"@peakrankings In the 2000s, most notable ski resort buyout deals were influenced by the collapse of large corporate ski resort companies. Most of the high-profile sales came from the cleanup of American Skiing Company's slow disintegration, Intrawest deleveraging, and one-off transactions hard to tie to broader trends. POWDR's acquisition of Killington and Pico happened because ASC failed, not because family or local owners were forced out."
"Peak Resorts' purchase of Mount Snow and Attitash followed the same logic, and even Vail Resorts' 2002 acquisition of Heavenly can be placed in this bucket. And ironically, Intrawest's purchase of Steamboat in 2007 came out of ASC's downfall, but its sale of Copper Mountain to POWDR in 2009 happened because that company needed to offload debt. These deals reshaped regional ownership maps, but they did not meaningfully move the needle on family stewardship."
Major ski resort buyouts in the 2000s were driven primarily by the disintegration of large corporate owners rather than targeted rollups by expansion-hungry firms. The slow collapse of American Skiing Company triggered multiple high-profile sales, prompting buyers like POWDR and Peak Resorts to acquire name-brand resorts at distressed prices. Intrawest's transactions—including acquiring Steamboat and later selling Copper Mountain—reflected both ASC fallout and debt-driven divestment. These acquisitions reshaped regional ownership patterns without substantially reducing family or local stewardship. Buyers capitalized on financially constrained, recognizable mountains rather than executing broad, aggressive consolidation strategies.
Read at Unofficial Networks
Unable to calculate read time
Collection
[
|
...
]