VAIL, Colo. — With Intrawest Holdings set for auction in February, some ski industry analysts see reasons to suspect that Vail Resorts might have interest in the sale.
Intrawest's Whistler Blackcomb, British Columbia, with a combined 8,000-plus skiable acres between the two mountains, lays claim as the largest ski area in North America, while Vail comes in as the second-largest ski area, with 5,289 skiable acres. That alone could mean Vail Resorts' executives have their sights set on buying Intrawest Holdings, which has defaulted on a $524 million payment on its $1.4 billion loan — that is, if Vail Resorts has the kind of money for such a deal.
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Showing posts with label Vail Resorts. Show all posts
Showing posts with label Vail Resorts. Show all posts
Wednesday, January 27, 2010
Tuesday, December 8, 2009
Vail Resorts Reports Fiscal 2010 First Quarter Results and Early Season Indicators
Highlights
-- Resort Reported EBITDA, which includes our Mountain and Lodging
segments, for the first quarter improved from the prior year by $0.8
million, or 2.0%, due in part to the favorable impact of cost savings
initiatives implemented subsequent to the prior year first quarter.
-- Total revenue and Real Estate Reported EBITDA declined and net loss was
greater for the first quarter compared to the prior year due to the
timing of real estate project closings.
-- Net Debt leverage ratio of 2.4 times trailing twelve months Total
Reported EBITDA and no revolver borrowings under the Company's $400
million senior credit facility as of October 31, 2009.
-- Season pass sales to date, including the Epic Season Pass, up
approximately 11% in units and approximately 9% in sales dollars
compared to the same time period in the prior year.
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-- Resort Reported EBITDA, which includes our Mountain and Lodging
segments, for the first quarter improved from the prior year by $0.8
million, or 2.0%, due in part to the favorable impact of cost savings
initiatives implemented subsequent to the prior year first quarter.
-- Total revenue and Real Estate Reported EBITDA declined and net loss was
greater for the first quarter compared to the prior year due to the
timing of real estate project closings.
-- Net Debt leverage ratio of 2.4 times trailing twelve months Total
Reported EBITDA and no revolver borrowings under the Company's $400
million senior credit facility as of October 31, 2009.
-- Season pass sales to date, including the Epic Season Pass, up
approximately 11% in units and approximately 9% in sales dollars
compared to the same time period in the prior year.
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Tuesday, October 13, 2009
Vail Resorts Announces it Will Not Continue Purchase of Wind Credits
BROOMFIELD, COLO.—Vail Resorts announced that concurrent with its announcement of its leadership role in the Hayman Restoration Partnership, the company would not be renewing its three-year commitment to purchase wind energy offset credits.
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Wednesday, September 30, 2009
Aspen's historic Hotel Jerome is set for auction
ASPEN, Colorado — An unpaid loan balance of $36.3 million has put the historic Hotel Jerome on the auction block. The 92-bedroom Main Street hotel, built in 1889, is scheduled go to a foreclosure auction sale on Jan. 27, Deputy Treasurer Desiree Wagner said Monday.
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Friday, September 25, 2009
Vail Resorts Reports Fiscal 2009 Results and 2010 Outlook
Fiscal 2009 Highlights
-- Resort Reported EBITDA, which includes the Company's Mountain and
Lodging segments, of $171.1 million in Fiscal 2009 decreased $59.6
million, or 25.8%, from the prior year.
-- Real Estate Reported EBITDA of $44.1 million in Fiscal 2009 decreased
$1.9 million, or 4.0%, from the prior year.
-- Net income of $49.0 million in Fiscal 2009 decreased $54.0 million, or
52.4%, from the prior year.
-- Net Debt leverage ratio of 1.96 times trailing twelve months Total
Reported EBITDA, $69.3 million of cash and cash equivalents on hand as
of July 31, 2009, and no revolver borrowings under the Company's
$400 million senior credit facility.
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-- Resort Reported EBITDA, which includes the Company's Mountain and
Lodging segments, of $171.1 million in Fiscal 2009 decreased $59.6
million, or 25.8%, from the prior year.
-- Real Estate Reported EBITDA of $44.1 million in Fiscal 2009 decreased
$1.9 million, or 4.0%, from the prior year.
-- Net income of $49.0 million in Fiscal 2009 decreased $54.0 million, or
52.4%, from the prior year.
-- Net Debt leverage ratio of 1.96 times trailing twelve months Total
Reported EBITDA, $69.3 million of cash and cash equivalents on hand as
of July 31, 2009, and no revolver borrowings under the Company's
$400 million senior credit facility.
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