clientele with an Epic pass? I'm not sure if this would change a thing for us, since i would say 90% of passholders have already bought their pass. What would they offer to lure some of Blues day pass people to JFBB? They cant make either mountain bigger, so they would need to cut prices. Peak did a fantastic job of pissing everybody from Roundtop, liberty and the other one down there, forcing them into the Peak Pass, and no longer having a local Pass. It will be fun to watch this unfold. I wonder where JFBB will really be in a few years. I just cant see these being viable resorts to hold on to. i wonder if they will get parted out in time. Im gonna go back to work now, as i am pretty sure this will have no benefit (like less crowds) at Blue. And i agree with Justo. Blue's "investor" (if there will be one) will be someone that has no prior experience in the ski business. And to be honest, that could be a good thing, or a bad thing.
    3 points
  4. Peak Resorts is being purchased by Vail. They are officially going to be on the EPIC pass. https://finance.yahoo.com/news/vail-resorts-acquire-peak-resorts-110000429.html BROOMFIELD, Colo., July 22, 2019 /PRNewswire/ -- Vail Resorts, Inc. (MTN) today announced it has entered into a definitive merger agreement to acquire 100 percent of the outstanding stock of Peak Resorts, Inc. (SKIS) at a purchase price of $11.00 per share, subject to certain conditions, including regulatory review and Peak Resorts' shareholder approval. View photos More Through the acquisition, Vail Resorts will add 17 U.S. ski areas to its network of world-class resorts. Located near major metropolitan areas, including New York, Boston, Washington, D.C., Baltimore, Philadelphia, Cleveland, Columbus, St. Louis, Kansas Cityand Louisville, the resorts include: Mount Snow in Vermont Hunter Mountain in New York Attitash Mountain Resort, Wildcat Mountain and Crotched Mountain in New Hampshire Liberty Mountain Resort, Roundtop Mountain Resort, Whitetail Resort, Jack Frost and Big Boulder in Pennsylvania Alpine Valley, Boston Mills, Brandywine and Mad River Mountain in Ohio Hidden Valley and Snow Creek in Missouri Paoli Peaks in Indiana "We are incredibly excited to have the opportunity to add such a powerful network of ski areas to our Company," said Rob Katz, chairman and chief executive officer of Vail Resorts. "Peak Resorts' ski areas in the Northeast are a perfect complement to our existing resorts and together will provide a very compelling offering to our guests in New York and Boston. With this acquisition, we are also able to make a much stronger connection to guests in critical cities in the Mid-Atlantic and Midwest and build on the success we have already seen with our strategy in Chicago, Minneapolis and Detroit. The acquisition fully embodies our philosophy of Epic for Everyone, making skiing and riding more accessible to guests across the U.S. and around the world." "The ski areas within the Peak Resorts portfolio exemplify the spirit of our sport as well as our Company's mission to provide an Experience of a Lifetime to guests," Katz continued. "We're thrilled to welcome the resorts and their employees into the Vail Resorts family and invest in their continued success." "Vail Resorts has a proven track record of celebrating the unique identity of its resorts, while continually investing in the guest and employee experience. For this reason, we are confident that our resorts and employees will continue to thrive within the Vail Resorts network," said Timothy Boyd, president and chief executive officer of Peak Resorts. "We are very proud of our track record over the last two decades in building the breadth, quality and accessibility of our resorts. We are thrilled that our guests will now have access to some of the world's most renowned resorts." When the transaction closes, the 2019-20 Epic Pass, Epic Local Pass and Military Epic Pass will include unlimited and unrestricted access to the 17 Peak Resorts ski areas. Guests with an Epic Day Pass will also be able to access the new ski areas as a part of the total number of days purchased. For the 2019-20 season, Vail Resorts will honor and continue to sell all Peak Resorts pass products, and Peak Resorts' pass holders will have the option to upgrade to an Epic Pass or Epic Local Pass, following closing of the transaction. Additional Transaction Details The aggregate purchase price for all Peak Resorts common stock is estimated to be approximately $264 million (calculated on a treasury method basis), which Vail Resorts intends to finance through a combination of cash on hand, its existing revolver facility and an expansion of its existing credit facility. In addition, Vail Resorts will be assuming or refinancing Peak Resorts' outstanding debt.
    2 points
  5. I posted that the sale was called off about a month ago. Maybe that is when you were pretending to block me.
    2 points
  6. Surprising and I had to check the date to make sure It wasn’t 4/1. I would have to assume this purchase was for mount snow and hunter mostly. The infrastructure at jfbb and places like attitash is pretty non-vail so I wonder if there’s gonna be some big investments to bring them up to speed.
    2 points
  7. This is great and maybe they will put some capital improvements into JF/BB. Blue should have their new ownership announcement within the week.
    2 points
  8. wow 1000 Frontier miles?! Maybe you can exchange them for a seat that reclines!
    1 point
  9. WOW @saltyant you are probably right!
    1 point
  10. Who knows why he has posted 55,000 other times, too.
    1 point
  11. There’s even an article about this in the morning call!!!
    1 point
  12. The goal is for Vail to get their mid Atlantic customers to go to their New England and Rocky Mountain resorts.
    1 point
  13. Nice, look forward to seeing what they charge to upgrade my Peak passes to Epic Local. Glad I decided to go Peak for next year.
    1 point
  14. Shot this last night in to celebrate 50 years...It came out pretty shitty though....
    1 point
  15. BSI (ball sweat index) will be a 10 today. With a shout out to Primanti.
    1 point
  16. 0 points
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