Vail buys PEAK resorts / Hunter now on Epic Pass

Vail Resorts to Buy Peak Resorts for $11 a Share >MTN SKIS

BY Dow Jones & Company, Inc.
— 7:16 AM ET 07/22/2019

Vail Resorts Inc. ( MTN

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) on Monday said it agreed to buy fellow ski-resort operator Peak Resorts Inc. ( SKIS

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) for $11 a share, or about $264 million. The deal represents a roughly 116% premium to Peak's closing price of $5.10 on Friday.
Vail, a Broomfield, Colo., ski-resort operator, said the acquisition of Wildwood, Mo.-based Peak will add 17 U.S. ski areas to its network.
Vail said it will finance the transaction,, which it expects to complete this fall, with cash on hand, its existing revolver facility and an expansion of its existing credit facility.
Vail said it will also assume or refinance Peak's debt.
Trading in Peak shares was halted premarket on Monday, while shares of Vail, which closed Friday at $225.71, were unchanged.
Write to Colin Kellaher at colin.kellaher@wsj.com

  (END) Dow Jones Newswires
  07-22-19 0716ET
  Copyright (c) 2019 Dow Jones & Company, Inc.

Hunter May 13

Hi All,

Check out the summit cam showing the top of the mountain this am. Up to another 3” of snow  possible tonight.

So much for spring! CRAZY!!   https://huntermtn.roundshot.com/

Jon

Hunter - May 12, 2019

Happy Mother's day!
Hunter re-opens tomorrow!!

NOT!

Hunter season passes & lockers

Hi All,

Just a friendly reminder that rates for all season passes and lockers increase as of May 1 – next Wednesday.

You can pay on line via the Hunter web site:   www.huntermtn.com 

Happy spring and summer to all,

Jon

Hunter announces closing date

FYI  -  Following from Hunter:

 

Yesterday, we announced that our last day of the 2018-19 season will be this Sunday, April 7th, 2019. After the lifts close on Sunday at 4 PM we will have 140 days officially on snow! We are so fortunate to have spent them all with you – our loyal guests.

While our closing date may be set, this season isn’t over just yet and we still have 4 more days of spring skiing and riding to enjoy as well as our Beach Bash which is scheduled to take place this Saturday. Get your turns in now while the snow and ski season are still here!

Hunter March 8

Hello Hunter fans,

Today was a fantastic Friday. Bright sun early warmed the temps up from 3 to 36 now. There is no wind but a high cloud cover has moved in to mute the sunshine just a bit.

The grooming was exceptional. Every main trail was coated with corduroy powder on a flat granular surface. It was an ego ski & ride day. Cliff / Racers was especially sweet.

The crowd was light for such a beautiful Friday. F lift was running but not Z which has been down all week for a maintenance issue.

Claire’s was closed this am but Wayout was open to Northern Express.

Saturday should be a bright sunny day but Saturday night into Sunday is another story with a forecast of early snow changing to sleet and then rain with temps approaching 40. Big sales are on at all the local ski shops.

Spring is around the corner,

Jon

 

 

Saturday

Sunny, with a high near 38. Northwest wind around 6 mph becoming light and variable.

Saturday Night

Snow, mainly after 1am. Low around 26. Southeast wind 6 to 14 mph. Chance of precipitation is 90%. New snow accumulation of 2 to 4 inches possible.

Sunday

Snow, freezing rain, and sleet before 11am, then rain and sleet likely between 11am and 1pm, then a chance of rain after 1pm. High near 38. Southeast wind 9 to 13 mph, with gusts as high as 23 mph. Chance of precipitation is 90%. New precipitation amounts between a quarter and half of an inch possible.

Sunday Night

A chance of rain showers before 11pm, then a chance of rain and snow showers between 11pm and 2am, then a chance of snow showers after 2am. Mostly cloudy, with a low around 30. Chance of precipitation is 30%. New precipitation amounts of less than a tenth of an inch possible.

Ex Hunter skier now manages Vail

A very interesting article that is a must for all skiers and boarders to read.

 

Will PEAK be the next addition to Vail’s Epic or Alterra’s Ikon pass?

Time will tell.

 

https://www.bloomberg.com/news/features/2019-03-01/epic-vs-ikon-battle-for-the-best-ski-pass