Every Tuesday, I feature my favorite Instagram photos from around the lift world.
Month: June 2018
Coast to Coast! Vail Resorts Buys Okemo, Crested Butte, Mt. Sunapee & Stevens Pass
The largest publicly-traded ski resort company in the world today simultaneously unveiled two major transactions to buy ski resorts in four different states for more than $300 million. Vail Resorts will acquire Triple Peaks, LLC for $82 million and Stevens Pass, Washington for $67 million, subject to regulatory approval. The former, founded and owned by Tim and Dianne Mueller, operates Okemo Mountain Resort in Vermont, Crested Butte Mountain Resort in Colorado and Mt. Sunapee in New Hampshire, hence the name Triple Peaks. Broomfield, Colorado-based Vail will buy out the three resorts’ long term leases from Oz Real Estate upon closing for an additional $155 million. Okemo, Mt. Sunapee and Crested Butte signed onto the industry-pioneering Epic Pass back in March and will now offer unlimited, unrestricted access for Epic passholders.
Another Oz-owned resort, Stevens Pass, will be sold to Vail for $67 million in a separate deal subject to regulatory approval. Stevens Pass is currently operated by Karl Kapuscinski along with Mountain High, California. The SoCal resort is not included in Vail’s purchase. Stevens Pass will join the Epic Pass for the first time, making it an even more compelling product for Pacific Northwest skiers who frequent Whistler Blackcomb. Stevens will also be included in the Edge Card, a product that predated Vail and is offered exclusively to residents of British Columbia and Washington. Notably, Stevens Pass has major lift expansions on both flanks of the current trail system in its approved master plan.
With today’s news and other deals including the sale of six resorts to Boyne Resorts, the Oz Real Estate Ski Resort Holdings portfolio now includes just Jiminy Peak and Sierra at Tahoe, down from 15 resorts at its peak under CNL Lifestyle Properties. Northstar California, Mountain High and Bretton Woods were also sold off over the last few years.
Poma Releases 2017 Reference Book
The latest edition of the annual Poma Reference Book is out and features pictures, statistics and diagrams from projects the storied French manufacturer completed last year. Poma has now built more than 8,000 lifts in 80 countries and many of the newest gondolas and detachable chairlifts were built in Asia last year. One of them was among the first gondolas to utilize Sigma’s new Diamond Evo cabins with sliding doors in China. Other projects were realized as far away from France as Inner Mongolia, Vietnam and Myanmar. Another notable installation was a 10-passenger reversible tramway with double LPA grips in Ecuador.
Unfortunately not quite all of Leitner-Poma of America’s U.S. and Canadian projects were included in the book but there are some excellent images of three new six-packs built for Vail Resorts in Colorado as well as the supremely unique quad at Alta, Utah. As you scroll through the pages, note how many of Poma’s detachable lifts built outside North America in 2017 feature Direct Drive. LPOA plans to bring the innovative technology to Colorado for the first time in 2018.