Large US Resort Group Selling Ski Centres
Large US Resort Group Selling Ski Centres
Published : 23-Aug-2024 03:46
The Powdr Corporation, which is one of the world's largest multi-ski-resort operating groups, has sold one of its eight US and Canadian ski areas and wants to sell three more.
The largest ski resort on the US East coast, Killington, has been sold and Powdr is reported to be looking for buyers for three more of its resorts, Oregon's Mt Bachelor, Eldora in Colorado and Silver Star in BC Canada.
Killington has been owned by three successive large multi-resort groups for the past four decades, with Powdr running it the longest, some 17 years, but unusually it has been sold to local investors rather than another big group.
Powdr have stressed though that anyone, including other multi-resort groups, are welcome to bid for their three resorts still for sale.
Powdr plan to hold on to several of their world class resorts including Copper Mountain in Colorado and snowbird in Utah, along with their Woodward freestyle facilities which have been expanding across North America and with the latest facility planned for Australia.
Two other smaller ski centres it has owned for nearly three decades in California, Boreal and Soda Springs, are not for sale. Powdr told North American media it wants to intensify its focus on a smaller number of areas whilst diversify into more summer, non-ski outdoor recreation opportunities.
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