Vail Resorts gets strategic
Company drives guest spending, but weather remains key factor
BROOMFIELD — Vail Resorts Management Co. continued its pattern of aggressive acquisition last year, acquiring Australia’s Perisher Ski Resort for $135 million and reporting revenue of $1.4 billion for its 2015 fiscal year, up 11.6 percent.
Net income quadrupled compared with the previous year, to $114.8 million from $28.5 million.
Broomfield-based Vail Resorts has been on an acquisition binge, including Park City Mountain Resorts, which was acquired for $182 million last year — despite a lack of snow for its three California resorts near Lake Tahoe.
During an investor conference call, Vail CEO Rob Katz,…
THIS ARTICLE IS FOR SUBSCRIBERS ONLY
Continue reading for less than $3 per week!
Get a month of award-winning local business news, trends and insights
Access award-winning content today!
