He said he hopes Vail Resorts will continue to upgrade the mountain and help bring more events to the area - particularly in the summer and fall. McGunnigle said more people came to the resort last winter to check out the upgrades. Hunter Mountain and the surrounding community have been boosted by Peak Resorts’ recent terrain expansion, which added about a third more terrain. The New York metropolitan area has 20.3 million people Colorado has about 6 million in the entire state. Hunter Mountain is less than three hours from New York City. McGunnigle is also the general manager of the Villa Vosilla hotel and restaurant in Tannersville. “As far as we’re concerned, it’s probably great, because it’s a recognized name and a standard for the industry,” said Leigh McGunnigle, a trustee on the Village Board in Tannersville, N.Y., which is a stone’s throw from Hunter Mountain. Locals expressed optimism about their resorts becoming, as Vail Resorts put it, “epic.” “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.” ‘It’s probably great’ “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,” said Rob Katz, Vail Resorts’ chairman and CEO, in a news release. The deal will boost Vail Resorts’ cash flow by $60 million in the year ending July 31, 2021, the company said. Vail Resort said it would invest $15 million in capital improvements for the 17 resorts over the next two years. That has been certainly the pattern to date, and I don’t see this as out of sync with that objective.” “They want urban-proximate areas to connect as ticket windows for the larger Epic Pass program. “It’s part of a pattern we’ve seen before,” said Michael Berry, retired president of the National Ski Areas Association and member of the US Ski-Snowboard Hall of Fame. The company said the deal now gives the company a presence near the major metro areas including New York, Boston, Washington, D.C., Baltimore, Philadelphia, Cleveland, Columbus, St. “It makes great sense because Peak Resorts is in most major Eastern markets, and it allows (Vail Resorts) to take the Epic Pass into these markets and expose potentially new customers to Vail Resorts and their collection of Western and international resorts,” said Andy Daly, a former Vail Resorts president, former Vail mayor and a current owner of Powderhorn Mountain Resort near Grand Junction.īefore Monday’s deal, Vail Resorts’ Epic Pass offered unlimited access to 20 resorts, plus limited access to another 42 its Northeast resorts only included Stowe, Okemo and Mount Sunapee. Vail Resorts bought Afton Alps, near Minneapolis, and Mount Brighton, near Detroit, in 2012 and Wilmot Mountain, near Chicago, in 2016. The acquisition extends a strategy of buying ski areas near big cities, with the hopes that local skiers will buy Epic Passes and visit the company’s owned and partner resorts across the country and world. It’s not their size, but their strategic location, that provides value to Vail Resorts. The total acreage of the 17 resorts is 2,574 acres Vail alone has 5,289 skiable acres. The biggest resort is Mount Snow, at 600 skiable acres Paoli Peaks has just 65 skiable acres with a 300-foot vertical drop. Once the deal closes, which is expected this fall, the resorts will be included in the 2019-20 Epic Pass, the company said. Hidden Valley and Snow Creek in Missouri.Alpine Valley, Boston Mills, Brandywine and Mad River Mountain in Ohio.Liberty Mountain Resort, Roundtop Mountain Resort, Whitetail Resort, Jack Frost and Big Boulder in Pennsylvania.Attitash Mountain Resort, Wildcat Mountain and Crotched Mountain in New Hampshire.
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