Park City real estate news and information in Park City, Utah.
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Today, Blaise Carrig, President of the Mountain Division at Vail, joined BHHS Management and our agents for a discussion of Vail’s future plans.
Mr. Carrig gave an overview of Vail’s strategy with regards to mountain acquisition and growth, real estate development, growing appeal for winter sports, and running and operating resorts. The presentation was illuminating, and Mr. Carrig answered many of the remaining questions surrounding Vail’s recent acquisition of Park City Mountain Resort and the company’s immediate and future intentions towards its two local resorts.
A large part of the discussion revolved around the unique capital strength commanded by Vail. The business acumen of Vail Resorts allows the company to take a different and long-term…
By Berkshire Hathaway HomeServices Utah Properties
At BHHS Utah we are tracking the effects of the Vail purchase with keen interest. While it's too soon to predict all the implications from this major change, we feel comfortable in saying that Vail’s presence will be very positive for our marketplace. There are several plots of land now owned by Vail that are available for new development, which will add substantially to Park City’s future real estate growth potential.
We are not the only ones who see this acquisition as a beneficial thing. Immediately after the sale was made public via press releases from both Vail and Park City, Vail’s stock shares jumped 12% in value. Stocks have continued to trend upwards, especially after it was announced that…
Shortly after acquiring Park City Mountain Resort Vail announced that PCMR will be included on the 2014-2015 Epic Pass.
The Epic Local Pass is selling for $569 for adults, $439 for teens and $289 for children. The Epic Local Pass allows "unlimited, unrestricted skiing or riding at Breckenridge, Keystone, Afton Alps, Mt. Brighton and Arapahoe Basin with limited restrictions at Canyons, Heavenly, Northstar and Kirkwood," according to the Vail website. It also includes a total of 10 days at both Vail and Beaver Creek, with holiday restrictions applying to both of those resorts.
The restricted dates at Canyons are: Nov. 28-29, Dec. 26-31, Jan. 17 and Feb. 14-15.
The normal Epic Pass, with no limits and no restrictions, is currently selling for $749 for…
-- Acquisition settles all litigation and ensures no disruption to future resort operations
-- Park City Mountain Resort will be added to the Epic Pass for the 2014-2015 ski season
-- Company intends to connect PCMR and Canyons for the 2015-2016 ski season to create the largest single ski resort in the United States with 7,000 skiable acres, subject to regulatory approvals
BROOMFIELD, Colo., Sept. 11, 2014 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) today announced that the Company has acquired Park City Mountain Resort (PCMR) from Powdr Corp. for $182.5 million in cash, subject to certain post-closing adjustments. The acquisition includes all of the assets of Greater Park City Company (GPCC), the land used for ski terrain at the resort held byIan…
Nestled against Utah’s 2.2 million acre Uinta National forest and sprawling over 14,000 acres perched atop a high alpine plateau, Wolf Creek Ranch is a sportsman’s paradise. Conveniently located only 30 minutes from 4 world class ski resorts, including Deer Valley, Park City, Canyons and Robert Redford’s picturesque Sundance Resort, Wolf Creek Ranch owners are offered ample opportunities to sample the area’s rich ski history, epic mountain biking, vibrant music community and dining experiences that rival those found in the world’s glitziest cities.
As touted by the Wall Street Journal, Wolf Creek Ranch is the land “Where the CEO’s Roam.” Being intimately directed by brilliant business minds, you can rest assured that your investment is…