snoloco
Well-known member
- Joined
- Jan 1, 2021
Of the 4 properties that they are selling, I don't think any of them are unprofitable, but Killington and Mount Bachelor will need a lot of lift investment in the near future. The other two are in better shape. They're keeping Copper, Snowbird, Boreal, and Soda Springs. If they're keeping those resorts, then I don't think it's a case of getting out while they can. Otherwise they'd just sell everything.Something is fishy about this sale. Something tells me Powdr was/is in financial difficulty. Doesn't make much sense that they would dump K and also announce that two other popular hills were on the market all of a sudden, and then announced that they were diversifying into NP concessions, of all things. I guess that's a good business these days, but, really? Maybe they're getting out while they can. So, anyway, my guess is on the low end of those three, with provisions. Fire sale time.
I just don't see a conspiracy or anything fishy here. The new people have been relatively transparent on what their intentions are, and it's most likely the best outcome for Killington compared to staying under Powdr or being bought by Alterra or Vail. I don't blame you for thinking that way though. Killington has been hamstrung by awful corporate management for years. Given the history, I see how it could be hard for some to trust a new buyer. I just say give it time before passing further judgement.