I'd be very interested in understanding the $58 Million minimum purchase price in the context of other recent ski area acquisitions. Hidden Springs went for almost twice that. 40% of Andermatt went for three times that. Peak Resorts and Triple Peaks are harder to compare as multi-resort sales. Shawnee and Sugarbush might be useful to the extent the represent other Northeast sales (and in the latter, similar resort tier) but I believe both those terms were private.
Despite the early optimistic footnote about a competitive bid process the note in Paragraph 35 about receiving only one binding bid out of 15 offers and the highest bid being set at $55 does not suggest a late surge in interest.
I'd be very interested in understanding the $58 Million minimum purchase price in the context of other recent ski area acquisitions. Hidden Springs went for almost twice that. 40% of Andermatt went for three times that. Peak Resorts and Triple Peaks are harder to compare as multi-resort sales. Shawnee and Sugarbush might be useful to the extent the represent other Northeast sales (and in the latter, similar resort tier) but I believe both those terms were private.
Despite the early optimistic footnote about a competitive bid process the note in Paragraph 35 about receiving only one binding bid out of 15 offers and the highest bid being set at $55 does not suggest a late surge in interest.
Makes perfect sense. They are going to take great care of it, they do a great job with Ragged!!!