Posts Tagged ‘Stowe Mountain Resort’

Vail Resorts to Acquire Stowe Mountain Resort Vermont, Add to Epic Pass

March 27, 2017

Stowe Mountain Resort Vt

Vail Resorts is moving to complete the acquisition of Stowe Mountain Resort, Vermont, which would be the company’s first resort on the East Coast, and would give East Coast skiers more of a reason to buy the Epic Pass.

Vail Resorts, Inc. in February entered an agreement to acquire Stowe Mountain Resort from Mt. Mansfield Company, Inc., a wholly owned subsidiary of American International Group, Inc. (AIG), for a purchase price of $50 million, subject to certain adjustments. Stowe Mountain Resort will be Vail Resorts’ first mountain resort on the East Coast and complements the Company’s network of 10 world-class mountain resorts and three urban ski areas.

This acquisition brings together Vail Resorts, a leading mountain resort operator, with AIG Global Real Estate (AIGGRE), a major real estate developer, which share a common vision for the long-term success of Stowe Mountain Resort as a premier, high-end resort for skiers and snowboarders on the East Coast. Vail Resorts is acquiring all of the assets related to the mountain operations of the resort, including base area skier services (food and beverage, retail and rental, lift ticket offices and ski and snowboard school facilities) at Mount Mansfield and Spruce Peak. Other facilities such as the Stowe Mountain Lodge, Stowe Mountain Club, Stowe Country Club and certain real estate owned and held for potential future development will be retained by MMC.

“We’re thrilled to add Stowe Mountain Resort to our family of world-class mountain resorts. With the investments in both mountain infrastructure and base area facilities that AIG has made over the years, Stowe Mountain Resort has become the premier, high-end resort for East Coast skiers and snowboarders. We look forward to working with AIG to continue enhancing the guest experience and to ensure the resort’s long-term success,” said Rob Katz, chairman and chief executive officer of Vail Resorts.

Douglas Tymins, president and chief executive officer of AIG Global Real Estate, said, “Under Vail Resorts’ management, Stowe’s reputation as a premier ski destination with a commitment to excellent service will continue to grow. AIGGRE is looking forward to combining Vail Resorts’ tremendous mountain operations capabilities with our continued commitment to the development of the Spruce Peak community.”

Stowe Mountain Resort in Stowe, Vt., has undergone major capital and facilities improvements including the Spruce Peak Adventure Center, the new Meadows Quad on Spruce Peak, Evolution Stowe’s RFID tickets, passes and gates and the new Shops at Spruce Peak. Spruce Peak also has new high-speed lifts, new base facilities and gourmet restaurants. MMC will retain ownership of the renowned Stowe Mountain Lodge at Stowe Mountain Resort, a 312-room hotel and spa that has already been recognized as one of the greenest and most luxurious mountainside hotels in the world, and additional slopeside real estate opportunities.

This transaction is subject to Vermont administrative review. At closing, the purchase price will be adjusted for certain agreed upon terms, including a reduction (or increase) in the price by the amount that the resort’s EBITDA exceeds capital expenditures for the period from Nov. 1, 2016, through closing. Stowe Mountain Resort is expected to generate incremental annual EBITDA in excess of $5 million in Vail Resorts’ fiscal year ending July 31, 2018.

Vail Resorts plans to integrate Stowe Mountain Resort into its Epic Pass and other season pass products for the 2017-18 winter season, subject to the acquisition closing. With the Epic Pass, Vermont skiers and snowboarders will have unlimited access locally at Stowe at an attractive price as well as the best of the West at Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in Tahoe; and Whistler Blackcomb in British Columbia, Canada.

See: Vail Resorts Plans to Add Stowe Vermont to 2017-18 Epic Pass Giving Northeastern Skiers New Reason to Buy

Vail Resorts, Inc subsidiaries operate 10 world-class mountain resorts and three urban ski areas, including Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Perisher in Australia; Whistler Blackcomb in Canada; Afton Alps in Minnesota, Mt. Brighton in Michigan and Wilmot Mountain in Wisconsin. The Company owns and/or manages a collection of casually elegant hotels under the RockResorts brand, as well as the Grand Teton Lodge Company in Jackson Hole, Wyo. Vail Resorts Development Company is the real estate planning and development subsidiary of Vail Resorts, Inc. Vail Resorts is a publicly held company traded on the New York Stock Exchange (NYSE: MTN). The Vail Resorts company website is www.vailresorts.com and consumer website is www.snow.com.
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Vail Resorts Plans to Add Stowe Vermont to 2017-18 Epic Pass Giving Northeastern Skiers New Reason to Buy

March 27, 2017

 

 

Park City, Utah, which now encompasses The Canyons making it the largest ski resort in the United States, is one of 10 world-class Western resorts that are part of the Vail Resorts collection, all included on the Epic Pass. Now, the pending acquisition of Stowe, Vermont, gives Northeastern skiers added reason to purchase the pass © 2017 Karen Rubin/goingplacesfarandnear.com

Vail Resorts just announced that the Epic Pass plans to offer unlimited, unrestricted access to Stowe Mountain Resort for the 2017-2018 winter season, subject to the closing of the acquisition. Purchasing the 2017-2018 Epic Pass now through Sunday, April 9 ensures that skiers and snowboarders will lock in the lowest price, combined with the most benefits, such as six discounted lift tickets (“Buddy Tickets”) for family and friends.  Stowe will be the newest resort among 45 of the world’s most iconic mountain destinations to be offered with the Epic Pass (subject to the closing of the acquisition) – which includes 10 world-class Western destination resorts, among them Vail, Breckenridge, Park City, and Whistler Blackcomb.

The addition of Stowe, for the first time gives Northeastern skiers an even better incentive to purchase the Epic pass, which pays for itself after just five days of skiing, especially if they take advantage of the early bird discounted rates.

Available for $639, the Epic Local Pass offers unprecedented value to guests who are willing to plan around a few restrictions. Skiers and snowboarders would receive a total of 10 days at Stowe (subject to the acquisition closing), Vail, Beaver Creek, and Whistler Blackcomb with holiday restrictions; unlimited, unrestricted skiing or riding at Breckenridge, Keystone and Arapahoe Basin; and access with limited restrictions at Park City, Heavenly, Northstar and Kirkwood.

Available at $859 for adults, the 2017-2018 Epic Pass offers access to 45 of the world’s best mountain resorts – including Stowe Mountain Resort in Vermont, subject to the acquisition closing; Vail, Beaver Creek, Breckenridge, Keystone and Arapahoe Basin in Colorado; Whistler Blackcomb in Canada; Park City in Utah; Heavenly, Northstar and Kirkwood at Lake Tahoe; Perisher in Australia; Afton Alps in Minnesota; Mt. Brighton in Michigan and Wilmot Mountain in Wisconsin. Epic Pass holders will again enjoy limited access to 30 European ski resorts including Verbier and Les 4 Vallées in Switzerland, Les 3 Vallées in France; Arlberg in Austria; and Skirama Dolomiti Adamello Brenta in Italy. Each resort delivers an iconic experience, unique alpine traditions and impeccable service. Purchasing the 2017-2018 Epic Pass this spring ensures skiers and snowboarders the lowest price, combined with the most benefits, such as six discounted lift tickets (“Buddy Tickets”) for family and friends.

For guests interested in skiing Stowe exclusively, Vail Resorts anticipates offering limited Stowe-specific season pass options.  Details about pricing, access and benefits will be announced after the close of the acquisition.

“We look forward to welcoming Stowe to our family of world-class resorts, to continue providing our guests with exceptional experiences, and to build upon the unprecedented value of the Epic Pass,” said Kirsten Lynch, chief marketing officer of Vail Resorts. “With the addition of Stowe, the Epic Pass would provide guests access to the East Coast’s most iconic skiing, as well as unlimited, unrestricted access to the best of the West – including Vail, Breckenridge, Park City and Whistler Blackcomb, among many additional world-renowned destination resorts throughout North America.”

You can purchase season passes and start planning their next winter vacations at EpicPass.com.

2017-2018 Ski and Snowboard Season Pass Options

Epic Pass™: Ski unlimited and unrestricted from opening day to closing day for only $859. The Epic Pass pays for itself in just over four days of skiing or snowboarding. Enjoy unlimited, unrestricted access to Stowe (subject to the closing of the acquisition); Vail, Beaver Creek, Breckenridge, Keystone and Arapahoe Basin in Colorado; Whistler Blackcomb in Canada Park City in Utah; Heavenly, Northstar and Kirkwood at Lake Tahoe; Perisher in Australia; Afton Alps in Minnesota; Mt. Brighton in Michigan, and Wilmot Mountain in Wisconsin for the 2017-2018 season. The Epic Pass grants limited access to Arlberg in Austria; Les 3 Vallées, Paradiski and Tignes-Val D’Isere in France; Skirama Dolomiti in Italy and 4 Vallées in Switzerland. No restricted dates. A child pass (ages five to 12) is $449.

Epic Local Pass™: For $639, receive 10 days at Stowe (subject to the closing of the acquisition), Vail, Beaver Creek and Whistler Blackcomb with holiday restrictions; unlimited and unrestricted skiing and snowboarding at Breckenridge, Keystone and Arapahoe Basin; and skiing and snowboarding at Park City, Heavenly, Northstar and Kirkwood with limited restrictions. The Epic Local Pass pays for itself in just over three days. A child pass (ages five to 12) is $339.

Epic 7-Day™: Perfect for skiers in search of a week of skiing. The pass pays for itself in just over three days and includes a total of seven unrestricted days valid at Stowe (subject to the closing of the acquisition), Vail, Beaver Creek, Breckenridge, Keystone, Whistler Blackcomb, Park City, Heavenly, Northstar, Kirkwood and Arapahoe Basin, plus seven free days at Afton Alps, Mt. Brighton or Wilmot Mountain. The Epic 7-Day Pass is $639 for adults and $339 for children (ages five to 12).

Epic 4-Day™: A convenient option for a short ski trip. The pass pays for itself in just over two days and includes a total of four unrestricted days valid at Stowe (subject to the closing of the acquisition), Vail, Beaver Creek, Breckenridge, Keystone, Whistler Blackcomb, Park City, Heavenly, Northstar, Kirkwood and Arapahoe Basin, plus four free days at Afton Alps, Mt. Brighton or Wilmot Mountain. The Epic 4-Day Pass is $419 for adults and $229 for children (ages five to 12).

Those who purchase the Epic Pass or Epic Local Pass prior to April 9 will receive six Buddy Tickets that are automatically loaded onto your Epic Pass or Epic Local Pass – the best discounted rate for lift tickets that pass holders can give to friends or family to use.

Season Pass Insurance: Vail Resorts encourages guests to purchase pass insurance. All of the Company’s season pass products are non-refundable and non-transferable; however, pass insurance covers pass holders in the event of unexpected circumstances including sickness, injury and job loss. Find out more at EpicPass.com.

For those who want to ski Stowe exclusively, Vail Resorts anticipates offering limited Stowe-specific season pass options.  Details about pricing, access and benefits will be announced after the official close of acquisition.

Vail Resorts, Inc subsidiaries operate 10 world-class mountain resorts and three urban ski areas, including Vail, Beaver Creek, Breckenridge and Keystone in Colorado; Park City in Utah; Heavenly, Northstar and Kirkwood in the Lake Tahoe area of California and Nevada; Perisher in Australia; Whistler Blackcomb in Canada; Afton Alps in Minnesota, Mt. Brighton in Michigan and Wilmot Mountain in Wisconsin. The Company owns and/or manages a collection of casually elegant hotels under the RockResorts brand, as well as the Grand Teton Lodge Company in Jackson Hole, Wyo. Vail Resorts Development Company is the real estate planning and development subsidiary of Vail Resorts, Inc.

Visit www.snow.com for more information.
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Stowe Mountain Lodge Introduces ‘Mountain Survival Package’ and Other New Experiences

December 23, 2014

Stowe, Vt. – Stowe Mountain Lodge, by Destination Hotels, is offering new and exciting outdoor adventures and revitalizing spa treatments for the 2014/2015 winter season. With people seeking more experiential and adventurous vacations for the entire family, Stowe Mountain Lodge has developed offerings that appeal to a wide variety of guests.

Here is a sample of new offerings for the 2014/2015 winter season.

The Mountain Survival Package:  This is an unforgettable experience and a chance to spend the day with a true mountain man and our resident Green Mountain expert. Mountain Survival includes:  a two-night stay in luxurious accommodations, your choice of an ice climbing/mountaineering expedition, a Rustic Furniture Making Class, or a backcountry skiing trip; an 80 minute deep tissue or hot-stone massage, a guided evening snowshoe tour and a $100 dining credit to experience our upscale restaurant, Solstice or Hourglass Lounge. Guests can seek out a true adventure with a touch of indulgence to go along.

For Mom: The Winter Goddess: Spend a day at the Spa and Wellness Center at Stowe Mountain Lodge to truly revive and rejuvenate. Winter Goddess includes:

-Hydrofacial Boost treatment

-Manicure & Pedicure

-Blowout

-Make-up Application

For the Young Couple: Ultimate Detox: The Stowe Mountain Lodge Spa and Wellness Center takes pride in guiding our guests to achieve their ultimate level in wellness and balance. The Ultimate Detox package is designed to leave you feeling refreshed, healthy, balanced and ready to seize the day, whether it’s on the slopes or sitting by the fire.  Ultimate Detox Package includes:

-80 minute Detox Facial

-50 minute Detox Body Wrap

-50 minute Ionic Detox Foot Ritual with a hand, scalp and foot treatment

-Healing Lodge Access for Detox Ritual

For the Kids: Art Aprés, Ages 3-18:  After a fun day on the ski hill or playing outside, kids can wind down with the art teachers from Stowe’s Helen Day Art Center, a non-profit organization that supports the arts in the community of Stowe, Vermont. Classes include: Paper Arts, Winter Birch Tree Painting, Fabric Arts, Wool Weaving, Snowboard/Ski Designing, Sticker/Logo Designing, Cartooning, Winter Watercolor and more.

For the Grandparents: Take a Day Off…from Skiing!  Package: When you ski hard on a winter vacation, especially a challenging mountain like Stowe Mountain Resort, sometimes you just need a day off. Enjoy the “Take a Day Off” package at The Spa and Wellness Center and spend the day stretching, moving, and relaxing. “Take a Day Off” includes:

-Guided snowshoe Tour and Stowega (our signature outdoor stretching and yoga class)

-Unlimited fitness classes

-Choice of 80-minute massage

For the Four Legged Family Members: Bring the dogs on a special and unique privately guided snowshoe tour for the entire family. Your dogs will get to run free, frolic in the snow and hike Smuggler’s Notch with other Vermont dogs and families. “We like to call it the ‘Vermont Dog Park’.”

Stowe Mountain Lodge is the centerpiece of Spruce Peak at Stowe, a $400 million alpine village in planning and development stages for the past 16 years.  As part of this new community, guests of Stowe Mountain Lodge will enjoy world-class service, 312 guest rooms, a 21,000-square-foot spa and wellness center, ski-in/ski-out access to over 100 legendary trails, exclusive access to Stowe Mountain Club, an 18-hole mountain golf course designed by Bob Cupp, and a heated outdoor pool. Stowe Mountain Resort offers over 56,000 square feet of event space, as well as high-end boutiques, restaurants and limitless on-mountain recreational options.  The lodge offers farm-to-table cuisine in Solstice restaurant and Hourglass bar.  In addition, 34 fractionally-owned condominium units are available for vacation home ownership in the Lodge’s Front Four Private Residence Club.  Rooms reservations, with special lodging offers and packages, are available by calling (802) 253-3560 or (888) 4-STOWE-VT, or by visiting www.stowemountainlodge.com. For real estate inquiries, call (888) 403-7739 or (802) 253-0320.

Destination Hotels is a collection of luxury and upscale independent hotels, resorts and residences across the United States. Offering authentically-immersed and enriching experiences, each property is individual at heart, yet connected by a commitment to drawing upon the best of each location. Highly distinct, the Destination experience is always memorable and matchless; guests will feel the locale in a genuine way through each property and during the engaging moments cultivated both in and outside of them. Continuously growing with more than 40 properties from coast to coast, the award-winning portfolio features 20 renowned golf courses, 19 indigenous spas, and 125 exceptional bars and restaurants. Destination Hotels are true to our place; diverse by design. For more information, visit www.destinationhotels.com. Follow on Twitter: @Destination. Like on Facebook: DestinationHotels.

Stowe Mountain Resort is an internationally renowned four-season destination. With majestic Mt. Mansfield and Spruce Peak, Stowe is filled with activities for every season: golf, tennis, hiking, fishing, skiing, snowboarding, world-class dining, shopping, spas and more. Stowe’s historic village combined with Vermont’s most spectacular landscape creates the quintessential New England getaway. For more information visit:  http://www.stowe.com or call: 800-253-4754.

 

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