The Park City Area Lodging Association recently met with Blaise Carrig, President, Vail Corporation Mountain Division. As you'll see from the highlights below, the future for Park City is positive and we are quite optimistic for what is to come. The purchase of PCMR by Vail has been huge news in the ski industry and even more so for the local's who call Park City home. For investors looking for rental property, vacation homes or just a second home to spend more time, the town of Park City has never been more appealing than now.
Vail Corporation (NYSE symbol MTN) has three divisions:
Division 1, the Mountain Division is their most profitable.
This operates 11 ski resorts in the US: Vail, Breckenridge, Beaver Creek, and Keystone (Colorado),
Park City is now part of the Epic family! This means you can now ski or ride Park City and Canyons this season, as well as other iconic resorts including Vail, Beaver Creek, Breckenridge, Keystone, and Arapahoe Basin in Colorado, and Heavenly, Northstar, and Kirkwood in Lake Tahoe on one season pass!
For unlimited, unrestricted access to both Park City and Canyons, plus the best of Colorado and Lake Tahoe, check out the Epic Pass. The Epic Pass pays for itself in just over 5 days. Plus, with the addition of Park City, the Epic Pass now provides access to 22 resorts and more than 32,000 acres of the world’s best skiing and riding, all for only $749.
Want more pass options for skiing or riding Park City this season? If
Jupiter Bowl powder skiing at Park City Mountain Resort
Every year SKI Magazine releases their ski resort Annual Rankings. SKI Magazine ranks the resorts using reader feedback based on a variety of categories such as terrain variety, slope grooming, dining, etc. All three Park City ski resorts ranked quite well again, but did slip a few spots from the previous year. Most of the other northern Utah ski resorts can also be found in the list below. We would highly expect to see big changes in the rankings, possibly not for next year, but for sure the year after as we see the merging of Park City Ski Resort and Canyons Resort, both now operated by Vail Resorts. Lots of big changes to come!
The rankings are a great way to help you decide where
It's Official. Vail has bought Park City Ski Resort from Powder Corp.
Its been a turbulent couple of years with the height of uncertainty and litigation reaching boiling points very recently. Last week we all held our breath as the courts decided it would take a $17.5 million bond posted by Powder Corp. to remain on the disputed resort property and stay open for the upcoming 2014/2015 ski season. Vail had asked for roughly $123 million and Powder Corp asked for the bond to be between $1 and $6 million. Early this week we received news that Powder Corp has decide to post the bond, which meant Park City Mountain Resort would in fact be open this year, and would need to again post another $19 million bond if they decided to also be open for the next