raisingarizona
Well-known member
- Joined
- Aug 4, 2020
The ski industry sucks now, I'm taking a time out to go wander around the desert.
I wish it still snowed, I’d just romp around in the woodsThe ski industry sucks now, I'm taking a time out to go wander around the desert.
This is all I really want.I wish it still snowed, I’d just romp around in the woods
Local Vermont article . . .
The links for the lead investors go to articles in the Mountain Times about them.
August 22, 2024
"What Does Independent Ownership Mean For Killington Resort, Community? | Mountain Times
By Polly Mikulamountaintimes.info
Phill Gross and Michael Ferri are the lead investors buying Killington Resort and Pico Mountain, according to the Aug. 22 announcement. An undisclosed number of additional minority investors will be joining them in the newly created Killington Independence Group, LLC.
The purchase and sale agreement was signed on Wednesday, Aug. 21, 2024, with the deal expected to be finalized by the end of September, pending standard closing conditions and necessary approvals.
So what does this mean for Killington Resort and its community?
“For starters, everything you love about Killington and Pico is staying the same,” stated Killington Resort on its Insider Blog post titled “A new era of independence begins at Killington Resort.”
“Killington season pass offerings will have no changes and we will remain on the Ikon Pass. Guests can expect daily operations to be business as usual, with a continued focus on offering unsurpassed year-round mountain adventure grounded in hosting the longest winter season in the East and hosting the Killington Cup, Nov. 30-Dec. 1, 2024. Killington Resort, the town of Killington and Great Gulf’s partnership will continue to build out the new mountain village. There will be no changes to the leadership, management or front-line teams, ensuring continuity and stability in our operations,” the blog post continued.
“Both of these investors have been in the community for decades,” said Mike Solimano, president and CEO of Killington Resort and Pico Mountain in resort video. “What does this mean for the community? I would say it’s all positive. The staff stays the same, the management team stays the same. Whether you’re a business owner in this community, a season pass holder, or an employee, we’re going to have the resources to continue to improve the resort… we’re going to continue to open early and have really long seasons. We’re looking to have a really smooth transition and the future is bright!” Salimano concluded.
. . . "
What's the key metric to determine sale price?