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.