Anyone know the status of Mt Rose ownership?
I heard that someone was in serious talks about buying from Fritz, but I haven't heard any follow up.
Mt Rose owner looking to sell
@ScotsSkier @Bobalooski ?
I heard that someone was in serious talks about buying from Fritz, but I haven't heard any follow up.
Mt Rose owner looking to sell
@ScotsSkier @Bobalooski ?
Industry experts say Mt. Rose Ski Tahoe has a number of appealing factors for potential buyers
RENO GAZETTE JOURNAL
Mt. Rose owner 'looking to sell' ski resort
In short, Mt. Rose appears to be a profitable, well-run resort that could attract interest from major ski industry players.
“I don’t think anybody is going to steal that place,” said Tim Cohee, director of the Ski Business and Resort Management program at Sierra Nevada College in Incline Village. “It is very efficient. I suspect it is very profitable.”
Cohee and other industry experts, including Andy Wirth, president of Squaw Valley Ski Holdings, said ski resorts tend to sell for about six times their average annual earnings, or EBITDA, which stands for earnings before interest, taxes, depreciation and amortization.
Overall, ski and snowboard resort visitation has seen slow or flat growth nationally for more than a decade and declined in the far West.
According to the Snow Sports Industry Association, the number of skier visits annually to resorts nationwide was about 54 million in 2014-15, about the same as in 2001-02. It peaked at 60 million in 2010-11.
(Photo: RGJ file photo)
In the Pacific region, the number of annual visits has fallen from a peak of 12.3 million in 2010-11 to 7 million in 2014-15, although 2015-16 could produce stronger results given the El Nino-driven snow totals in California.