Hunter Mountain

News Roundup: Gondolas on Gondolas

Peter Landsman1 Comment

“Ever since the company went public in 2014 it has taken advantage of its improved access to capital to finance large infrastructure projects that may have led to growth in visitation and revenues, but haven’t resulted in better earnings or cash flows.”

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Hunter Mountain to Expand Northward with a Six-Pack

Peter Landsman11 Comments

One of New York’s most popular resorts that hosts some 300,000 skiers annually confirmed today it will add a third detachable lift and five new trails in time for the 2018-19 season.  A 3,245-foot six-person chairlift (Hunter’s second) will service the Hunter North expansion between the front side and Hunter West, adding 25 percent more skiable terrain.  At 1,000 feet per minute, a ride up will take just 3.5 minutes.  A new parking area and access road will accompany the on mountain additions.  “The Hunter North expansion will provide our guests and Peak Pass passholders with an entirely new area to explore,” said Jesse Boyd, Senior VP of Operations of Peak Resorts in a press release. “The new entrance, arrival area and high-speed lift will provide guests with easy access to a new area of intermediate-level terrain that will dramatically broaden the variety of trails that Hunter has to offer.”

Peak Resorts, the publicly-traded parent company of Hunter and 13 other mountains in the east, says the expansion will cost around $9 million and add $1.5-2 million in incremental earnings annually.  All necessary approvals are in place and construction is set to begin this month.  No manufacturer was announced but the lift is likely to be built by Leitner-Poma as all of Hunter’s lifts were, save for one Hall.

News Roundup: Back Up

Peter Landsman9 Comments
  • Berkshire Bank seeks to foreclose on the Hermitage Club, saying the private ski area owes $16.6 million on $17.1 million in loans taken out between 2014 and 2017.
  • Hunter Mountain apologizes to season pass holders and explains in detail why two of its lifts went down for much of Presidents’ Week.
  • Mt. Snow’s Bluebird Express is down with a damaged gearbox.
  • Similar story for Cypress Mountain’s Lions Express, which reopened on Tuesday.
  • Harmony at Whistler also went down for much of last week..
  • Big Sky’s Six Shooter was rope evacuated last week, sparking an interesting conversation about why that lift turns a few degrees.
  • HeliOps profiles Brian Jorgenson of Timberline Helicopters, who explains why even at $1.50 per second, the UH-60 Black Hawk has become the gold standard for western ski lift missions.
  • The largest urban gondola system in North America will open this May in Santo Domingo, capital of the Dominican Republic.
  • Boston’s proposed Seaport gondola has a new route.
  • A conference center in Wisconsin called Forest Springs plans to expand its ski area with a new chairlift.
  • Silver Star’s new gondola is on track for a rare July opening with the top terminal and all foundations complete.

News Roundup: Stories

Peter Landsman3 Comments

https://www.facebook.com/BlueMtnResort/posts/10156115158282603

News Roundup: New York

Peter Landsman7 Comments
  • Colorado posts its second best season with nearly 12 million skier days. Vermont was up 21 percent year-over-year and New Hampshire went +30 percent.
  • Valemount opening pushes back to 2019-2020.
  • Rumors swirl of possible lift surveys at Saddleback.
  • Doppelmayr Cable Car and Transport for London extend operations & maintenance contract for the Emirates Air Line for another five years.
  • The government of Venezuela owes Garaventa $14.5 million!
  • Belleayre’s Catskill Thunder Gondola will be a Doppelmayr opening this December.
  • Partek’s only 2017 project is underway at Mt. Peter.
  • Peak Resorts plans to spend $9 million to expand Hunter Mountain and add a new high-speed chairlift in 2018.
  • Arapahoe Basin and Sugarloaf prove even relatively small lift projects make for interesting off-season reading.
  • Vermont’s defunct Maple Valley is for sale along with three Hall lifts for $950,000.
  • Val Gardena, Italy is the launch customer for Sigma’s innovative Symphony 10 gondola cabin and the new Leitner station.
  • Could North Korea’s ski resort with counterfeit and relocated Doppelmayr lifts host Olympic skiing?
  • Doppelmayr removes Wildcat at Snowbasin to make way for Utah’s first six-pack outside of Park City.  Thanks @ozskier for the photos!

News Roundup: $4.6 Billion

Peter Landsman22 Comments

News Roundup: Peak Buys Another

Peter Landsman1 Comment
  • The first non-prototype photos of Doppelmayr’s new detachable terminal that will replace the Uni-G model over the next few years.  It’s certainly different; note the huge windows, Frey controls and stairs instead of ladders on the Kirchenkarbahn’s terminals.  Thanks for the head’s up, snowtirol.
  • Maine’s chief tramway inspector releases his report with pictures on the King Pine rollback and Sugarloaf’s GM responds.  Eight months after the incident, the replacement drive terminal is nearly finished.
  • Doppelmayr Garaventa Group revenue was down 7.5% to $841 million in fiscal 2015 while the company’s global employee headcount rose to 2,546.
  • Still more bad press surrounding Saddleback and the resort’s asking price is down to $9.5 million for 2,000 acres.  Meanwhile Boyne offers passholders in the lurch last spring’s rates on New England Passes.
  • Peak Resorts, the fourth largest operator of lifts in North America, buys Hunter Mountain for $36.8 million.  After the deal closes the publicly-traded company will operate 14 ski resorts with 153 lifts in Vermont, New Hampshire, New York, Pennsylvania, Ohio, Indiana and Missouri.
  • Two different models of LPOA chairs going up at Okemo and Purgatory.
  • West Mountain demonstrates an old lift can be new again with help from Leitner-Poma, SkyTrac, Green Mountain Control Systems and Alpine Engineering.
  • They call it ‘The Beast’ for a reason.  Killington opened for skiing on October 19th and is running 240 snow guns nightly, all while flying concrete and adding a mid-station to their Snowdon triple.  The 1973 Heron-Poma is evidently going to stick around for awhile.  Fun fact: Snowdon had a mid-station in nearly the same spot which was removed in 1990.
  • Lutsen’s recently retired Hall Skycruiser gondola cabins sold out in 4 minutes on Cyber Monday for $1200 each.  A new gondy opens to passengers December 11th after a brief delay.  If you missed out on the $1200 gondola cabins, you can still get someone a $150 double chair this holiday season.