Peak Resorts Completes $31 Million in Capital Projects at Mount Snow and Hunter Mountain
16 Gennaio 2019 - 2:30PM
$22 Million Carinthia Lodge Opens at
Mount Snow for the Holidays
Peak Resorts, Inc. (NASDAQ:SKIS) (“Peak” or the “Company”), a
leading owner and operator of U.S. ski resorts, today announced
that guests at Mount Snow and Hunter Mountain are now enjoying the
completion of $31 million in capital improvements. Both the new
Carinthia Base Lodge at Mount Snow and the Hunter North expansion
at Hunter Mountain opened to rave reviews from guests ahead of the
Christmas and New Year’s Day holiday week and together have upped
the on-mountain and après experience at two of the Company’s
flagship Northeast resorts.
Timothy D. Boyd, President and Chief Executive
Officer, commented, “We are dedicated to continually improving the
on-mountain experience across our resorts and the recent openings
of the Carinthia Base Lodge at Mount Snow and the Hunter North
expansion at Hunter Mountain are two significant examples of this
ongoing commitment. Since opening these two major capital projects
ahead of the year-end holiday period, we have received great
feedback from our guests and have seen how improvements such as
enhanced and enlarged base area facilities and expanded terrain
availability can transform existing properties and offer a totally
new experience for first-time visitors and loyal passholders alike.
Our teams are quickly ramping up the Carinthia Base Lodge and
making new snow on the Hunter North terrain and we look forward to
continuing our strong momentum for the balance of the 2018/2019 ski
season and beyond.”
Peak Resorts opened the new Carinthia Base Lodge
at Mount Snow on December 22, dramatically expanding the
on-mountain offerings at the Company’s flagship property. The new,
state-of-the-art, 42,000 square foot lodge is five times the size
of the lodge it replaced and includes the high-end amenities that
Mount Snow’s growing visitor base have come to expect. These key
amenities include a full-service sit-down restaurant named Iron
Loft, the new High Timber Lounge, and multi-station cafeteria High
Timber, along with retail offerings, rental facilities, tuning, and
a private lesson desk. The lodge also features an expansive 9,000
square foot outdoor seating deck complete with fireplace and bar
which has quickly become the latest and greatest après ski
destination for Mount Snow guests.
Hunter Mountain, Peak Resorts’ jewel in the
Catskill Mountains of New York, dropped the ropes to its
significant terrain expansion, Hunter North, on December 24
following more than eight months of construction, marking the
largest resort terrain expansion in the East in 15 years. The
Hunter Mountain team cut five new trails – four intermediate and
one beginner – and four new gladed skiing areas on the undeveloped
portion of the mountain between the main face and Hunter West,
driving an 80 acre or 33% expansion of the resort’s terrain
offerings. Serving the new terrain is a brand new, high-speed
six-passenger chair lift called the Northern Express which brings
skiers and riders to the top of the Hunter North area in
three-and-a-half minutes, as well as a fully-automated,
state-of-the-art low-energy snowmaking system. Guests have been
finding their way to the new resort entrance and base area off
Route 23a as well as the 250 new parking spaces at the foot of the
Northern Express.
Peak Resorts’ 2018/2019 ski season is in full
swing across the Northeast, Mid-Atlantic and Midwest and its 17 ski
resorts have a full schedule of on-mountain activities that are
guaranteed to keep guests entertained. From the Bud Light Concert
Series at Mount Snow to the East Coast Police Winter Games at
Hunter Mountain and from the 16th Annual 100,000 Vertical Foot
Challenge at Wildcat to the CMSC Race for Charity at Boston Mills /
Brandywine Valley, Peak Resorts’ team is dedicated to providing
leading winter entertainment experiences all season long. The
entire Peak Resorts family looks forward to welcoming new and
returning guests to the mountains as the ski season continues.
About Peak ResortsHeadquartered
in Missouri, Peak Resorts is a leading owner and operator of 17 ski
resorts primarily located in the Northeast, Mid-Atlantic and
Midwest, 16 of which are company owned: Mount Snow in Vermont;
Attitash, Wildcat and Crotched Mountain in New Hampshire; Hunter
Mountain in New York; Jack Frost, Big Boulder, Liberty Mountain,
Whitetail and Roundtop Mountain in Pennsylvania; Boston Mills,
Brandywine, Alpine Valley and Mad River Mountain (operator only) in
Ohio; Hidden Valley and Snow Creek in Missouri; and, Paoli Peaks in
Indiana.
The majority of the resorts are located within
100 miles of major metropolitan markets, including New York City,
Boston, Philadelphia, Baltimore, Washington D.C., Cleveland and St.
Louis, enabling day and overnight drive accessibility to over 44
million residents. The resorts under the Company's umbrella offer a
breadth of activities, services and amenities, including skiing,
snowboarding, terrain parks, tubing, dining, lodging, equipment
rentals and sales, ski and snowboard instruction, and mountain
biking, golf and other summer activities. To learn more, visit the
Company’s website at ir.peakresorts.com or follow Peak Resorts
on Facebook for resort updates.
For further information, or to receive future
Peak Resorts news announcements via e-mail, please contact JCIR, at
212-835-8500 or skis@jcir.com.
Forward Looking StatementsThis news release
contains forward-looking statements regarding the future outlook
and performance of Peak Resorts, Inc., within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements
are subject to a variety of risks and uncertainties that could
cause actual results to differ materially from current
expectations. These risks and uncertainties are discussed in the
Company’s filings with the Securities and Exchange Commission,
including the Company’s Annual Report on Form 10-K for the year
ended April 30, 2018, as updated in the Company’s Quarterly Report
on Form 10-Q for the quarter ended October 31, 2018. Actual results
could differ materially from those projected in the forward-looking
statements. The Company undertakes no obligation to update or
revise publicly any forward-looking statements, whether as a result
of new information, future events or otherwise, except as may be
required by law.
Investor Contact:Norberto Aja,
Jim Leahy, Joseph JaffoniJCIR212-835-8500 or skis@jcir.com
Media Contact: Jamie StorrsPeak
Resorts 802-464-4203 or jstorrs@peakresorts.com
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/a6ba9c5b-554f-4aec-b48b-ff39c7df0cb8
http://www.globenewswire.com/NewsRoom/AttachmentNg/3ea7824c-340d-45cf-8bce-d3c365a13c98
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