Merlin Entertainments has announced the sale of its Australian ski resorts, Hotham and Falls Creek, to Vail Resorts. The purchase price is A$174 million, roughly £95 million, and is subject to certain adjustments related to the timing of closing.
Hotel Talisa offers sleek sophistication in an idyllic setting, with interior design by Leo A Daly, reflecting Vail’s rich history and the spirit of Rocky Mountain adventure.
Vail Resorts has announced that the company will aggressively pursue a comprehensive sustainability commitment, called “Epic Promise for a Zero Footprint”. This ambitious undertaking, announced to employees at a company-wide event, commits to zero net emissions by 2030, zero waste to landfill by 2030 and zero net operating impact to forests and habitat.
Vail Resorts has signed up with UK PR and marketing specialists The Lifestyle Agency. The appointment will see the UK-based agency strengthen Vail Resorts presence and awareness within the UK, connecting them with journalists, local partners, and media. The Lifestyle Agency have been given the task of showcasing Vail Resorts portfolio of nine world-class mountain resorts in the United States and Australia, and two urban ski areas.
The Vail Marriott Mountain Resort is proud to announce Kellie Newman as its new general manager. Newman brings to the position more than 20 years of experience in the hospitality industry. She is currently the general manager of the Denver Marriott West.
Vail Resorts, today announced its calendar 2013 capital expenditure plan. The Company’s 2013 capital plan includes a high-impact new lift, significant terrain expansion, a new restaurant and the fourth generation of EpicMix, as well as $25 million in spending for the first phase of its new summer operations and nearly $10 million in upgrades for each of the recently acquired Afton Alps and Mt. Brighton, resulting in the largest number of planned improvements in the Company’s history.
Vail Resorts, Inc. announced that Jeffrey W. Jones, chief financial officer and president of the Company’s lodging, retail and real estate businesses, will be retiring effective Dec. 31, 2012.
Vail Resorts has reported a widening fourth-quarter loss as operating expenses continue to increase. The Colorado-based ski resort operator revealed it lost $41.9 million in the three months ended July 31st 2010, compared with $38.7 million a year ago.
Vail Resorts, Inc. announced today that Alex Iskenderian was promoted to chief operating officer and senior vice president for Vail Resorts Development Company (VRDC), a subsidiary of Vail Resorts, effective immediately.