Peak Resorts was a publicly traded company based in Wildwood, Missouri that operated
ski resort
A ski resort is a resort developed for skiing, snowboarding, and other winter sports. In Europe, most ski resorts are towns or villages in or adjacent to a ski area – a mountainous area with pistes (ski trails) and a ski lift system. In North ...
s in the Midwest, Mid-Atlantic and Northeast portions of the United States. It was bought by
Vail Resorts
Vail Resorts, Inc. is an American mountain resort company headquartered in Broomfield, Colorado. The company is divided into three divisions. The mountain segment owns and operates 40 mountain resorts in four countries, Vail Resorts Hospitality o ...
in 2019.
History
The company was founded in 1977 by Tim Boyd two years after graduating the
University of Missouri
The University of Missouri (Mizzou, MU, or Missouri) is a public university, public Land-grant university, land-grant research university in Columbia, Missouri. It is Missouri's largest university and the flagship of the four-campus Universit ...
when he bought the Wildwood Golf Course in the suburban
St. Louis, Missouri
St. Louis () is the second-largest city in Missouri, United States. It sits near the confluence of the Mississippi River, Mississippi and the Missouri Rivers. In 2020, the city proper had a population of 301,578, while the Greater St. Louis, ...
, community of
Wildwood, Missouri
Wildwood is a city in St. Louis County, Missouri, United States. It is located in the far western portion of the county. As of the 2020 census, the population was 35,417. Wildwood is the home of the Al Foster Trail, and numerous other trails, p ...
, for $250,000 with owner financing. In 1982, he added a ski resort that would become
Hidden Valley Ski Area. Shortly thereafter, he opened a ski-resort in suburban
Kansas City, Missouri
Kansas City (abbreviated KC or KCMO) is the largest city in Missouri by population and area. As of the 2020 census, the city had a population of 508,090 in 2020, making it the 36th most-populous city in the United States. It is the central ...
, at
Weston, Missouri
Weston is a town in Platte County, Missouri within the United States. The population was 1,641 at the 2010 census.
History
The Lewis and Clark Expedition stopped at "Bear Medison" island, near the location of today's city hall. Weston was the ol ...
(Snow Creek Ski Resort).
[Boyd's ski resort revenue climbs to $85 million - St. Louis Business Journal - February 23, 2007](_blank)
/ref>
The company continued to expand owning Paoli Peaks in Paoli, Indiana
Paoli ( ) is a town within Paoli Township and the county seat of Orange County, in the U.S. state of Indiana. The population was 3,677 at the 2010 census.
History
Paoli was laid out and platted in 1816. It was named for Pasquale Paoli Ash, the s ...
; Boston Mills and Brandywine in Peninsula, Ohio
Peninsula is a village in Summit County, Ohio, United States. The population was 565 at the 2010 census. It is part of the Akron Metropolitan Statistical Area.
Peninsula is in the middle of the Cuyahoga Valley National Park, which provides a sou ...
. In 2002 it expanded with Crotched Mountain
Crotched Mountain is a small mountain in western Hillsborough County, New Hampshire, in the United States. The summit of the mountain is in the town of Francestown, while the western slopes of the mountain rise in the town of Bennington, and ...
in Bennington, New Hampshire
Bennington is a town in Hillsborough County, New Hampshire, United States. The population was 1,501 at the 2020 census.
The main village of the town, where 338 people resided at the 2020 census, is defined as the Bennington census-designated pla ...
. In addition it had long-term leases on Jack Frost and Big Boulder ski areas in Blakeslee, Pennsylvania
Blakeslee is an unincorporated community in Tobyhanna Township in Monroe County, Pennsylvania, United States. Blakeslee is located at the intersection of Pennsylvania Route 115 and Pennsylvania Route 940
Pennsylvania Route 940 (PA 940) is a Pen ...
in the Poconos as well as Mad River Mountain
Mad River Mountain is a ski and snowboard resort in Valley Hi, Ohio, United States. The elevation of Mad River Mountain is with a vertical drop of , and it has a ski season that runs from approximately mid-December through mid-March. The resort, ...
in Valley Hi, Ohio
Valley Hi is a village in Logan County, Ohio, United States. The population was 228 at the 2020 census. The village is located nearby U.S. Route 33 and is about an hour northwest of Columbus. The village lies mostly in Jefferson Township, but i ...
.
In 2002 it bought Crotched_Mountain_Ski_&_Ride
Crotched Mountain Ski & Ride is a medium-sized ski area located on Crotched Mountain in Bennington and Francestown, New Hampshire. The ski area reopened in 2003 after having been closed for 13 years.
Crotched Mountain is east of Keene, west ...
in New Hampshire
New Hampshire is a U.S. state, state in the New England region of the northeastern United States. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Gulf of Maine to the east, and the Canadian province of Quebec t ...
, a small ski area that had been shut for more than a decade. It built a new lodge, redid trails, and opened it in 2003.
In 2007, the company nearly tripled its revenue with the acquisition of Mount Snow
Mount Snow (previously known as Mount Pisgah) is a mountain and ski resort in southern Vermont located in the Green Mountains. It is Vermont's southernmost big mountain, and therefore, closest to many Northeast metropolitan areas.
In Septemb ...
in Vermont and Attitash
Attitash Mountain Resort is a ski area located on U.S. Route 302 in Bartlett, New Hampshire, near North Conway. Constructed in 1938 by the Works Progress Administration, as of October 2019, Attitash is operated by Vail Resorts (after being pu ...
in New Hampshire
New Hampshire is a U.S. state, state in the New England region of the northeastern United States. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Gulf of Maine to the east, and the Canadian province of Quebec t ...
from the financially troubled American Skiing
American Skiing Company was one of the largest operators of alpine ski, snowboard and golf resorts in the United States. Its resorts included Sunday River and Sugarloaf, in Maine, The Canyons in Utah, Killington, Mount Snow, Haystack, Heavenl ...
(which was owned by Oak Hill Capital Partners, a private equity company). The acquisition increased Peak Resorts ski visitors from 1 million to 1.7 million and revenue of $85 million. On October 21, 2010, the company announced it had entered into a purchase and sale agreement for Wildcat Mountain Ski Area
Wildcat Mountain Ski Area is a ski area located on Wildcat Mountain near Jackson, New Hampshire, United States, in the Mount Washington Valley. Its vertical drop of is the second largest in New Hampshire and the ninth largest in New England.
...
in New Hampshire.
Previously privately owned, Peak Resorts shares began trading on the NASDAQ Global Market on November 21, 2014, under the ticker symbol "SKIS." Its IPO saw an offering of 10,000,000 shares of its common stock at a price to the public of $9.00 per share closed 9 days later on December 1, 2014.
On November 30, 2015, the company announced its intention to purchase Hunter Mountain adding its first New York mountain. The acquisition was completed on January 7, 2016, in an all-cash deal of $35 million, plus the assumption of two capital leases estimated at $1.8 million. For the 2016–17 ski season, Peak Resorts debuted the Peak Pass that linked its seven Northeast resorts.
On July 22, 2019, it was announced that Peak Resorts would be acquired by Vail Resorts
Vail Resorts, Inc. is an American mountain resort company headquartered in Broomfield, Colorado. The company is divided into three divisions. The mountain segment owns and operates 40 mountain resorts in four countries, Vail Resorts Hospitality o ...
, pending approvals. The transaction closed on September 24, 2019. The company's common stock was delisted from Nasdaq Global Select Market at the close of trading the same day.[https://www.peakresorts.com/news-updates/page-1450/]
List of ski areas
Ski Resorts owned and/or operated by Peak Resorts as of July 22, 2019 with year opened or acquired:
East
* Crotched Mountain
Crotched Mountain is a small mountain in western Hillsborough County, New Hampshire, in the United States. The summit of the mountain is in the town of Francestown, while the western slopes of the mountain rise in the town of Bennington, and ...
, New Hampshire (2003)
* Big Boulder
Big or BIG may refer to:
* Big, of great size or degree
Film and television
* ''Big'' (film), a 1988 fantasy-comedy film starring Tom Hanks
* ''Big!'', a Discovery Channel television show
* ''Richard Hammond's Big'', a television show presente ...
, Pennsylvania (2005)
* Jack Frost Ski Resort
Jack may refer to:
Places
* Jack, Alabama, US, an unincorporated community
* Jack, Missouri, US, an unincorporated community
* Jack County, Texas, a county in Texas, USA
People and fictional characters
* Jack (given name), a male given name, ...
, Pennsylvania (2005)
* Attitash Mountain Resort
Attitash Mountain Resort is a ski area located on U.S. Route 302 in Bartlett, New Hampshire, near North Conway. Constructed in 1938 by the Works Progress Administration, as of October 2019, Attitash is operated by Vail Resorts (after being pu ...
, New Hampshire (2007)
* Mount Snow
Mount Snow (previously known as Mount Pisgah) is a mountain and ski resort in southern Vermont located in the Green Mountains. It is Vermont's southernmost big mountain, and therefore, closest to many Northeast metropolitan areas.
In Septemb ...
, Vermont (2007)
* Wildcat Mountain Ski Area
Wildcat Mountain Ski Area is a ski area located on Wildcat Mountain near Jackson, New Hampshire, United States, in the Mount Washington Valley. Its vertical drop of is the second largest in New Hampshire and the ninth largest in New England.
...
, New Hampshire (2010)
* Hunter Mountain, New York (2015)
* Liberty Mountain Resort
Liberty Mountain Resort is a resort located in southern Pennsylvania. During the winter months the resort offers skiing, snowboarding, and snow tubing. The onsite hotel and lodge is open year-round and offers 114 rooms and multiple options for we ...
, Pennsylvania (2018)
* Ski Roundtop
The Roundtop Mountain Resort is a resort located in Pennsylvania. During the winter months the resort offers skiing, snowboarding, and snowtubing. During the spring, summer, and fall, Roundtop offers zip lines, a ropes course, OGO Balls, and y ...
, Pennsylvania (2018)
* Whitetail Ski Resort
Whitetail Mountain Resort is a four-season resort located on Two Top Mountain, a mountain in the Bear Pond Mountains of Pennsylvania. The resort opened for skiing in 1991, and was acquired a few years later by Snow Time, Inc., the company which a ...
, Pennsylvania (2018)
Midwest
* Hidden Valley Ski Area, Missouri (1982)
* Snow Creek, Missouri (1985)
* Paoli Peaks
Paoli Peaks is an Alpine skiing, alpine ski resort located in Paoli Township, Orange County, Indiana, Paoli Township, Orange County, near Paoli, Indiana. Paoli Peaks is for skiers, snowboarders, snowbladers, and tubers (with the addition of their ...
, Indiana (1997)
* Alpine Valley Ski Area
Alpine Valley Ski Area is a ski resort located in Munson Township, Geauga County, in the U.S. state of Ohio, east of Chesterland. It was built in 1965 under the direction of Thomas D. Apthorp, who then continued to operate and manage the reso ...
, Ohio (2001)
* Boston Mills, Ohio (2002)
* Brandywine Brandywine may refer to:
Food and drink
*Brandy, a spirit produced by distilling wine
*Brandywine tomato, a variety of heirloom tomato
Geographic locations Canada
*Brandywine Falls Provincial Park, British Columbia
*Brandywine Mountain, British C ...
, Ohio (2002)
* Mad River Mountain
Mad River Mountain is a ski and snowboard resort in Valley Hi, Ohio, United States. The elevation of Mad River Mountain is with a vertical drop of , and it has a ski season that runs from approximately mid-December through mid-March. The resort, ...
, Ohio (operator only) (2005)
References
{{reflist
External links
Peak Resorts - NewEnglandSkiHistory.com
Companies based in St. Louis County, Missouri
Companies formerly listed on the Nasdaq